Equity mkt rally after Europe close … D’oh!

Yesterday I posted up my noting that I found it peculiar that the pattern of the US equity markets rallying after Europe had finished had seemed to have switched over to the opposite, that the equity mkts were now falling once Europe had gone home. Lest anyone think I am unresponsive to data (big hi to all the perma-bs out there!) let me post this ES chart from last night’s trading (last night was the cash session of the NYSE, which is night time here on the East Coast of Australia):

 

What do you see?

Well, what you see is the ES rallying after the Europe close. D’oh!

LOL – OK, putting the giggles aside, what does that mean?

Over to you…

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