Opening Indications

There aren't really any surprises, the signals the last three days have been negative in the afternoon, a unique feature of 3C or at least of what 3C shows us in the market, is whatever was planned the day before (no matter what happens overnight), you can rely on that signal playing out the next day, even over weekends.

So the last 3 afternoons have shown negative divergences and the last 3 openings have shown the market weak in a.m. trade as was suggested in the inrtraday 3C signals the afternoon before, today is just a 3rd day of that.

There are some "slight" signs of a little momentum loss or very slight positives developing mostly in the IWM and DIA, but nothing even close to being worth taking action on.

 The DIA's afternoon intraday weakness yesterday and this morning's price weakness on a 2 min chart.

The 1 min shows the same, but with a very slight positive and this is even more slight considering it's on a 1 min chart so I'm not paying much attention to this right now.

IWM 3 min showing the negatives rolling from Wednesday afternoon to Thursday afternoon with price weakness Thursday and Friday morning.

This 1 min IWM chart is the closest thing to a positive in the averages.

QQQ 1 min 3C weakness yesterday afternoon (other timeframes as well) and price weakness in yellow this morning.

SPY 3C weakness Wednesday afternoon, price weakness off yesterday's opening gap, yesterday afternoon 23C weakness and this morning's price weakness, nothing to see here yet as the signals from the afternoon still dominate morning trade.

A cleaner trend of 3C afternoon weakness and this morning's price weakness.

CONTEXT is positive by something like 8 points, also the SPY arbitrage is positive, I suppose that is from early TLT weakness which I have expected to materialize in the short term as signals have developed there the last few days and probably helped by HYG at least holding its ground for the most part.

This is what we expected since yesterday afternoon so we can't really complain, just look for opportunities, signs that a window of opportunity will emerge and stay patient. The slightly longer charts that have also been correct about what to expect after a.m. weakness have also been right on and I showed you the multiple signals and leading indicators, it may just take a bit longer on an op-ex pin Friday, typically around 2 p.m. the market frees up from the pin.