Tuesday, April 2, 2013

Futures Update

While the 1 min charts are pretty shotout at this point, the 5 min charts are still within the area that is generally positive, the 5 min charts aren't really close at all at this point to the 5 min signals that we have used to go short using weekly options.

As for currencies, the USD/JPY carry cost that fell dramatically overnight to lift futures is now starting to turn the other way. The EUR/USD could offer some support to the market short term, it looks better, but still not quite there.

 USD/JPY headed higher all night and early morning lifting futures, around 11:30 the pair lost upside momentum and most market averages stalled out on the upside at the same time.

 The EUR/USD 1 min is still making moves toward more and more powerful positive divergences.

 ES 1 min has been largely negative, but is showing a faint positive divergence now.

 ES 5 min  is still in line

 NQ 1 min is clearly negative intraday

 The 5 min NQ chart is still in line

TF 1 min is now in line after being quite negative all day


TF 5 min is a little better than in line currently.

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