Tuesday, March 12, 2013

Future Update

Amazingly, the futures are still similar to the earlier readings with a few changes: ES/SPX futures are still just about perfectly in line with 3C, TF/Russell 2000 Futures actually look worse, they look the worst. NQ/NASDAQ futures still are a bit more positive than price.

 ES futures had a pre-market positive divergence, it wasn't as big as it looks now because the scale of the chart is much wider due to price having moved down, but after the open, that went negative and ES has been almost perfectly in line since.

 TF/Russell 2000 (IWM) futures look the worst, they are actually leading negative.

NQ/NASDAQ 100 futures are not screaming positive, but more positive than anything else. AAPL's 1 min chart has gone negative a bit, but there are still AAPL positives to the 5 min chart so I wouldn't say it's done with yet.

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