Monday, July 23, 2012

ES Update

Here's ES for today

 ES going positive at the lows right after the open and going negative at the highs near the close.

 ES walked the lower band or standard deviation of VWAP almost perfectly most of the night and broke through VWAP during regular hours, finding resistance at the upper standard deviation.

Since about 1:45 the CONTEXT ES model has diverged negatively and substantially from ES itself.it almost looks as if the SPX was destined to just make it inside the flag today.

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