A fairly ordinary session on European and US markets overnight. The FTSE100 and DAX closed down 1.9 and 2% respectively in Europe. In the US the Dow Jones was down just over 1% and the Nasdaq down 1.6%. Gold was up and the AUD down. This saw our market lose ground in morning trade, down as much as 47 points at one stage. An afternoon rally saw the XJO bounce back to close just 14.2 points lower. This presents us with a Type-A divergence to keep an eye on and the index at minor support. We may see a bounce of some sort here or sideways congestion take shape. US futures are up a little at the time of writing but certainly not enough to get excited about for tomorrow at this stage. Individual stocks showing divergence setups were rare today and only once posted as a formal recommendation for aggressive traders.