Tuesday, November 8, 2011

A lot of divergence again between es, ym and nq....



Yesterday the 3 indexes had a different setup.

Nq lost for a few hours the 20 ma daily but ym had support because of the 200 ma daily and es because of the rising 20 ma daily. At the end the market came down because the 200 ma daily es was resistance.

That means, intraday we have to be open minded and to be prepared for different situations everyday.

Again, training is the key to succes.

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