Sunday, April 14, 2013

Futures Trend Down - Low Tick Off Regression


The S&P 500 Futures June Expiration ( /ESM3) trend is clearly down. The low Tick late this evening retracing off of the Regression Line of the channel anchored at All-Time Highs. When the TTM Wave crosses zero, watch out: the declines will continue to accelerate. The TTM Squeeze is already indicating a breakout short, but more consolidation should ensue here: building a base of coiling volatility to spring lower from at the New York open.

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