20 ma daily is key today....

20 ma daily is resistance. Technical it's short.

Defensive traders wait for signals in the smaller frames...If the bears take control then the 5 ma is target.

Nothing changed...

It's Memorial Day in the US....so, no trades.

The smaller frames are moving between the the rising 5 ma daily and the declining 20 ma daily.

Target is the 100 ma daily if we lose the 5 ma daily.

Nothing changed....

5/20 monthly is bullish

5/20 daily is bearish

5/20 60' is bullish but the declining 200 ma 60' is resistance. Looking for shorts therefore.

The bulls saw support yesterday....

5ma/20 ma daily is negative. Therefore looking for shorts today.

Ym is key today...100 ma daily in play perhaps...

The bears are strong but ym still has support ....watch the 100 ma daily. Looking for longs therefore. Defensive traders wait for signals in the smaller frame.

The 50 ma daily ym was support...

Tradestation has the tools to draw "timeframe in timeframe". In the 60' frame I drew the moving averages of the daily frame to show the bounce for several hours on the 50 ma daily.

It's a nice example of "the bigger frames mostly overrules the smaller ones". I write mostly because from time to time the bears are to strong and a "falling knife" is the result.

5 ma monthly in play...to hold or not....

In the daily frame we see the divergence between ym and es/nq. Ym hasn't reached the 5 ma monthy and es and nq already did.

Therefore looking for longs if ym get's lower.

The bigger frame mostly overrules the smaller one.

The same situation as yesterday...

The rising 50 ma 60' and the 100 ma 60' (5 ma daily) are support today. The 20 ma daily is resistance.

50 and 100 ma daily were support but...

The bounce on the 50 and 100 ma daily was there but the 20 ma daily is resistance now.

A new test of the 50 and 100 ma daily is possible.

20 ma daily under pressure now.....( blogger was 2 days unavailable)

Blogger was 2 days unavailable. Therefore, I wrote 2 analysis in one chart.

The 20 ma daily was support but the bears are strong. More sell is possible next week.

Longs after a pullback....

The daily frame looks still bullish. Waiting for a new higher high or a lower high. Technical it's long after a pullback.

The market moves sideways...

Nothing changed. I wait for a pullback to go long.

20 ma daily ...to hold or not this week....

20 ma daily is again key imo....to hold or not...

Fight between 5 ma and 20 ma daily...

Waiting for the lows of yesterday and lower to go long. The rising 20 ma daily still gets the benefit of the doubt. The declining 5 ma daily is resistance.

Same situation as yesterday...

5 ma daily is resistance and the rising 20 daily is support. Plan your trade and trade your plan.

5/20 daily in play....

The daily frame is bullish. Waiting for a pullback to go long. The declining 5 ma daily is resistance.

The highs were vulnerable...

The 5 ma daily is weak and the rising 200 ma 60' could be target. The bigger picture is bullish.

A new high is vulnerable...

The 5 ma daily is support but a new high is vulnerable. Looking for longs after a pullback and looking for shorts if the market hits a new high.