Pre-Market Futures

Good morning,

Overnight there wasn't much action in futures, a slow drift that last from the NY close to a few hours after the European open and as of now ES (S&P Futures) are at the same level they were at yesterday at 4 p.m., the market is set to open pretty flat.

 ES with a relative positive divergence, the green arrow is the European open.

NASDAQ futures look to have a slightly stronger positive divergence right now.

After moving lateral/flat overnight, the EUR/USD made one more parabolic spike.

For now this should be supportive of the market in the early going, but makes the EUR/USD move more suspect.

As I said yesterday, I think we have some more upside or at least some more time above the breakout level we were looking for from yesterday.