A.M. Update

Good morning,

It looks like our overnight divergences played out and looking around this morning, I don't see the ramping lever other than short term Index futures are now in line and confirming price action rather than divergent.

 NASDAQ 100 futures from last night's tight range negative divegrence and down to in line or 3C price/trend confirmation.

 The USD/JPY made new lows and bottomed briefly around the European open, but just made a new low for the week moments ago.

The Yen continues to lead the USD/JPY lower and finally as I suspected...

The $USDX finally moved lower off its negative divegrence.

If there's to be a ramp, the only place I see the possibility is in the 1 min 30 year bond futures, they look as if they could pullback, but nothing glaring.

Gold also looks like it could head higher off the overnight work it has started.

More in a moment