Here's the support apparently tangling the index futures/market averages up, USD/JPY, remember what I said in my last post as they look like they are being pinned.
USD/JPY's own divergences earlier today before the GDP release and after, a sharp negative divergence.
Price there looks a lot like the tangled up Index futures...
No wonder, Es (purple) SPX futures vs USD/JPY in candlesticks.
Thus the 3C chart of USD/JPY above is meaningful as well are the following charts with confirmation and higher probabilities of a USD/JPY decline.
$USDX negative divegrence and pretty sharp, this would pressure the pair lower with a move lower in $USD.
And the Yen with a positive divegrence, again, a move higher here would pressure the pair lower and it looks like index futures are tightly tangles up with USD/JPY.
As for the charts of NQ and TF... the intraday charts are of virtually no interest with no significant signals.
NQ 5 min
TF 5 min
NQ 7 min looks like Wiley Coyote about to drop off a cliff.
TF 7 min
TF 15 min with 3C making a consecutive series of lower highs/lower lows in its leading negative divegrence
NQ 30 min from the divegrence leading to the previous week's worst performance (weekly) in 3 years to the positive divegrence we saw for this move, best 4-day performance in 4 years.
NQ 60 min mostly in line with the trend, although there are some smaller and accurate divergences, the current negative is off the charts as would be expected for a Crazy Ivan head fake move with everything considered starting with the IWM range and the original Mass Psychology.
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