Tuesday, April 16, 2013

Pre-Market Futures Last Night Told the Story

I'm not even very concerned with news from last night, although there were some notable events, but the reason why is some currencies that needed to moves, that my post last night suggested would move, went ahead and moved despite economic news that would normally not only keep them from making the move, but would have sent them in the opposite direction.

In essence, what needed to happen in currencies to help the market happened, even if the news would have otherwise prevented it and our charts/update from last night predicted it.

First the currencies


 AUD 15 min went positive at 4:30 p.m. yesterday and went higher all night.

 AUD 1 min the 1 min shows an intraday negative divergence going in to the open


 Euro 1 min went positive at 10 pm last night, went negative at 2:30 a.m. and 3:30 a.m. and positive again at 5 a.m. and just went negative in premarket.


 USD 15 min fell all night from a negative divergence at 5 a.m.

 USD 1 min is going positive in to pre-market

 Yen 15 min went negative and fell all morning at 4:30 a.m.

Yen 1 min is going positive in to pre-market

Equity Index Futures

 ES 15 min went positive just before midnight and at 5 a.m. and lifted from there


 ES 5 min had a smaller negative at 3:30 a.m.

 ES 1 min and is going intraday negative in to pre-market

 NQ 5 min went negative around midnight and 3 a.m. and positive at 5 a, and lifted from there.

 NQ 1 min is going intraday negative in to premarket

 TF 1 min went negative at 1 a.m. and 3 a.m. and positive at 5 a.m, and lifted 

 Gold 5 min worked on a positive divergence most of yesterday, it finally turned up about 10:30 last night and lifted all night, it's going negative intraday in to pre-market.

Silver 5 min worked on a positive divergence most of yesterday and went positive in price around 10:30 pm and lifter most of the morning and is going intraday negative in to the open.

Basically everything that needed to happen on a bigger scale to support the market, the Yen and $USD fall and Euro and $AUD rise , all happened.

Equity Index futures took advantage and did the same at virtually the EXACT same times. 5a.m. figures very prominently. 

The fall in $USD helped Gold and Silver overnight.

The premarket negative divergences in risk assets including precious metals and Equity Index futures, may be nothing, but it may lead to the pullback/consolidation that I said I'd like to see yesterday for a healthier move.

Just remember the correlations, falling Yen and $USD helps the market as well as a rising Euro and AUD.

Falling $USD helps Gold and Silver and vice-versa for all mentioned above.

It worked perfectly!

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