Friday, July 30, 2010

Bullish but resistance ...


5 ma daily could be target but resistance is there

100 ma daily was resistance, 20 ma could be support now...



The lows of yesterday and the rising 20 ma daily are support and long areas. Defencive traders wait for signals in the smaller frames to take longpositions.

Tuesday, July 27, 2010

Same situation as yesterday.

100 ma daily almost reached. Looking for shorts.
Waiting for signals to go short in the 3' frame is an option.

Monday, July 26, 2010

5 ma monthly is still resistance...


5 ma daily above the 20 ma daily = bullish, but the 5 ma monthly is resistance...to cross or not??

Monday, July 19, 2010

20 ma daily important .....



20 ma daily in play on nq but also on es and ym.

I prefer longs because of extention.

Friday, July 16, 2010

Thursday, July 15, 2010

Same situation as yesterday...


The market is moving between the rising 5 ma daily and the horizontal 5 ma monthly.
5 ma daily is key today.

Wednesday, July 14, 2010

Tuesday, July 13, 2010

bullish but 20 ma daily was resistance...


Looking for shorts in the area of the 200 and the 50 ma daily. Defensive traders wait signals in the smaller frames to take shortpositions.

Thursday, July 8, 2010

5 ma daily was key yesterday...


The bulls were in favor yesterday, but 5 ma daily moves below the 20 ma daily and that's bearish.

Wednesday, July 7, 2010

100 ma monthly was support...


The market is bearish, but the 100 ma monthly was and is still support and we also see a rising 20 ma monthly. I prefer longs, but waiting for signals in the smaller frames.