A.M. Update

Good morning,

It seems everything we are expecting for at least the start of the coming week has come to pass overnight: Higher Index Futures, Flash Smash and Higher Crude Oil, Lower 30 year Bond and Lower Gold.

However it looks like Index futures will see some early weakness from present pre-market divergences, also as expected, our crude oil (USO ) calls should do well this week.

 ES futures up overnight, but in to a negative premarket divergence.

The same with TF/Russell 2000 futures.

And Q.

Crude sees a flash smash higher overnight (green arrows) started to pill back and is gathering another positive divegrence below it now.

30 year Treasury futures fell as expected, but showing an early positive divegrence, meaning early market weakness likely.

And gold fell overnight, but it too has a small early positive divegrence.

Everything we expected to happen has happened, but looks to pare back some of the gains/losses in early trade, which is also what we expected in early trade today.

We'll know more soon...Looks like a great start to the week!