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.
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 ....
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.
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.
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.