Futures Down on possibly leaked China PMI
By: TRADE GUILD
Posted on March 21, 2012 at 23:49 PM EDT
Here's a perfect example of why price is deceiving. In evening trade the ES (S&P E-Mini Futures) were being ramped while a 3C negative divergence was in place. The drop in ES is after HSBC's tracking of Chinese Flash PMI came in at a contractionary print for the 5th consecutive month. The fact ES was headed higher while 3C was negatively divergent suggests the report had already been leaked and
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