An Accident Waiting to Happen ..
For those of you who might trade the Nasdaq 100 Futures
Basis June 2020 ( NQM20),
I am incredulously looking at a serious,and potentially
significant KST Accumulation Divergence,
As price in the contract has continued to rally and scale
back towards all time Contract Highs of February
it continues to weaken in "Accumulation Buying"
as you can clearly see in the Indicator Box, Shown 30 Minute Chart.
Since The Nasdaq 100 ( NDX) has strongly lead the market rally this spring
it is a potentially ominous early warning sign of something potentially on the horizon that is not good
and bears very close watching in the days/ weeks ahead.
NQM20 Last 9682.50
THE_UNWIND
6/3/20
NEW YORK
Basis June 2020 ( NQM20),
I am incredulously looking at a serious,and potentially
significant KST Accumulation Divergence,
As price in the contract has continued to rally and scale
back towards all time Contract Highs of February
it continues to weaken in "Accumulation Buying"
as you can clearly see in the Indicator Box, Shown 30 Minute Chart.
Since The Nasdaq 100 ( NDX) has strongly lead the market rally this spring
it is a potentially ominous early warning sign of something potentially on the horizon that is not good
and bears very close watching in the days/ weeks ahead.
NQM20 Last 9682.50
THE_UNWIND
6/3/20
NEW YORK
Chart Shown is the 60 Minute NQM 20 Chart
and dates back to late April,Early May 2020.