Friday, December 5, 2014

Quick Futures Update

It looks like the market is about to come down, remember today is an op-ex Friday so there is a pin range most likely until about 2 p.m.

In any case, the Index futures intraday charts are starting or are continuing to look weaker ...
 ES 1 min has held up best thus far after being nearly flat all night.

However it is starting to see a stronger negative in a parabolic-like price area.

Watch Financials as they are closely connected as well.

TF has had a sharp negative all morning which dovetails with the longer 5-7 min like last Friday before Sunday's opening decline and Monday a.m.'s.

And NQ looks to be the worst (NASDAQ 100 futures), also seeing an increasingly deep intraday negative here.

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