Good Opening Confirmation

Ironically, a lot of the confirmation this morning on the open (I usually don't like early morning trade because of the games with retail limit/stop orders, but this appears to be different as it's an unexpected move for most of the market) was due to yesterday's late day movement, some were positive divergences that picked up where they left off, some were in positive position to confirm.

 SPY longer term was in very positive position so this morning's move would be in line with the divergence it has created.

Here's an example of picking up where we left off in the QQQ on a positive divergence through the flat range yesterday.

And here's that late day movement in the market/IWM that went positive and made it easy to confirm this morning.

VXX- as I said yesterday, "I wouldn't have entered if I didn't see something", has a leading negative divegrence from yesterday alone which it has made good on this morning.

 HYG also saw late day movement as I mentioned yesterday afternoon to the upside making it easy to confirm, but there's also a larger positive in place...

HYG same chart with a wider zoom.

So far, so good, at least we have some movement again and as I said yesterday, it seemed like they were keeping the market at the starting block for this morning, it obviously WASN"T THE ECB they were waiting on.