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Old 10-06-2009, 02:36 PM   #1

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The Technical Anatomy of Today's (10/06) High

Between 0808 - 0812 PST today there was coordinated intense commercial selling in all 3 major US equity futures.

The first chart is our longer term chart (volume bars 900,000 contracts) with net money flow. Of note is that price met resistance at around a 2/3rds retracement of the previous leg down. Also the negative divergence between price and money flow continues.

The second chart is of the HUD and the pie charts show the selling against the backdrop of the strong early buying.

The third chart is of the coordinated commercial selling in all 3 equity futures.

The fourth chart shows the selling just before the top in ES.

*****
Of note is that price met resistance at around a 2/3rds retracement of the previous leg down. Also the negative divergence between price and money flow continues.




The second chart is of the HUD and the pie charts show the selling against the backdrop of the strong early buying.



The third chart is of the coordinated commercial selling in all 3 equity futures.




The fourth chart shows the selling just before the top in ES.

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