Futures

Both the ES and NQ (mini size S&P and NASDAQ Futures) saw a stronger 1 min positive divergence as we move toward the close, perhaps some overnight action? I'll take a look later tonight and see if there's anything that maybe leads to a gap up.

Crude Futures have seen a slight improvement in the short term chart going into the close, gold futures have actually seen deterioration on the 1 min chart going in to the close, their 5 min future chart is exactly in line with price today. I still have the GLL (leveraged gold short ETF) position open and expected some GLD upside, we did see some intraday, it wasn't exactly what I had in mind, but with the market so dull today I'm not all that surprised.

Just consider one thing when you consider how dull the market is today, consider how negative it was yesterday. In that respect that's a major change in sentiment or at least price action, it does fit well with an oversold bounce and as I mentioned shortly ago, Wall Street doesn't do much without a reason so you have to expect volatility.