It's way to early for opening indications, but...

I thought the degree to which the SPY and QQQ failed to confirm the gap up this morning would be a good lesson for reading intraday 3C charts, the failure to confirm means, well basically money didn't follow enthusiasm, at least so far. It's more likely money came out on enthusiasm.

 This is one of those moments when the market is moving faster than can be posted, the Q's were at support of yesterday's close, they have already broken that level since this capture a few minutes ago.

The SPY hasn't broken below yesterday's close yet, but is lower than seen here.

The point is the fastest chart, the 1 min should confirm the gap up if it will hold, this can't be taken as a longer term indication, except the early tone it sets as this is an intraday chart, but what it shows is the gap being sold, however if you noticed the ES and NQ charts posted in the Overnight update, they warned of the same thing.

For now we are back to good news is bad news as the fear of the punchbowl being taken away rises, there's already quite a few F_E_D members who want to do it sooner than later and today's jobs report just gives them more ammunition in the debate, that is what the market is responding to.