Monday, April 29, 2013

Futures

Here are the futures, both currency and Index, for now any way. The 3C 10 min divergence is there and that needs to be settled, I find that if there's a divergence on one of those charts, no matter what happens overnight, that divergence gets settled during regular hours.

As for Single Currency Futures.

 AUD 1 min intraday or overnight there's a slight positive divergence, otherwise it's pretty much in line.


AUD 5 min the longer chart is more important, it's the stronger trend, but the 1 min above is the more immediate. This is a leading negative divergence suggesting AUD will see downside very shortly, this is a market negative.


 Euro 1 min intraday or overnight there's a positive divergence in the Euro, it should send it higher tonight, but this is a 1 min divergence and we have a long night ahead.


Euro 5 min again the more important trend is showing a sharp leading negative divergence, the Euro along with the AUD should both see downside around the same time-both are market negative.

 USD 1 min the USD intraday is showing the divergences that have moved it, but overall it doesn't have much of a signal overnight.

USD 5 min the more important chart for the $USD is showing a positive divergence, this is a market negative and therefore also confirms the AUD and EUR 5 min negatives as a rising dollar is bad for almost all risk assets.

 overnight the Yen looks to gain some ground.

The 5 min Yen chart has a very strong positive divergence, the Yen moving up is a market negative.

Currency Pairs
 EUR/USD 1 min in the very near term intraday the pair looks to gain some ground

EUR/USD 5 min the more important 5 min trend is leading negative, this is a market negative and confirmed by the 5 min EURO and USD charts.


 EUR/JPY 1 min the pair may gain a little ground, it looks like it already did off the last positive divergence.


EUR/JPY 5 min strangely the 5 min chart looks more positive than I would have thought.


 USD/JPY 1 min intraday this looks to lose some ground, this is a short term market negative, I think the Yen pairs are seeing different influences due to the Yen.

USD/JPY 5 min is also in a leading positive divergence.


Equity Indicies...

ES 1 min is in an overall leading negative position, but has a relative positive divergence that should send it higher.


 ES 5 min matches up with the currency charts, ES 5 min is leading negative, this suggests ES is going to see some significant downside.


 NQ 1 min overnight looks like it will gain some ground.

NQ 5 min right now the 5 min is in line

 TF 1 min is in line right now

TF 5 min is also in line

TF 15 min the 15 min is showing a huge, very sharp negative divergence in the Russell 2000 futures.

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