Thursday, May 8, 2014

Early Indications Part 1

Right on the open the USD/JPY headed higher taking index futures with it, but they are not confirming the early strength.
 USD/JPY off to the upside right at 9:30, $101.81

ES lacking confirmation

TF lacking confirmation

NQ looks better, but still not confirmation.

However as I said, if we break $102 and get a dead cat bounce, it works just as good as a bounce off a base.

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