We have some intraday positive divergences in all of the major averages, but they're still in the 1-2 minute range which really looks more like an intraday bounce from the early afternoon decline.
Inces futures are about the same. I think what the USD/JPY does here will be important, if it fails as $USD 3C charts are starting to look like, unless another lever like HYG takes over, the market is going to have trouble holding bounce gains, much less putting in our head fake move.
This at least gives me some time to go through the watchlist and find any potential candidates here and now.
5 years ago
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