However we are going in to the most important hour of trade, so we'll want to pay attention, but at this point, just as with USO, I view any market bounce as an opportunity, not a reason for concern.
Monday, November 21, 2011
ES 3C indications
The 3C ES chart is inline with what we just saw on the market updates.
ES shows the earlier positive divergence as the intraday Inverse Head and Shoulders formed. Recently, like all of the major averages, 3 for ES has shown a negative divergence.
However we are going in to the most important hour of trade, so we'll want to pay attention, but at this point, just as with USO, I view any market bounce as an opportunity, not a reason for concern.
However we are going in to the most important hour of trade, so we'll want to pay attention, but at this point, just as with USO, I view any market bounce as an opportunity, not a reason for concern.
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