Thursday, August 30, 2012

NASDAQ Futures

I haven't used 3C on NASDAQ Futures, but another member has and sent me some charts that were in line with what I've been thinking for near term, so maybe we'll be looking more at NASDAQ short term futures.

Here are the NQ and QQQ indications.

 Here are the 1 min NQ (NASDAQ Futures).

 The 2 min QQQ

 3 min QQQ

 and 5 min QQQ

Bigger picture, the 30 min QQQ leading negative, this may seem a little confusing, but we are just looking at different timeframe trends from short term timeframe (volatility) to longer term timeframes, trends.

This also seems to fit well with the VIX and shorter term VIX futures as well as several moves in the market and some key NASDAQ stocks such as AAPL just breaking below an intraday support level which sounds bearish, but it creates short term supply that can be absorbed. The BIDU intraday chart has the bear flag on it, yet the short term weekly calls are now at a 36% gain.

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