Pre-Market Futures

So far things look great for the Call options we opened late last week, as I mentioned last night, once a divergence is there, despite a 3-day weekend, it tends to work out and rarely fail, but also remember these were set up as shorter term trades, this is volatility and dangerous volatility at that, like I said last week, "psychological warfare" to make the longs keep buying the dips and shake off the shorts, it needs to be strong enough to be emotional, although there are far fewer shorts than bulls, sentiment has been overwhelmingly bullish which makes me feel good about our long term shorts.

Remember top stay nimble and don't swing for the fences with these hit and run trades, they are speculative at a time like this.
that being said, we look good for the open, but we do have negative divergences building in NASDAQ and R2K Futures (NQ and TF) so we may be in and out of some things today and perhaps back in.

The negatives building in NQ and TF... These are 1 min intraday charts.

 NQ 3C 1 min

TF 3C 1 min