Wednesday, September 18, 2013

I can't Ignore This

I wish the set up was more obvious, it may simply be the long term charts are the set up, it may be the set up comes after the F_O_M_C, but I can't ignore these Index futures, even if I can't put them in to actionable context.

 ES/SPX Futures 15 min chart leading negative divergence, quite strong.

This at least tells me if there is a knee jerk higher, Wall St. didn't buy in to it, but rather plans to sell in to it, otherwise we'd have accumulation or a flat or in line reading.


TF/Russell 2000 Futures, the same thing.

This is a strong negative divergence for this timeframe and this quickly.

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