Friday, October 24, 2014 7:04:05 AM
FUTs dailies...
All the MACD EMAs suggest the trend is up while stochastics are over-bought.
(MACD is slower to react than stochastic of course...)
So - a mixed bag of signals...what else is new...
The ES and NQ have reached their respective BZ reversal zones which often suggests a top...
The YM and the RUT still have room to move up, having beat the 50% retrace of the August-September swoon.
Do the ES+NQ pause here while the YM+RUT play catch up?
The RUT was first out of the gate at the bottoms but the NQ soon powered into the leading position, followed closely by the ES.
My guess is there will be more confounding technical events to the upside before capitulation starts again.
Ch...Ch...Ch...Changes
Bowie
All the MACD EMAs suggest the trend is up while stochastics are over-bought.
(MACD is slower to react than stochastic of course...)
So - a mixed bag of signals...what else is new...
The ES and NQ have reached their respective BZ reversal zones which often suggests a top...
The YM and the RUT still have room to move up, having beat the 50% retrace of the August-September swoon.
Do the ES+NQ pause here while the YM+RUT play catch up?
The RUT was first out of the gate at the bottoms but the NQ soon powered into the leading position, followed closely by the ES.
My guess is there will be more confounding technical events to the upside before capitulation starts again.
Ch...Ch...Ch...Changes
Bowie
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