Wednesday, August 1, 2012

ES Update

I wouldn't call this the "knee jerk reaction" yet, we'll see in to the close. The bigger call is the move down. Here's ES and CONTEXT followed by the 1/2 min market charts.


 There's a small positive divergence in ES, not the same size as the negative.

 CONTEXT is very close to neutral

 DIA 1 min

 IWM 1 min

 QQQ 1 min

SPY 1 min

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