Monday, November 24, 2014

NQ/NASDAQ 100 futures joining ES

Since pre-market ES has had an intraday negative divegrence , but NQ and TF were in line until the 5 min charts where all are negative. Since the open, NQ has been steadily heading toward its own negative intraday divegrence as well as we sit in Friday's range.

Here's NQ as of now...
This isn't a huge divergence in NQ , but after being in line all night, it is the first divergence and with the limited time it has had to form since just before the open, so far it keeps growing deeper.

I'll keep an eye on it as well as TF, there may be a 3rd day of fade trades available or something bigger.

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