The overnight divergences in many case grew a bit deeper, moving to some 15 min charts, even with price performing well, but that's uusually the path of distribution, selling IN TO higher prices.
Here's ES and TF
ES 15 min chart is now showing migration of the negative overnight divergence, still regular hours data is more compelling.
The same happened with Russell 2000 Futures.
As I said last night, currencies moved too, the $USD 5 min futures above with a leading positive after yesterday's collapse.
And the 5 min Euro negative after it gained ground as the previous night's analysis suggested even before yesterday's regular hours got under way.
Here's Gold...
Gold futures overnight, Silver looks a little better.
The 10-year Treasury futures look even worse in their negative divergence overnight as they gained ground yesterday, however the 30 seem to look better once again.
It's regular hours data I'm looking for, that said, limit orders "should" send early trade higher, so as a.m. trade cools off, we'll see what kind of data we get, should be interesting.
Initial Claims failed to move the market again for a second week as there was ANOTHER computer glitch with 2 states worth of data making the entire process meaningless.
At 10 a.m. we have the Philly F_E_D.
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