Futures Pre-Open Indications

Here are the Futures for the S&P E-Mini Contract and NASDAQ as of 9:20 pre-New York open.

 ES 1 min 3C overnight with the European open at the yellow arrow at 3 a.m. EDT. There is what could be a positive divergence forming, it's hard to say as it is still heading down , it may just be catching up to the downside move from the European opening negative divergence.

 ES 5 min chart is clearly negative since opening for trade this week.

 ES daily VWAP

 We just broke under ES weekly VWAP

 NASDAQ Futures and where they closed Friday, the European overnight open at the yellow arrow with another steep negative divergence on the open and a possible positive now, again 3C is still heading down so its too early to call positive, but it is in the right position for an intraday move if it turns upward.

 NASDAQ 5 min 3C very negative overnight.

 The daily VWAP

And another break under the weekly VWAP