The IWM, QQQ, SPY and Index Futures all have slight negative intraday divergences.
I believe this is because the Yen has a positive and the $USD a negative which means the risk carry pair of USD/JPY is likely to fall and the market moves in the same direction.
It is very early by intraday market trend standards, we can go a lot of ways with this much time left, but I'd watch the NYSE intraday tick and its trend for reversals intraday, I think we get something here and we need it to see if the market accumulates lower prices/pullback or not.
5 years ago
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