Euro-Dollar is the only overnight mover

As of the open, ES was nearly unchanged from yesterday's close, maybe 1/4 of a point lower, but the EUR/USD was up (bullish).

 ES choppy all night, the European open at the green arrow.

 Here's EUR/USD for the week with the Spanish downgrade at the red arrow.

 Here it is from yesterday's close and around the EU open today.

ES lost ground at 8 a.m., I can only assume due to JPM's earnings beat which saw nearly all revenue streams fall, but the beat came on accounting trickery of releasing loan loss reserves, I guess the market didn't buy it.

JPM gapped down pretty bad, but has jumped tight back up.