Thursday, May 10, 2012

ES Update

ES looks interesting tonight,

First, ES never went negative at the JPM debacle (yellow box), second it has found a floor as like last night before ES ran up, there's a 3C positive divergence, leading positive that hit new highs for the day.

Additionally, CONTEXT's model is building, basically ES is undervalued compared to the model.

I don't think the excitement is over just quite yet.

5 hours before Europe opens.


No comments: