Thursday, March 29, 2012

ES After Hours Update

After this afternoon's positive divergence in ES mentioned in this post at 12:42 p.m. ,

" I suspect this is probably a good timing signal for a move higher "


The move up started right after that post in ES as well as the broad market. ES started to go negative, suggesting some distribution/profit taking. However in After hour that divergence has really deepened and I suspect we will see some downside in ES shortly.

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