Thursday, February 28, 2013

Intraday Futures starting to go negative

These are the same 1 min charts that led me to post the market was going to move higher out of the triangle.

ES looks a bit more developed than the NASDAQ futures, this is just a start, but if ES (3C) keeps moving as fast as it started on this move to the negative, then it will be pretty large soon enough.

 ES went to a less powerful relative negative divergence first and then to a stronger leading negative divergence, it's already leading nearly twice as much as seen above at this moment so it continues moving fast.


The NQ divergence is only a relative negative on this chart, it's a bit worse than what is seen above, but Es is definitely leading the negative divergence charge and right about on time.

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