Thursday, October 13, 2011

Want to see what's happening in AH?

3C continues to predict trade even in AH on the SPY and E-Minis

 Here's SPY After Hours trade and 3C on a 1 min basis. The darker area is the regular market hours-this shows mostly the afternoon trade and the light grey is after hours, the blue line is 3C. 3C went negative during regular trade, sending the SPY lower  toward the close (first red arrow) and in AH, the SPY moved up right after the close; 3C was still negative and SPY pulled back in AH, now there's a slight positive divergence that should send AH trade a little higher-it's actually still developing.

 In ES trade, this is the 1 min chart during market hours -the white box is where 3C made a positive divergence and ES took off from there, then 3C topped and moved lower. The market topped after that and dropped a bit, in AH it made another attempt to bounce (too the far right), 3C is still negative and that bounce pulled back and continues to.

Here's ES 5 min during the day, the white line is 4 pm, 3C is making lower highs and the rally today pulls back as well as the attempt in to AH.

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