Pre-Market

It was actually a fairly quiet overnight session compared to what's been going on this week especially in China with banking liquidity lock-ups.

In any case futures were pretty dead until about 7 a.m. when they just kind of took off.

Interestingly, in addition to the 3 F_E_D speakers we've already seen this week, today we will hear from another three,  Dudley, Lockhart and Powell, perhaps they continue to jawbone the market higher as suspected last Saturday, well that was just rumors in the WSJ I expected, not the surprise we got.

Here's what futures look like going in to the open.

 ES 1 min flat overnight, but in to a small triangle that broke out around 7 a.m., everything right now is inline.

NQ 1 min, is a bit different as it is inline, but with a larger relative negative divergence, these are the weakest form, but I figured since it has a different look I'd post it.

ES 5 min is in line, NQ looks exactly the same so it may be interesting with the F_E_D speakers today.