Monday, December 3, 2012

And there goes the ES/NQ 1 mins.

Ran over, NQ is still technically in a positive position, ES is destroyed and if you want to see what is doing it, it's what I've been talking about the last few hours...
It's the start of a break BELOW the apex of the "bullish" triangle. However because the tringle's apex is so close to being finished, the distance to move the Euro up and shake out stops above the triangle is pretty easy here so I wouldn't commit myself to the first move being the final-we could have  modified Crazy Ivan shakeout. What I feel comfortable with is however the tactics go, at the end this is lower with the market.

The only short term hints have been in the Euro/Dollar futures themselves...

Euro intraday has remained almost exactly in line, but...

The Dollar Index (beside having positive longer term divergences), the 1 min here is very strong/leading positive.

It's still about the Euro for now.

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