Futures are down strong today, about 9 points currently.
Here's a 5 and 60 min ES chart with my indicators and
pivots.
On the 5 min chart, watch those pivot points.
On the 60 min chart, there is now some positive divergence
potential, however price and the MACD needs to turn and cross up to
confirm this, you will also want to see a MACD/BB green dots.
Also Watch the Fast Exponential Hull Moving Average on the
price, that needs to turn green as well
ES 5 min and 60 min charts
Posted by matt on 24th of May 2011 at 10:53 pm
Futures are down strong today, about 9 points currently. Here's a 5 and 60 min ES chart with my indicators and pivots.
On the 5 min chart, watch those pivot points.
On the 60 min chart, there is now some positive divergence potential, however price and the MACD needs to turn and cross up to confirm this, you will also want to see a MACD/BB green dots. Also Watch the Fast Exponential Hull Moving Average on the price, that needs to turn green as well
Futures now back to even...
Posted by rick33 on 25th of May 2011 at 08:02 am
Futures now back to even...