Index Futures

Although a head fake move as warned last Friday above a range that has been in effect nearly all of 2015 was probable, today's move was pulled off not on market fundamentals, not even news, not the USD/JPY or any other JPY carry trade as the BOJ is indeed hawkish, not on treasuries, but on the record Net Spec VIxX long positioning which was monkey hammered today.

Intraday the Averages /Index futures were managed well via intraday steering divergences, but there's quite a bit more to this story than meets the eye which I'll be posting in the Daily Wrap, but for now, the well managed steering divergences of intraday charts are giving a different signal since the cash close, we'll see how they develop, according to leading indicators, currencies, treasuries, etc., it looks and smells like a perfect head fake move which is one reason I decided to dip the toes in an AAPL put today.

As for the Index futures right now which will be updated with the posting of the Daily Wrap later, here's what they look like after a day of nearly perfect in line signals.

 ES leading since the cash close (neg.)

TF starting to lead negative

And NQ leading negative.

If this were all there were, I'd probably post it and look in later on it, but there's much more which I'll post n the daily wrap soon.