Index Futures

If you take last night's End of Day Currency post which explains the currencies futures post from the night before and where we stood last night moving forward in to today and have just a basic understanding of what we expected Monday night/early Tuesday morning and in the same post what 3C was telling us about today in the signals it was giving on currencies last night before they even moved and you recall that we were looking for a "W" bottom shortly after Monday's destruction, then the 5 min Index Futures charts will make PERFECT sense and so should our strategy moving forward.


First Russell 200 futures (TF) because they show it best...

 TF 1 min which is our intraday movement, since last night's currencies futures post shortly after the market closed, currencies moved exactly as 3C signals said they would which moved Index futures the way we thought they'd move, down. The green arrow is 3C/Price trend confirmation, it's still in pretty good confirmation with a slight positive divergence in to the open.

 TF 5 min chart coming off Monday's destruction to the left shows heavy distribution Monday with accumulation in to the first bottom of our "W" right where we want to see it, the bounce yesterday with light distribution at the top and a move lower that is in line with the price trend, we will be looking for accumulation at the second bottom of the "W" base today.

The other Index averages are essentially exactly the same.

ES-SPX futures

 1 min intraday-overnight/premarket action in line.

 5 min is the same as TF and in line this morning

NQ -NASDAQ 100 futures

 1 min intraday overnight to present is perfectly in line with the price trend

And the5 min char is a bit less developed, but should get there.