Pre-Market Futures/FX

 The initial exuberance from last night's futures ramp has worn off and we're now only about a point above where we closed Friday, remember there was a pretty nasty negative divergence last night in the futures.

 There was the same negative divergence in the EUr/USD which had broke above $1.30, it's now back below.

 The carry pairs are also not happy this morning with the EUR/JPY losing ground

And the USD/JPY unable to break $95.

There is a positive divergence pre-market in ES so we may still go for the new SPX nominal highs, like I said Friday, "A shiny thin veneer with a lot of rot underneath".