Wednesday, July 18, 2012

ES Hinting at Reversal

ES as well as CONTEXT are both looking like a reversal is in the cards intraday. Most of the intraday 3C charts for the major averages are also failing to lend support/confirmation to this move.

 ES is seeing the first serious looking negative intraday 1 min divergence.


While CONTEXT below shows virtually this entire move up not supported at all by the model.




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