Wednesday, November 23, 2011

ES Update

And here comes the volatility...
3C/ES shows roughly the same negative divergences as the SPY did, no accumulation on that move up on volume and interestingly ES has some ugly downside price movement which is even contradicting the Euro as you can see in the very bottom window, the correlation went negative meaning that even as the Euro was rising during that short period, ES was seeing some nasty downward movement.

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