So far on the opening indications, it's a mixed bag, but definitely leaning toward more averages not confirming the opening gap on the 1 and 2 min timeframes.
Tuesday, October 2, 2012
Bad News is Good News Again
Overnight the Australian Central Bank, RBA (Royal bank of Australia) cut their policy rate from 3.5% to 3.25% on the notion of a weaker near term outlook for China, this easing sent futures higher overnight as you can see below on the ES chart.
So far on the opening indications, it's a mixed bag, but definitely leaning toward more averages not confirming the opening gap on the 1 and 2 min timeframes.
So far on the opening indications, it's a mixed bag, but definitely leaning toward more averages not confirming the opening gap on the 1 and 2 min timeframes.
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