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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

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...If the dots don't connect, gather more dots until they do...




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Thursday, April 04, 2013

E-mini Futures Indecisive

The YM, ES, NQ & TF E-mini futures indices are non-directional, so far, today, after yesterday's drop, and ahead of tomorrow's data on jobs, unemployment, earnings, and trade balance.

They are in a trading range (and may be forming a bear flag) at or near the lower channel, with the exception of the TF, which has broken well below, as shown on the following 4-Hour charts. As I mentioned yesterday, the TF is leading in terms of recent equity weakness, and is now in a downtrend on this timeframe.