Leading Indicators

 Yields look like they are in line with the SPX (always green unless otherwise noted) intraday, but back out to include yesterday...

 Nope, Yields are significantly lower within the context of intraday trade and a pullback, Yields act like a magnet and equities are drawn to them.

 While not a huge signal, the $AUD is a good leading currency and it has broken off with the SPX,

 The Euro is a good confirmation currency, note it did not confirm the open and sent the market lower, it's not doing much very interesting right now.

 High Yield Corp. Credit is interesting in that it is hanging in there pretty well, like Junk Credit below.

 JUNK, however just like yesterday, these two are off on their own vs High Yield Credit...

This is the second day HY Credit has been at a negative divergence-like yields.

The closing levels are what are important, but anyone of these can be watched for clues: the $AUD/FXA, the EUR/USD, DHY for HY Credit, etc. Look for divergences that standout, they often lead the market.