A falling knife on friday...

In the daily frame we see a lower high now.

More downmomentum is possible now...

Of course there are a lot of rising moving averages and perhaps this is nothing more than a healthy pullback. Trade what you see.

20 ma 60' was support yesterday...

It remains bullish. We buy the pullback but sell extention.

A new move to the highs on nq??

The smaller frames moving again above the 5 ma daily. Looking for longs after a pullback.

Looking shorts on ym because ym is still to extended.

The 5 ma daily nq is declining...bearish??

Ym remains very strong. On nq we see mixed signals. Again, buy strenght and sell weakness and watch out for extention.

Divergence between ym,es and nq...

Mixed signals. We see a strong ym and a weak nq.

Looking for shorts on nq and longs on ym.

20 ma daily was support on nq ....

Again a test for the 20 ma daily nq today I think.

If the bears take control, than ym is key today, because the 20 daily is still 115 points to go there.

20 ma daily could be support .....

Looking for longs because of the 20 ma daily nq.

The 5 ma daily ym is still support.