Market Update

This morning's run to the downside created some space and resolved a few issues with the Yen and $USD, there's a decent positive divegrence now in all of the averages and pretty much in all of the Index futures with a little softness in NQ (NASDAQ 100 futures).

I suspect we'll see a move up soon, before the close, but I'll post charts as soon as I publish this.

Also the Yen 5 min is extremely negative now and the intraday 1 min is turning (negative) so it should lead to the 5 min negative Yen chart coming in to play which would help lift USD/JPY and Index futures (market). The $USD 1 min is more or less in line as it trends a bit lower, the 5 min chart looks better than yesterday for the $USDX, but still no where near a positive divegrence,

I suspect, we might have enough momentum with the Yen move lower alone to try USD/JPY $102 one more time.

TICK data has also gone positive.

This is what I want to short in to, so I'll be looking at positions that may make some sense.

Don't forget we may also be setting up for tomorrow's options expiration maximum pain pin, which typically opens on Friday and stays close to the open , right about where Thursday closed until about 2 p.m.

Charts coming....