Opening Indications

Most of the averages have met their short term positive divergences that were already in place, AAPL did not confirm the gap up open, but it's also right at gap resistance, I think it will move higher, even if in to a negative divergence.

Here are the charts...

 AAPL 1 min chart didn't confirm the open...

However AAPL is at gap resistance and did get a head start off Tuesday's bullish reversal hammer on heavier volume. I still think AAPL will move above the neckline and shakeout the shorts who entered on the break of the neckline, it's one of the most common shakeouts in the market on what is considered to be (by Technical traders) to be one of the most reliable price patterns. I think we'll have out chance to short AAPL at better prices, less risk and higher probabilities, but for now we'll let the call position opened for this move time to work.

 The DIA has gapped right to the positive divergence

 The Euro is still quite a bit more positive than price reflects, that is good for a market bounce.

 The QQQ is also at its near term positive divergence from the last 2 days

As is the SPY

Risk Assets thus far are also confirming pretty well...

 Commodities vs the SPX had been leading in recent days and continue as you can see today

 HY Credit was also hinting at an upside move, it's in decent position.

 Yields are in good position, leading the SPX.

 As is the $AUD as it has been positively divergent this week

 And the Euro

High Yield Corp. Credit is also leading, so for the time, it looks like we have a confirmed risk on mode, just what we were looking for, now to let it move and get us in to better position to enter some shorts for the bigger picture.