Positive sentiment but vulnerable....

The bulls were strong yesterday, of course because of the (positive) sentiment in Europe.

Don't fight the trend, but to me, longs are vulnerable because of extention. I wait for a pullback.

Goodnews rally in Europe....but....

Good news could be fundamental news and a trigger to buy...but...traders are open minded and watch carefully at their charts, no matter what.

Today we see the 200 ma es as a possible resistance-area... that means, longs are vulnerable now. Don't chase the rally.

5/20 daily is still positive...

After the pullback yesterday, the extention is gone. Looking for longs and perhaps adds above the rising 20 ma daily.

ES is still key...

The market seems strong but the overheadresistance was there yesterday. Watch the 20 ma dailys. To extended for me....So I wait for a stronger pullback to go long. Intraday 5/20 60' is key.

ES is key today...

The market is strong but 1245 on es and the 200 ma's on ym and es are resistance-levels.

5/20 daily is still positive, but I wait for a pullback.

5/20 daily remains positive...

The techs lost the 5 ma daily, ym didn't.

But ym still has resistance because of the declining 5 ma monthly. Therefore again short if we gets higher.

Again no changes...

The bulls have been fighting against the declining 5 ma monthly on ym and at the end the bears took control. We lost the 5 ma daily but al lot of moving averages on nq and especially the rising 20 ma are support. If we believe in the daily frame it's long....defensive traders wait for signals in the smaller frames.

No changes...

Longs were ok yesterday but the 5 ma monthly is still resistance on ym. To hold or not....

5/20 daily remains positive...

5/20 daily is positive..

5 ma monthly ym was to much for the bulls and the result was a trendday down. But 5 ma/20 ma daily is positive. Technical it's long. Waiting for signals in the smaller frames. Watch the horizontal supportlines and the rising moving averages.

100 ma daily ym is reached...

2 weeks ago the market touched the 50 ma monthly and technical the 5 ma monthly was target. Target is reached after a strong rally.

Time to pullback a little. Therefore looking again for shorts but waiting for signals in the smaller frames.

5 ma monthly ym is still resistance...

The bulls are still in favor but longs are vulnerable because of the declining 5 ma monthly in ym and extention in the daily frame.

The resistance is hard to defeat...

5/20 daily is positive now but ym still didn't touch the declining 5 ma monthly. That means the rally up can continue but the resistance is still

alive and kicking :-)

Up, down and up again...

It was a strong market yesterday although we saw a pullback about 20 points.

200 ma daily is reached on nq. 5 ma daily is 50 points lower. Therefore looking for shorts.

The declining 5 ma monthly is resistance...

The market seems to recover but the 5 ma monthly is resistance and if the bigger frame wins.....In other words, the market is moving between the rising 5 ma daily and the declining 5 ma monthly. I give the 5 ma monthly the benefit of the doubt. Waiting for a negative cross 5/20 60' to look for shorts is an option.

20 ma daily nq is key today...

No longs for me but waiting for a pullback because of the 20 ma daily.

Bullish yesterday but 5/20 daily is negative....

Two days ago the 50 ma monthly ym was support and to me the market was oversold.

The bulls moved about 5 % to the north and the extention is gone. 5/20 daily is negative. I am watching the 50 ma nq...shorts possible there.

50 ma monthly did it....

The bulls took control at the end of the day but

the 5 ma daily was to much resistance.

Looking for a higher low nq in the 60' frame today. Waiting for confirmation in the smaller frames because of the negative sentiment in the market.

The sentiment remains negative ...but...

The rally at the end yesterday was negative but the 50 ma monthly ym is almost reached again.

For me, it's oversold. Looking again for longs ....

20 ma monthly nq in play today....

Still a lot of negative sentiment but the monthly frame is in play. Looking for longs but waiting for signals in the smaller frames.