I hope everyone had a happy, safe weekend/Memorial day weekend.
The USD/JPY ramped a bit Sunday night as Futures opened and took Index futures with it, but it's already starting to show a negative divegrence early in to the North American week.
As far as the 3-day candlestick pattern (bearish) mentioned as a decent probability last Friday...A Few Broken Levers...
For any of the decent patterns like a Shooting Star, an Evening Star, etc, they all REQUIRE a gap up open on the second day, that's why I said Tuesday would be the very earliest we'd see a second day in the candlestick pattern formation, we'll see what the charts look like today, if it is the second day candlestick, it will be obvious well before the close.
As far as Index futures like this 5 min ES/SPX futures chart, ES anyway, is negative from 5 mins through 60 mins, every time frame. NQ has a 5 min chart that's in line, but every other chart out to 60 mis is negative with the 60 min chart being the most important as it is where the highest probabilities for shorter term chart resolution lay, that's bearish.
TF or Russell 2000 Futures are negative like ES from 5 min through 60 min, so it's nearly a triple full house.
I'm going to be looking very closely at assets today/trades. Ultimately the watchlist is one of the best indicators of the market and timing.
Lets get to it.
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