Monday, September 16, 2013

ES Futures

In similar fashion to the SPY as well as the VIX Futures wherein only 1 min charts are moving positive, obviously not enough for today, it's hard to say if they can maintain momentum with 1 min only overnight, the point still is that in addition to the market averages, the futures and VIX futures as you already saw, all confirm the same.

 Like the SPY 1 min positive, the SPX futures have a 1 min positive, the VIX futures 1 min negative is confirmation.

However like the SPY negative in every timeframe beyond 1 min as seen in the last post with 1 and 5 min charts, ES 5 min is leading negative and VIX futures are leading positive, again confirming the same.

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