Tuesday, August 20, 2013

Pre-Market

The overnight session in US Index futures was choppy as Asia took a pretty good beating, yet US futures aren't in bad shape.

I still don't see an FX/Currency engine to push the market, but someone has been buying up treasuries which has for now, stopped some of the down side in Index futures.

We actually have 30 min positives developing so I'm pretty sure we get this bounce as the signs of it are growing larger, just be patient and wait for the timing.

NASDAQ 100 futures move from a 15 min positiver divergence to a 30 min, price action looks much more like a bottom forming.

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