ES Update

The ES 5 min chart just turned a lot uglier pretty quick while the Yen keeps recovering.

It's like two markets, the overnight and the regular hours, of course volumes are very different.

 The ES 5 min chart that was so useful last week going negative, but look at the leading negative since the open alone.

And what I suspected was a rounding bottom in the Yen, perhaps not a primary bottom, but sub-intermediate or even swing....

As is normally the case, the SPY picked up right where it left off Friday.

SPY Friday/Monday intraday from confirmation during the Op-Ex pin to a negative in the afternoon/close and so far this morning.

I'm not putting too much weight on these charts alone as it is morning trade and a Monday after a big headline (market) weekend, but you'll probably remember the tone and my feelings about the market later Friday as several new bearish positions were entered.