Tuesday, May 15, 2012

Opening Action

The first update this morning showed ES largely trading in line with 3C (price confirmation), however there was a negative divergence forming, the chart looked like this...

 First ES Update this a.m. pre-market with a leading negative divergence developing

That leading negative turned in to a larger divergence at the 8:30-ish move just before the ES dump, there's a relative positive divergence at the open, it's not huge, but it's a start.


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