Futures Update

The short term futures seem to confirm what I saw in the averages, the longer term futures seem to confirm the move up from this range. Here are several different timeframes between the two futures (SPX and NASDAQ / ES and NQ)

 ES 1 min is showing a negative divergence on an intraday basis, this isn't an important signal for the strategic view, it's just important for those that are looking to execute tactical positioning today.

 ES 15 min in the range this week from a relative positive divergence to a leading positive divergence, not only is this a significant timeframe, but the transition from a weaker relative divergence to a stronger leading divergence is a good sign that underlying activity is picking up and ready to move.

 NQ 1 min intraday shows 2 nearly equal price highs, the second slightly lower than the first, but 3C is leading positive higher at the second, it's only a small relative negative divergence that is a signal for intraday trade/reversal.

 NQ 5 min from a relative positive yesterday to a leading positive today.

NQ 60 min with last week's negative, the range this week with increasing higher 3C highs as price makes lower lows and what I'd call a leading positive divergence now. This is also a significant timeframe.