Very Early Opening Indications

There's a reason I usually wait until 10-10:30 to post opening indications, it's a new day, there's new movement and the indicators have to catch up at least 30 bars or so initially, for a 1 min chart that puts the time around 10:00 a.m.

However this morning there's an obvious move in one of the averages that is looking pretty good, you might have guessed which one as it's been the subject of a lot of posts the last few days, the QQQ.

I'll show you the DIA, SPY and QQQ. The DIA is slightly off, the SPY is moving toward opening confirmation, but probably just needs a little more time, but the QQQ hit confirmation almost immediately. This is a good start for the Q's, we'll see if it can maintain this momentum through the early a.m. trade.

 DIA is slightly negative her on the move up, but it still needs the benefit of some time.

 The SPY is moving toward confirmation, I would guess it will make it soon.

The QQQ though hit it almost immediately, this is a sign of some early strength.