Opening Indications

The open is always a misleading time as overnight and pre-market orders, especially after a day like yesterday, are ran an ultimately taken advantage of.

Between the overnight longer term intraday futures (5 min) and the opening indications in the DIA, QQQ and IWM, I'd still say we bounce.

On the other side of the coin, it's amazing how bad the charts look on most timeframes, yesterday doesn't seem to have been a fluke; I'll post those shortly.

As for the opening indications...

 DIA 1 min relative positive divergence.

 DIA coser view of the open, it's not much of a divergence, but it's not the downside confirmation we had been seeing.

 IWM 1 min opening positive divergence.



QQQ 1 min opening positive divergence.