Wednesday, October 9, 2013

Intraday pullback

Nice, just before the Yellen announcement or maybe it's the Minutes from the last F_O_M_C meeting, I haven't had a chance to read them yet, either way we are getting signals for an intraday pullback which I think is good, it gives a lot of assets the chance to create a bigger reversal footprint and to add to positive divergences as they typically don't accumulate higher prices.

In addition, this will give me some time I need to get some analysis done as well as potential positions to enter before the close.

I'll just use the 1 min intraday futures to show the pullback divergences.

 ES/SPX futures 1 min

NQ/NASDAQ 100 futures 1 min

TF R2K Futures 1 min



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