The top chart is the 380 Tick of ESM08, and the bottom chart is a 2 Minute chart of the 6.5 hour Sector Stochastic.
As the Futures was making a lower low at 0948 ET, the Stochastic was making a higher low creating a divergence between the cash and futures markets. I have noticed in the past that buyers are typically attracted to the market, at least short term, when this stochastic nears the 25 percent level as it did this morning. You can also see that at the 50% correction at 1014 ET, the stochastic was still uptrending.
Charles
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