Intraday Update (Index Futures)

Since before the cash open ES has been in the worst shape, NQ and TF (NASDAQ 100 and Russell 2000) futures were in line, NQ went negative shortly after the open and TF followed a bit after.

They remain in negative divergences that are worsening, I think if I were to play a fade (short) trade, I'd be looking at entries here if I wasn't already in, however I'd allow more than just a day trade, I'd allow room for it to go in to tomorrow as well.

 ES/SPX continuing negative and hasn't left the range from pre-market as it was already negatively divergent.

 NQ/NDX Futures in line overnight, negative in to the cash open and growing worse.

TF/Russell 2000 futures in line overnight and the last to turn negative, but not surprisingly given intraday's lack of breadth.

Unlike virtually every other day when there's at least some trend with prices, even small ones, there's no trend today in NYSE TICK save for lateral/sideways. The real trouble however is the tight TICK range of around +500, a very low reading and -600 on the downside, a tight, intraday breadth trend, one you would suspect would form something like an indecision candle such as a Doji Star, not one you'd expect to be able to support a larger index (in terms of component stocks) like the Russell 2000 as the overall trend is flat, but with a bias of more stocks declining than advancing, a ginger bread house.