ES After Hours Pullback

I'm guessing the after hours market session will look negative based on the ES chart, however this is a near term divergence and a lot happens overnight, just thought this might be useful in understanding After Hours (Market-not ES, as ES trades all night) trade.

ES 1 min

While I'm at it, I might as well give you the full perspective in ES.

 ES 5 min shows a much more positive trend, it's leading strongly, this is where you compare two relative point, the high at the left of the chart and 3C's position compared to the present will give you an idea of the strength of the divergence. ES timeframes tend to be a bit different, the 5 min would be closer to a 15 min in the normal market 3C charts.

 Here's another, 60 min ES, again compare the 2 relative points and where price and 3C were/are.

This is the weekly for the long term perspective, the 2011 top had quite an extreme negative signal which brought us down to the Aug. 2011 lows, price is higher than the 2011 top, 3C is leading negative as it is lower.

This may also be interesting...

ES's VWAP for today

Note pre-market ES was trading under the VWAP, if you look at the first chart above you'll see a positive divergence/accumulation, as ES touched the two standard deviation lower channel. During market hours ES stayed in the upper channel, above VWAP except for a brief time where volume spiked. Although today didn't seem like a monster strong day, ES in the top channel of VWAP all day is quite strong.

Also...

There's not enough time that has passed by for a daily ES Bollinger Band study, but hourly, when an average walks the lower or upper bands, that signals very strong momentum, there's a clear shift from walking the lower bands to now walking the upper band.