Friday, February 1, 2013

Futures

ES's 1 min chart is just starting to come unglued from the intraday trend, the 5 min is where the trouble is.

NASDAQ futures have seen distribution in a very small range near the highs today and are turning very ugly now.

NASDAQ intraday futures.

Between the numerous charts, the move in the VIX around the Bollinger Band pinch on multi-month, maybe even year-differential in volatility, credit, etc and my gut feeling that when this comes, it comes quick, has me a little on the edge of my seat.

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