US/Europe Divergence

Something to pay attention to:  The US is vastly underperforming the European market over the past 5 days.  This is not a good sign for the ES for the next few days, but it should be looked at as a positive in the intermediate term.  Europe looks like it has bottomed, Asia is in a bottoming process, and the US is the next one due.  The US market has been the strongest and they always get to the strongest markets last.  Perhaps some bad news out of Europe can be the catalyst for one final move lower to bottom.