'All Quiet On The Home Front' - Late Night Market Update (QQQ)

CL, ES, NQ, 6E

Pretty quiet equity index futures speaking.. There is a slight downward skew from the closing cash print.. remember we probed over 1200 today.

 As you can see in the ES chart and my previous post, the NYC closing future sprint very bearish  taking us from 1199 to 1194.75.

For the bears 1200 was defended after a 125 point straight up ES_F move up in 4 days. The Bulls played their games for 125 points on declining volume.. when i say declining volume i am talking the last 7 or so GREEN days the volume has declined, all while the RED days we saw near record ES contract volumes.

Levels to watch tonight. 1194 down to 1192.. below we could see 1190 and below. Watch for either the laser precise bears or the persistant bulls to take control before the open. Make or break today.

Crude seemed toppy on the 5 min around 88 with 87 being a sticky level to watch.

euro kinda weak 1.442 is the level the bulls are showing interest in.

As i type this.... ES fell over 1195 in a waterfall like fashion... same with NQ.. chart below.

ES 1  min

Posted in: Chart,correlation,Market,SPOOZ