Unusual Market Activity-I Wonder Why...

We've seen some slightly unusual market activity as of earlier today with USD/JPY sponsoring ES / SPX futures with a divergence to run up USD/JPY about 4-5 hours before the US cash open.

Additional strange elements today have included the fact that THERE HAS BEEN NO POSITIVE DIVERGENCE ON ITS OWN TO LIFT THE MARKET, HASN'T BEEN ALL WEEK, MAYBE LONGER.

Then some strange 3C charts, such as...

 This intraday move looks a bit suspicious off a divergence so small. You may recall what I said yesterday in the Daily Wrap, after the close I'll pull the exact text but the gist was, "There's really no support for an SPX breakout, yet the concept of a head fake move is so strong, I believe they'll find some lever to make it happen.

The move is also highly suspect when it comes, which is close, as a head fake move/bull trap.

Last night's comments could not have been more appropriate or timely.

Other strange charts...

 This odd 3 min SPY leading positive, but it has no process whatsoever, no divergence earlier, it looks like someone has simply push cash in to the effort of creating the SPX breakout.

Intraday Index futures are more or less in line/confirmation, however one of the few people I follow on Twitter, Eric Scott Hunsader of NANEX confirmed "Odd behavior " in the E-mini contract for about an hour around noon time.

There have been even odder charts and while new members may not recognize them as unusual, most of you likely will. Tell me, when is the last time we saw a divergence like this...

 A 5 min leading divergence in IWM with no intraday charts migrating to it and on such a small dip intraday. The first divergence at the white arrow is believable, the second that is leading is highly unusual.

The same chart without my scribble...

IWM 5 min and realize that the overall chart is in a leading negative position.

Why? Exactly as was said last night, I don't know how they'll find the market strength to pull it off because it's not there, but the concept is so strong, it's high probability...

SPX daily...

And that's what it's all about.

However keep in mind that in to this probable breakout/head fake move, Protection is seriously bid a posted yesterday and continued today.

You are seeing market manipulation at its finest, I'm sure NANES will put out a graphic on the spoofing and all the other stuff going on in the E-mini today. At least we are getting somewhere now, I doubt the market will be able to hold it long, lets see if retail bites.