Tuesday, June 5, 2012

ES Update

Since ES changed, I figured I'd update it...

The negative signal in the late afternoon has managed to work in to a positive signal and leading higher, it isn't at a leading divergence yet as it would need to pass above the a.m. high, but it's a change in character that came about pretty quick.

EUR/USD is still consolidating...

 However...

 There's already a 30 min Euro positive divergence in place and the 1 min trend seen above suggests the path of least resistance (along with the 30 min positive chart) is up.

The $USD below appears to be nearly the mirror opposite as it should for confirmation.


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