Friday, August 31, 2012

S&P/NASDAQ Futures

A quick look, this is a very fast moving market, the knee jerk effect was in full force, it still may be.

 ES leading negative 1 min

 The ES 5 min chart may have enough support left in it that we see more of this volatile up and down.

There are a lot of confirming charts to check.

NASDAQ Futures leading negative, there was no positive divergence at the lows that bounced back up, this is pure knee jerk effect of the F_E_D as always

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