Before I turn in, here's what futures look like, a bit interesting actually.
ES 1 min intraday has an interesting look, rather than the normal chop or range, this is more of a larger rounding pattern with a negative divergence through the entire pattern.
The ES 5 min chart is leading negative
NASDAQ 1 min is also in a deep 1 min negative divergence, very long in duration vs the normal overnight futures.
The NASDAQ 5 min is also leading negative
Interestingly, the Russell 2000 1 min futures have the same look, a large, long leading negative divergence
And again, the 5 min is leading negative.
The $US Dollar Index futures are leading positive
The Euro futures are in a large relative negative divergence.
Yen futures...
The Yen Futures 1 min are leading positive
The Yen 5 min chart is in a large, multi-day leading positive divergence, quite impressive actually.
As for the pairs... all of them are in an interesting area, they can certainly put in a significant signal from the areas they are in and by looking at the single currency futures, I wouldn't be surprised.
EUR/JPY
USD/JPY
AUD/JPY
EUR/USD, $1.30 remains the area of interest.
EUR/JPY in a consolidation or ?
USD/JPY, this may be interesting the way the single currency Yen futures look
AUD/JPY daily , the increasing volatility should be clear
The daily close of the AUD/JPY is close to an "Evening Star" downside reversal candlestick pair.
AUD/JPY intraday, also a consolidation or perhaps...? I suppose that depends on what the Yen does, it certainly looks interesting on the Yen Futures above.
Breadth and volume are clearly off, even more than they have been recently as can be seen in the last post. We'll see what they look like in about 7 hours.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment