It's still a bit early, but so far the open is exactly what we expected yesterday, early strength-how far that strength can carry is another matter. I'm not a huge fan of early trade for analytical purposes as there are a lot of games in early trade mostly centered around taking out pre-market positions and orders placed by people who have regular jobs.
So far this is what we have...
The 2 min SPY is leading negative, intraday inline so a pretty negative position overall, remember the positive divergence was 1 min charts only.
The SPY 1 min in line intraday
Yesterday's SPY 1 min positive divergence hinting at a positive open this morning.
As for other averages, both ES and especially NQ are negative intraday so far. The DIA is just starting to turn slightly negative intraday (1 min), the IWM is similar to the DIA and the QQQ is in line, but may put in a 1 min positive divergence.
Essentially, a bowl of mixed nuts. I'd give it a little time for a.m. trade to pass around 10:30-11:00 and see what we have then.
DE is offering a slightly better entry than yesterday, I'll wait on that a bit though and see how the charts are shaping up, see if there's more upside or if it really starts falling apart.
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