Pre-Market

Well that  R2K triangle that most of last night's post was centered on is certainly seeing the break above that was proposed.

As far as FX carry trades, nothing looks very interesting except the AUD/JPY, but it looks like it's losing some steam, if it does as I suspect it will, we'll see what that does for the market after a pretty nice overnight session.

Nothing among the immediate Index futures is sticking out of place, although where the probabilities are higher nothing has much changed there either so I'll still be looking for signs of a false or real breakout, based on all the data from yesterday I expected a breakout from the triangle which we have, I also expect it will give signals of failing based on the data in place, that will be key to setting up positions.

AUD/JPY, the first divergence topped it, we now have a second in place.

 TF/R2K overnight futures 1 min in line

The 5 min is where the problems start.

ES 1 min overnight in now in line

30 min where they continue and a bit beyond.