Futures Update

First since currencies seem to be moving the market and the EUR/USD looks like it's ready to move higher on a number of charts from the last post and since it is supportive for the market, we'll take a look at some FX single currency and pairs as well as the Index futures.

First single currency futures...

 Euro 1 min with a positive divergence

 Euro 5 min came out of a negative divergence, prices fell and now we have a 5 min positive divergence starting, being the 1 min is positive, I suspect this is notable.

 US Dollar Index Futures 1 min with a leading negative divergence

 USDX 5 min was in line with 3C down and then up for a short period, now it's leading negative

Looking at both single currency futures I'd expect the EUR/USD to be positive and see some gains shortly.

 The EUR/USD 1 min with a pretty large leading positive divergence.

 USD/JPY has a leading negative divergence, suggesting the pair heads lower.

 ES 1 min with a 1 min leading negative divergence, this is intraday and I doubt very much this holds up through the night.

 ES 5 min was in line (green) and now has a slight leading negative divergence, it could repair, but as of now it is starting to move negative.

 ES 15 min is pretty much in line, there is a hint of a slight negative starting.

 NQ 1 min was in line, it's seeing very volatile 3C movement, I'm not sure what will come from this.

 NQ 5 min is leading negative

 NQ 15 min is in line.

Remember I said the IWM looks like it could come in to rotation tomorrow?
Here are the R2K futures.

 TF 1 min is in line

 TF 5 min has a large relative positive divergence turned to a leading positive divergence.

TF 15 min is leading positive.

I'd say chances are VERY good the Russell 2000 / IWM performs well tomorrow