I pointed this out in the last update specifically on ES, it didn't look like a big deal, but it is having an effect, as to how much of an effect (a temporary consolidation or something uglier), I don't know, but it's also now showing up in NASDAQ futures.
I'll update the market as soon as it loads as I was just capturing Risk Asset Layout charts.
3C on ES above should have been making a significant new high along the lines of price at the two relative highs, instead it made a slight lower low, however the rate of change was the most interesting thing, not the slight negative divergence.
As NASDAQ futures have seen 3C roaring all day, they also are showing a hiccup in the most recent 3C position or rate of change between the two most recent highs. in 3C, this is worse considering how much lower price was at 12 pm
No comments:
Post a Comment