Quick Futures Update

Here's a quick look at ES/SPX E-mini Futures.

 The 1 min intraday ES chart still very much has that look of churning while 3C fails to confirm any upside since the F_O_M_C, which with such dovish tone is very surprising.

The ES 5 min or the chart that essentially is my minimum divergence for a trade, for example VXX long which moves opposite the market. This isn't a huge leading negative divergence but it put in a new lower low and it moves quite a bit overnight and just generally is capable of moving quite quickly.

The chart I use more for trends such as "we're going to see a bounce this week", the 10 min ES is also showing a leading positive divergence in what would be a counter trend bounce.

These counter trend bounces can really move, they can be quite impressive, but they also can fail pretty quickly without decent support and these charts are NOT showing decent support.