Market Update-

There's now some moderation, early in pre-mrket the intraday charts were positive, as they moved to fill the gaps they went in to negative positions and now they are holding somewhere right in the middle, but again I stress this is only intraday movements, I'm checking the longer timeframe signals now as we start to move out of the a.m. trading session that is filled with noise. I'm also showing you the Yen, which is holding its ground remarkably well, rather than moving lower (which is market supportive). While this is a very young change in character, it is a significant one being the Yen has been trending down (market supportive) since September.

 ES 1 min intraday chart has moderated at the white trendline, I don't find this too surprising given the pre-market positive divergence was fairly decent size.

 NQ is also holding up better here after the initial pullback this morning

 And Russell futures looking similar intraday.

The Yen futures.

As you can see, price has held steady all night, moving sideways rather than down (which is market supportive), the 5 min chart's positive divergence strongly hints at the Yen moving higher from here which would pressure the market.

I'm going to run through several different asset classes and see how things are looking.