Futures at this time, ES futures are in line, NASDAQ futures have a negative divergence, neither Initial Claims or the Final GDP read moved futures much.
the one thing I did notice last night was some positive 1 min divergences, very short term and everything longer than that starting at two minutes looking pretty bad, almost like a thin veneer of strength with a wall of rot behind it.
We'll see what opening indications point to soon enough, but I suspect that 1 min positive is not new strength, but more like a final thread.
5 years ago
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