Tuesday, November 1, 2011

After Hours ES

I am sure happy to 3C/ES back up.
1) Pre-market positive divergence sends ES higher off the open
2)negative divergence at important resistance sends ES lower
3) Before the Greek-no referendum announcement, 3C accumulates sending ES higher to resistance again
4) a negative divergence sends ES lower in to the close
5) The EOD lows are accumulated and ES moves higher in after hours
6) a negative divergence on the after hours highs starts sending ES lower, there's a continued leading negative divergence, I would expect more ES downside on this leg.

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