Thursday, February 12, 2015

Index Futures Look to Come Down

Until we can get some early indications from the cash market, it looks like Index futures have a negative enough divergence that they'll come down, partly building overnight and partly since the Initial Claims miss this morning...
 TF/Russell 2000 futures with a larger relative divegrence overnight and a rounding top looking pattern.

And ES more specifically negative in pre-market at Initial Claims and since...

I'll have opening Indications out ASAP.

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