Thursday, May 29, 2014

A.M. Update Continued...

Also, all of the Index futures now have charts that are negative from 5 min through 60 min in ES (SPX Futures), TF Russell 2000 futures and NQ (NASDAQ 100 futures, except the 5 min in NQ is still in line...

 NQ 5 min futures still in line, but ES and TF look like...

This 5 min chart of TF futures and it goes from there right out to 60 min charts, a full house.

NQ 60 min leading negative divergence, I think you can see not only why I expected a head fake move with a range that is several months in size, but you can see why I think it's a head fake move as these charts are  severely leading negative.

No comments: