As for currencies, the USD/JPY carry cost that fell dramatically overnight to lift futures is now starting to turn the other way. The EUR/USD could offer some support to the market short term, it looks better, but still not quite there.
USD/JPY headed higher all night and early morning lifting futures, around 11:30 the pair lost upside momentum and most market averages stalled out on the upside at the same time.
The EUR/USD 1 min is still making moves toward more and more powerful positive divergences.
ES 1 min has been largely negative, but is showing a faint positive divergence now.
ES 5 min is still in line
NQ 1 min is clearly negative intraday
The 5 min NQ chart is still in line
TF 1 min is now in line after being quite negative all day
TF 5 min is a little better than in line currently.
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