Opening Indications confirm what I saw in opening ES and NQ charts, not a lot of initial strength on the open, none of the 4 major averages confirmed the move up this morning so I'd probably expect a little early softness in the market, but that should change, at least we should see more volatility in to the 12:15 announcement.
I usually wait a little longer for opening indications, give the charts a chance to catch up with the average, but in this case I could see right away it wouldn't matter with any more time.
A quick look...
I included AAPL just because, it didn't confirm, this is not an AAPL update, just a look at the opening non-confirmation making the downside from the open more probable.
Same with the DIA, no confirmation, not even close
The IWM was the closest to confirmation, but it fell a bit short, this one may be worth watching to buck the overall early tone.
QQQ not even close
SPY not even close.
So we'll see where the market and the signals take us from here.
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