And the news!

I see these divergences everyday as do you, but I'm still blown away that ES was at overnight highs and 3C was calling distribution in ES at least an hour before it moved to the downside, actually several hours before. I'd say during the last hour this news was leaked to smart money.

The EuroGroup Meeting today to decide what to do with Greece ended with no agreement, the headlines...

• *FRIEDEN SAYS NO DECISIONS REACHED TODAY ON GREECE BY EUROGROUP
• *FRIEDEN SAYS EURO FINANCE CHIEFS TO CONTINUE TALKS ON MONDAY
• *SCHAEUBLE SAYS EUROGROUP UNABLE TO REACH CONCLUSIVE AGREEMENT
• *LAGARDE SAYS MORE WORK NEEDED FOR GREEK SOLUTION
• *JUNCKER IDENTIFIED 'CREDIBLE' IDEAS TO BRING DOWN GREEK DEBT 

And ES once again, I'll never tire of looking at a chart like this... 

Not only did we get a positive divergence at the afternoon lows, but a negative divergence(distribution) in after hours at the HIGHS!  I'm guessing this information was leaked, ES was run up and they sold in to that run up. Without 3C you'd never know this was coming.

BEAUTIFUL!!!