Thursday, July 12, 2012

Fade of the gap starting...?

It looks that way. Early confirmation of the gap down wasn't there in 4 of 5 of the major averages including ES. AS the ROC slowed and momentum fell off, the positive divergence started to grow on the 1 min, here's an example...

 1 min ROC on the QQQ going positive

QQQ 1 min 3C (best used for very early trade) leading positive.

I want to take a look at the risk asset layout earlier than I normally would, but I'm interested in what may have or maybe did not occur there overnight.


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