Thursday, November 3, 2011

No Changes in ES

When I first showed you 3C on ES I warned there would be a learning curve, but I quickly realized that the 1 min hart at least, has been very reliable.

Here's the current ES
The run up premarket saw a negative divergence sending ES lower in to the a.m. lows, there was a positive divergence at those lows (not marked) and since a long running negative divergence that is now leading negative, I would expect the ES (S&P E-Mini Futures Contracts) to lead the market and continue with the high degree of accuracy that they have shown.

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