Support on the 50 ma daily es yesterday...

Nice example of a working moving average yesterday. Is the market strong enough today or is the target for the bears the 50 ma daily today?

That's still 40 points to go.

50 ma daily ym in play today...

The 50 ma daily on ym was again support but we see now a declining 5 ma daily and we lost the 20 ma daily. Enough for the bears to take control??

Divergence between ym,es and nq...

20 ma daily in es and ym is still resistance.

Nq is the strongest. Looking for shorts because of weakness.

Always watch the 3 indexen ym,es and nq.

Sometimes a bounce in nq is the result of support in another index. Yesterday the 50 ma daily ym was hit and the bulls took control.

Therefore it's important to observe the 3 indexen.

Again a rollercoaster today?

Will the market stay above the 5 ma daily today and are the highs of yesterday target?? If not, then the lows of yesterday are key.

Bullish but....

The 5' timeframe is bullish in this chart, but the rising 5 ma daily is 26 points to go. Extention??

2160 area is resistance in the daily.

20 ma daily already hit...

20 ma daily was resistance. The market is now caught between the 5 ma daily and the 20 ma daily. Looking for shorts again if we touch again the 20 ma daily.

Bearish cross in the daily....

The market made a bounce because of the rising 50 ma daily. The market moves now between the 20 ma and the 50 ma daily. Technical is the

20 ma shortable now if we gets there. Waiting for signals in the smaller frames to take action.

The rising 50 ma daily could be support...

There is some extention in the daily frame and 50 ma daily could be to much for the bears. Looking for longs somewhere today.

Again bearish today or....

20 ma daily is key. To hold or not. On es the 20 ma daily is the strongest. 20 ma and 5 ma 60' are still bearish.

20 ma daily was support on es...

The 20 ma daily was and is still support. The same question as yesterday: is the rising 20 ma daily stronger then the declining 5 ma daily??

Nobody knows but there is still a lot of extention in the daily frame and some day the 20 ma daily wil capitulate.

Who is in favor....5 or 20 ?

The market moves today between the 5 ma and the 20 ma daily. Is it a healthy pullback or will the bears take control longer term? The rising 20 ma daily is support if we get there.

5 ma daily was weak...resistance today???

Es, ym and nq lost the 5 ma daily at the same time. Would it be a signal for the bears to take

control?

pressure on the 5 ma daily...to hold or not...

Will the bears take control today?? In the 60' frame we see lower highs.

It remains bullish but overbought...

Nothing changed. Bullish but overbought.

Always remeber: the trend is your friend!!

The market is.....so, thinking is wrong...

Already a few weeks I am writing that longs are vulnerable and dangerous but the market is still rising. As long as we see higher highs and lower lows in the daily frame, the market remains strong and longs get the benefit of the doubt.

So, trade what you see, not what you think...

Don't chase this bullish pattern...

The 5 ma daily was again worth buying.

Today again??