Thursday, June 30, 2011

Bullish but resistance and extended....



The smaller frames are bullish and rising above the rising 5 ma daily and beneath the 5 ma monthly. It was bullish again but resistance could generate a sell.

Always trade what you see, the market 'is'.

Wednesday, June 29, 2011

100 ma daily ym again in play ...


The market is moving above the 20 ma daily again. Technical it's long but the 100 ma's daily and the 5 ma's monthly are resistance.
Therefore, looking for shorts ....

Monday, June 27, 2011

Waiting for the previous week lows???



The 20 ma daily was to much for the bulls on friday. Perhaps are the 200 ma daily es and ym target for this week.



Friday, June 24, 2011

20 ma daily again in play....



The market "is". First almost 2% down and then 2 % up again. The 20 ma daily is again resistance today. To hold or not.....??

Thursday, June 23, 2011

2250 nq was to much for the bulls...



If we lose the 5 ma daily, the weeklows could be target. Again a test of the 20 ma daily is also possible. Watch intraday the 5/20 60'

5 above 20 = looking for longs

5 below 20 = looking for shorts

Wednesday, June 22, 2011

20 ma daily nq is key today....



The bulls were strong yesterday but lost strength ones they hit the 20 ma daily, first on ym and then on es.

20 ma daily nq is still 20 points to go.

Looking for shorts arround 2250-2260

Tuesday, June 21, 2011

20 ma daily ym and es important today....



The 20 ma daily, first on ym and second on es will be key today. Looking for shorts if we get there....

Monday, June 20, 2011

Nothing changed....watch 200 ma daily es and ym...



5/20 daily remains negative. The 200 ma on es and ym is still support. Nq lost the 200 ma daily.

1250 es ...looking for longs if we get there.

Friday, June 17, 2011

200 ma daily es in play .....support...



A few days ago we saw a bounce on the 200 ma daily nq. But the market is still bearish. Today the 200 ma daily es could be support. The 200 ma ym is still 340 points to go.

Wednesday, June 15, 2011

5 ma daily is support now but....



The bulls were in favor yesterday, the 5 ma daily is support on ym, es and nq. A green candle is possible today again but the declining 20 ma daily is resistance. If the bears take control, the 200 ma daily on ym and es are target.

Tuesday, June 14, 2011

200 ma daily nq is support....



2240-2250 could be target today. The hod ( high of day ) was 2237.5 in the pre-market. 5/20 60' is always key intraday.

Monday, June 13, 2011

200 ma daily nq in play...



Watch out for shorts today. The bears were strong previous week but 200 ma daily is reached on nq. A bigger bounce in technical possible now....

Friday, June 10, 2011

5 ma NQ was to much yesterday...




Scenario 1 : longs because of the rising 200 ma daily and the rising 20 ma monthly. Target is the 5 ma monthly.


Scenario 2 : shorts because of the declining 20 ma daily. Target the rising 200 ma daily and the 20 ma monthly.

Thursday, June 9, 2011

5 ma daily is resistance....but...



but....the monthly is positive ...and if the bigger frames wins....the 20 ma daily is target in the next couple of days...

Wednesday, June 8, 2011

12036 is a inverse cupline....



12400 could be the right shoulder of a head and shoulder pattern....wait and see...

Tuesday, June 7, 2011

12000 almost hit....



5/20 daily is still negative. 200 ma daily could be target. Looking for longs but waiting for signals in the smaller frames. First target longs is the declining 5 ma daily.

Monday, June 6, 2011

A negative daily in a positive monthly....



Shorts after a bounce because of the declining 5 and 20 ma's daily....but longs after lower lows because of a rising 5 and 20 monthly...

Make up your mind...

Friday, June 3, 2011

100 ma daily ym in play....



Looking for a bounce because the 100 ma daily is support ....but we see heavy resistance because of the declining ma's daily...(red arrows)

Wednesday, June 1, 2011

20 ma daily is support again...



The bigger frames overrulled the smaller ones.

Technical it's long again. Waiting for a pullback to take action.