That being said, there are some interesting improvements in underlying trade, the question is are they enough, I don't think so, not without a pullback.
Wednesday, November 21, 2012
Very Early Opening Indications
It's really too early to make these kinds of judgements until more charts catch up, but the negative divergence in ES and NQ are still there, despite a number of upside alerts like FB popping off, one of my other concerns is the TICK isn't looking as strong as I'd expect for this move to last.
That being said, there are some interesting improvements in underlying trade, the question is are they enough, I don't think so, not without a pullback.
ES 1 min
NQ 1 min
TICK hit +1000, but is mediocre from there.
That being said, there are some interesting improvements in underlying trade, the question is are they enough, I don't think so, not without a pullback.
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