Quick Market Upate

I'm just rebooting one of the charting platforms so screen captures are more timely, but I'll have charts up soon.

All of the averages have negative intraday divergences in them, not just small steering ones either, they look pretty large for intraday.

All of the Index futures also have intraday negative divergences in them, this would be consistent with the kind of second candle (reversal) day that we were talking about Friday as they require a gap up and a weak finish on the day.

Also the USD/JPY which has been driving since futures opened Sunday night has a negative divegrence. The Yen 1-5 min charts are in line, but the 15, 30 and 60 have very large positive divergences which suggest the path of highest probabilities for near term resolution of the 1-5 min charts will also be positive which is a negative for the carry trade pair and Index Futures.

The $USD's 1-5 min charts have negative divergences, the 15 min is about in line, but confirming the Yen, the 30 and 60 min are very negative in the $USDX, which also suggests that shorter term action resolve to the downside in USD/JPY and the Index futures have been following the carry pair, thus it's not good news for the market.

As I said, I'll have charts up in a moment as the program is rebooting now.

Going through the watchlists with a fine tooth comb here as well.