Thursday, August 30, 2012

Pre-Open

First ES...
 ES dragging below the weekly VWAP all night, the yellow arrow is the European open.

 A relative positive divergence in ES.

Daily VWAP...

From looking at a lot of assets, stocks, ETF, gold, miners, etc, I believe we will see a pop up today, although it would seem we are set for a break down. In either case we are pretty well positioned for either move, but a pop up may allow some entries we've been holding out for.

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