Wednesday, July 10, 2013

Pre-Market Futures

If you've looked at the Russell 2000 futures overnight then you know it was one of the rougher, choppier sessions and it looks to gap down across the board. The 1 min 3C charts aren't trending so they don't tell us much, but the longer charts are and they, especially 5 min charts look pretty bad as I showed you on the release of Chinese data, with the Shanghai Composite being saved from a red close by a PBoC rumor.

In other futures, perhaps the night was choppy because the AUD did in fact fall.

AUD overnight

I still would expect the gap to be filled and those limit orders at least to be hit, but we'll see around 10:30 when the charts start catching up top the averages.

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