Friday, April 30, 2010

To lower high are not....


The market moves again above the 5 ma daily but perhaps a lower high on the daily frame is possible. Watch carefully the relation between the 5 ma 60' and the 20 ma 60'.

Thursday, April 29, 2010

5 ma daily is resistance....


The market is moving between the declining
5 ma daily and the rising 50 ma daily. Choise enough to trade.

Wednesday, April 28, 2010

And the 20 ma daily was target.


The market was very weak yesterday. Perhaps a small bounce today but further downmomentum is possible if we look at the red daily candle.

Monday, April 26, 2010

Sunday, April 25, 2010

Higher and higher but resistance on the bigger frames.


The 50 ma monthly on ym and almost on es are in play. A reverse is possible, so longs are dangerous. Smaller frames are still bullish.

Friday, April 23, 2010

The bulls did it again...


Same situation as yesterday. New higher highs are vulnerable. 5 ma daily is support again.

Thursday, April 22, 2010

The daily candle yesterday has a negative tail...


5 ma daily was support yesterday but again under pressure. To hold or not to hold?
The lows of monday are the first target if the bears take control today.

Wednesday, April 21, 2010

Tuesday, April 20, 2010

daily still in an uptrend!!


Since the 16 of february the daily frame is in an uptrend. The candle of last friday could be a reversal candle temporaly. Trade what you see.

Monday, April 19, 2010

Friday, April 2, 2010

Weakness yesterday...


The market moves today between the 5 ma and the 20 ma daily. Shorts against the 5 ma and longs against the rising 20 ma daily.