Index Futures Update

The reason I include these is if you look at the last part of my Thursday analysis or the Gist I provided , you'll see one of the important pieces of my analysis that suggested a "Mini bump or cycle" was the 5 min Index Futures charts as they had a positive divegrence, here it is from the actual post.

"I also have 5 min positives in the Index futures so I'm thinking  SOME UPSIDE FROM HERE IS HIGHER PROBABILITY, BUT THE LEVEL OF DAMAGE IN THE MARKET CANNOT BE OVERSTATED. "

If it holds to reason that a 5 min positive in the Index futures is likely to cause upside, then a 5 min negative that has been developing in the futures this week, must have equal weight when considering the downside.

 ES / SPX Futures5 min leading negative

NQ / NASDAQ 100 futures relative negative

TF / Russell 2000 futures leading negative.

Beyond that, all of the averages have this 1 hour chart that covers the 10/9 cycle to present.

60 min NQ leading negative 3C divegrence.

Really it doesn't matter if it's a 30 min, 60 min or 4 hour chart, they are all falling apart.

The bottom line is the 3C signals in Index futures are really living up to, "THE LEVEL OF DAMAGE IN THE MARKET CANNOT BE OVERSTATED. "