Monday, October 22, 2012

Futures in to the open

This is what ES futures look like in to the open after a slow, steady climb from this week's open last night, ES Futures are almost exactly where they ended Friday at 4 pm.
The green arrow is the European open, the red arrow is an intraday 1 min negative divergence, I might expect some early downside , but it doesn't look too fierce, more along the lines of the volatility in sideways chop I mentioned last night.

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