Wednesday, October 31, 2012

Quick Market Update

There are encouraging signs for intraday trade and thus for our reversal picture, I'm just looking at leading indicators which I will bring you and see encouraging signs right now, beyond other positive divergences, the NASDAQ Futures have a large leading positive divergence and these have been even more effective than the SPX/ES futures as far as signals.

NQ from an early pre-market negative divergence to a current leading positive divergence, this is stronger considering the negative divergence was pre-market on weak volume.

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