Wednesday, October 10, 2012

Futures

If you recall earlier today in a Futures update, there wasn't much of an overnight range and there weren't many decent 3C signals, in fact nearly zero.

Now take a look at ES.

 From last night to the open this morning, very choppy, no good signals here on the 1 min which has been very reliable.

 Take a look at the ES 1 min now, the negative divergence at mid-morning isn't that hard to make out, but you have to look, the leading positive divergence now jumps off the chart as a good divergence should.


Even the 30 min ES has added to its leading positive divergence and so have the NASDAQ futures.

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