Index Futures Like Last Week

Again the negative divergences in Index futures, especially the ones I require to be divergence for a trade, the 5 min at least and the 7 min, are pressingly negative and in some very real ways, deeply leading negative just as they were in to Sunday night's open and drop as well as Monday morning's cash open and severe drop to an oversold status in about 30 minutes that the market has barely worked off the rest of the week, the IWM, Transports & the NDX 100 still below Friday's close, with the SPX bare above, just about dead even, after Monday's downside, it has taken all week to repair and in some cases not even repair the damage done in 30 minutes or so.

Again those same divergences are in place. With the larger picture divergences shown again last night, I don't know how anyone could possibly ignore them unless they haven't seen the ability of Leading Indicators to give signals, in this case they are literally off the charts, larger than seen previously.

I'll remain short, remain patient and add where possible when possible.

More to come...