Tuesday, December 4, 2012

So far, we're on the right track

Closing out leveraged (options) positions that had short exposure (AAPL Puts and FAZ Calls) seems to have been the right call this afternoon as it was not only near the lows, but so far the Futures are moving off the 3C divergences, here's ES...

 ES 1 min with the 4 pm New York Close in red.

ES 5 min positive divergence leading at a new high, price is approaching today's regular hours highs.

So far, the indications are on track, it will be very important to see how the indications play out, whether we see a big gap up or even a decline by pre-market tomorrow morning.


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