Opening Indications

Well last night it was apparent the Q's would at least try for a gap fill or as much as they can get, the overall bias in early trade is definitely on the negative side. This early bias is not as apparent in ES futures, but in NASDAQ futures it is.

 DIA 1 min intraday turning negative...

 The divergence hasn't hit the 2 min chart yet, but I have a gut feeling it will.

 IWM 1 min is just slightly negative here.

 The 2 min has a relative negative, all in all it looks ok, but you have to take it within the context of the whole.

 QQQ 5 min chart shows a strong, early positive divergence at the gap down sending the Q's higher off the open...

 However even that is fading as the 1 min chart loses momentum, it could lead to a consolidation, but I'd be careful.

 The SPY 1 min is negative..

And that has followed through to the 2 min.

Interesting early indications, I'd like to see what they look like in 30 minutes.