Wednesday, October 19, 2011

An Emma Update

 ES 5 min -so far there's a slight positive divergence that has sent  futures a little higher, still below the close with a current negative divergence that seems to have so far capped that positive divergence.

 Considering the Euro since the close at 20:00,  I'm surprised ES hasn't moved higher.

Here's a longer view of EUR/USD.

An even longer view that shows the entire rally makes the EUR look like a top.

So far I don't see any big news.

These are the futures as of 2:45 a.m.-Thanks again Emma!

In red are US markets, the NASDAQ looks the worst right now down -.95% with the Russell 2k -.76%, the Dow -.31% and S&P -.45%

See ya soon.

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