Wednesday, October 12, 2011

Today's ES Action

This goes under the heading, "Furthermore".

3C 5 min on ES (Black is market hours) there was a clear 3C negative divergence in E-minis today as you can see in some detail.


The 15 min chart doesn't have as much detail, but also shows a negative divergence during market hours on ES. Wall Street knew where this market was going today long before any stories came out at 3 p.m.-that's distribution in to strength.

No comments: