Tuesday, February 10, 2015

Quick Futures Update

As somewhat expected after today's price action and the after hours futures, the Index futures have given much sharper negative divergences, it seems clear that today's move up was nothing but an opportunity to sell in to.

I'll post a comprehensive update of the charts in the morning, but for now, here's a look at how they are shaping up.

 ES 1 min

ES 5 min

ES 7 min

All very sharp, very negative.

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