Thursday, June 28, 2012

ES Update

The leading positive divergence on the 1 min timeframe in ES is almost silly...

 Note first it went positive as ES was flat, then started leading while ES was still flat, now ES is responding a little to the divergence. To give you an idea of the scale of the divergence...

This is overnight to present in ES with the European market open at 3 a.m. EDT marked with a green arrow, 3C for ES is  higher than it has been all night or about as high as the highest reading when ES was about 14-15 points higher

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