Wednesday, August 15, 2012

Quick Market Update

As mentioned earlier, we went from VERY mushy, weak signals to improving, solid signals that were negative, that trend has continued and the DIA which had been the strongest looking is now solid in signals.

I don't have time to post all of the charts, but this is the first move in ES so it should help understand what's going on with the averages.

As we have discussed before, ES 3C signals seem to be stronger than market average 3C signals. ES is now leading negative with the first really solid signal in ES other than the relative negative from pre-market.

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