Futures Update

The futures are all going negatively divergence intraday as they hit the highs for the new week, the IWM (TF-Russell 2000 futures)  in particular looks much weaker on a relative basis.
Most of the currencies on a short term basis look as I described in the Leading Indicators post, they are seeing short term intraday positive divergences trying to hold them up, but a  Currency I wrote about nearly a month ago as being a more important player than anyone realized at the time has proven that lately over and over again, the Yen does not look good for the market moving forward, a rising Yen is VERY market negative.

Yen with a VERY strong intraday leading positive divergence, the Yen should pop higher sooner, I can almost guarantee it will correspond with the market's move lower.

 ES (SPX futures) negative at highs for the new week and getting worse.

 NQ (NASDAQ 100 futures) intraday negative divergence negative 1 min at highs for the week, also getting worse.

 5 min NQ chart, more important and very negative, along the lines of last night's theory.

TF (Russell 2000 futures), 1 min intraday at highs for the week with the worst negative divergence and getting much worse.

I'd keep an eye on the TICK chart for a trend reversal and momentum indicators. For buying puts, you want to buy them in to upside momentum, not after a turn down.