Index Futures

All 3 Index futures, (ES, NQ and TF =SPX, NDX, R2K) have significant intraday leading negative divergences, once again suggesting or at least increasing the probabilities of a failed breakout above the range, better known as a head fake.

Here's an example of the intraday ES (SPX futures) chart.

 ES/SP-500 1 min intraday futures going deeply negative and right where we'd want to see it for a fast, strong reversal to the downside (which is a move we expect to see accumulation, allowing us to set up some long swing trades or add to them).

And at the perfect time, the break above the range would be seen as a failed breakout and as we say, "From failed moves come fast moves"