Futures aiming for an upside open. Overseas market opened to the upside. Currencies are up.
Indexes overall in a trading range but showing some signs of a possible short term correction. Weak volume. Downside price action is somewhat weak and methodical. None of the market participants, HFT’s, small funds, or pro traders are not showing much downside trading activity. The large institutions, the largest market participants are sidelined. They control about 70% of all price action which is why we see the pause here.