Friday, June 21, 2013

Index Futures

The same behavior is apparent in the Index futures, this would be the first time since there was a negative divergence around 6 a.m., I believe to bring the market close to the "Max Pain"  pin. Typically Thursday's close very close to the Pin level, since the Index futures were set for a gap up around 6 a.m. and above the apparent max pain pin lever, it seems fairly obvious that the negative divergence at 6 a.m. when volume is low and the market is still easy to move, was all about the pin as we went from a gap up area to just about the exact same area as yesterday's close.

 ES 1 min with a negative at 6 a.m. or so to bring the market back down to yesterday's close, but again the important part is that the same behavior is apparent here in futures just like the averages.

Again the same theme in NQ.

So far TF is just in line, not negative, just in line.

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