The US indices potential moves for today, May 8th, is the topic of this video.  Also, remember that President Trump will be announcing his decision on Iran this afternoon at 2pm (this was added to the report schedule).

US Indices Potential Moves for May 8th

The US indices potential moves for today may be bearish.  Yesterday was a bullish day as anticipated but the closing bars on most of the indices were weak.  Additionally, the Stochastics is overextended on a few of the indices indicating that the markets may have a bearish day.

Additionally, on two of the indices, there is a potential for hidden divergence to develop, if today ends up being a bearish day.  If bearish, a reversal bar to the downside would form confirming bearish hidden divergence.