Thursday, October 27, 2011

ES Update

The DOW-30 is still lagging by 50% compared to EUR/$USD correlations.

Here's ES Futures for the S&P
A negative opening divergence led to the steepest decline of the last 14 hours or so (as far back as I checked) and a positive divergence sent ES higher. That has turned negative and then leading negative, we'll see if price follows, but so far it's been pretty reliable.

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