Monday, June 10, 2013

Pre-Market

The only thing I see this morning of significance was the recent US upgrade by S&P from Outlook Negative to Stable, this sent futures a bit higher, but as far as the market is concerned, this just helps Bennie exit or taper QE faster so I don't think the market will like it and today's the day for that. Here's the Index averages on the S&P news and overnight.

 3C 1 min  for ES went negative on the S&P news this morning.

 This is NQ (NASDAQ 100 futures) overnight since the week's open last night with a decent negative divergence suggesting some downside today.

And Russell 2000 futures with a negative divergence on the S&P news.

I'll keep an eye on the USD/JPY as well.

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