Other than some Italian politics, there weren't any huge overnight catalysts or events, however as mentioned yesterday (and the day before) when I said that this market was just being manipulated higher, to expect it, but don't expect it to last as there's no fundamentals backing it up and 3C is showing clear selling in to the move.
Looking at the futures, we are getting some serious movement, the kind you take action on so we'll be looking at that today, but I'd glad to have opened the QQQ April put yesterday, I suspect there will be more today.
ES-S&P Futures with a positive divergence right on the open -1 min.
Here's the real trouble though, as I explained yesterday, we need price to move higher and the 5 min chart to move lower, there it is.
1 min NASDAQ futures, positive right on the open.
Again, the 5 min chart is where it really matters, this is the negative divergence we are looking for as far as the Put positions go, lets just find the best tactical intraday spot.
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