Wednesday, November 12, 2014

NASDAQ 100/QQQ NDX Futures

Looking at the QQQ and the /NQ (NASDAQ 100 Futures), they look an awful lot alike and with the only two means of support seemingly giving way, I'm taking these charts seriously.
 QQQ 1 min with this morning's positive just before the European close and a leading negative now, very similar to NASDAQ 100 futures...

You may recall the positive divegrence seen this morning in the A.M. update which led to a move up on the opening bell, again a similar leading negative divegrence currently.

 The 2 min QQQ chart looks a lot like both above.

And for a potential head fake move, the leading negative 5 min chart right at the move is a little more than interesting.

The same with the 5 min /NQ NASDAQ futures, amazing symmetry in the signals  between the Q's and the NASDAQ Futures.

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