Monday, March 11, 2013

Deadlock to be broken?

As we are now moving out of the a.m. trade (which many pro traders will not trade because of all the misdirection), even with AAPL being pulled as a lever (and thus far failing), it looks like the intraday charts are now starting to look more definitive among the futures.

 It is easiest to see in the SPX futures above.

 The Russell 2000 futures are moving the same way.

And now that it looks like AAPL is not going to help the NDX, it too is deteriorating.

Ironically, the Yen is gathering a little upside momentum and has a better looking intraday chart.

 Yen intraday 1 min futures.

The 5 min Yen chart.

I don't want to make any serious moves until short term probabilities make the path forward clear.

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