Truth

Three's a saying, "Truth is true", despite all of the negative signals yesterday, there were enough red flags that we didn't go for the bait, you know what I think clearly from the last two days' posts as well as months of F_E_D commentary, but look at this, talk about brazen and then see the next chart and lets see if I'm right about how the market reacts when they realize this means the F_E_D is withdrawing support.

 ES 1 min shows quite a bit of accumulation overnight in to the NFP.

 However the 5 min chart shows strong distribution, interesting huh?

NQ 1 min shows it even more clear.

And even TF 1 min, we also have a negative divergence starting in Russell 2000 futures, still I'd let a.m. trade cool off for a bit first.