Tuesday, March 5, 2013

Quick Futures Update

Just because things are moving faster than they can be captured and posted, these two charts are the easiest.

ES and NQ futures, there's a significant change once the 9:30 open takes place, more obvious in ES.

 ES 1 min is in line, but just barely until the 9:30 open.

NQ is a little different situation, the 2007 highs was such a traumatic or the start of traumatic events, you have to wonder how it effects mass psychology on a day like today, especially with retail's hero Jim Cramer just having said the last time this happened in 2007, "It was the perfect day to sell" and some stuff about an island top possibly coming out of today, almost makes me wonder what he's up to, maybe just doesn't want the 'Mission Accomplished ' egg of 2007 on his face again?

Context? Another day in the red and getting worse.




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