Not that the Chicago Fed data was any good at 8:30 this morning, but it didn't take long to figure out what really moved the market at 8:30, especially NASDAQ Futures (NQ)...
ES Futures as posted last night with a negative leading divergence in 3C around 11 p.m.
ES futures now with last night's leading negative 3C divergence to the far left, all night and in to the a.m. ES's move lower was confirmed (green arrow), now there's a relative positive divergence starting to build in, however note the 8:30 time frame when the Chicago F_E_D came out...
Now look at NASDAQ futures at 8:30 when AAPL weekend Iphone sales came out, 5 mm units sold on a whisper number of 10 mm units. We do have a relative positive divergence here after the dump so a bounce soon wouldn't be surprising-in AAPL and the market.
As for AAPL, its off -2.57% in pre-market at $682.10.
As I was talking to others about the phone this weekend, all agreed, AAPL's handset went from revolutionary to evolutionary and we're all taking a closer look at Samsung's Galaxy, I think we're not the only ones.
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