Since I'm seeing this now, I'll put it out there. The thing that lifted the futures overnight was the EUR/USD pair because of Italian exit polling, when the hard data came out it was very different from the exit polling and the EUR/USD dropped taking all risk with it, however we have another change developing now, why? I don't know, but it will like effect ES and NQ as it already is showing signs of...
This is the EUR/USD pair, it moves with the market, the negative divergence seen at the high led to the pair falling (negative divergence=distribution), we had a relative positive divergence earlier, a leading positive divergence like the one in the white box is a much more powerful divergence and it is positive so it looks like the FX pair is going to be putting in a low and with that likely Futures, although it's a long night ahead of us, this is a significant find.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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