Market Update

There may be two different moves forming, although it is very early to tell. The first may be the knee-jerk reaction a I'd say we really haven't seen one yet and the second would be more in line with the last post.

The intraday NYSE TICK (all NYSE stocks ticking up less those ticking down) has just broke -1000 for 1 minute or less, this is still not an extreme number by any stretch of the imagination. In fact looking at the TICK and momentum indications it looks like an intraday reversal is coming.

However the Futures may be adding something to the analysis today which has been centered on what would normally be the bigger picture, however with many of the charts in this class moving very fast lately, it may also indeed be more of an immediate indication than otherwise thought.

Because these are a bit longer and the F_O_M_C was less than an hour ago, they'd need some more time to reflect any changing sentiment regarding the statement, but if the statement didn't change anything, then the current trend would likely continue and maybe even accelerate know that they know what the F_O_M_C has to say.

 NQ 5 min leading negative, this time through the day though, not just night session and larger.

 NQ (NASDAQ Futures) 15 min leading negative

 ES 5 min S&P futures leading negative 5 min

ES leading negative 15 min