5/20 is negative now on nq, es and ym....

Technical it's short and if the bulls catch the 20 ma daily, the declining 50 ma daily is resistance.

Looking for shorts therefore.

5/20 remains negative on es and ym...

The situation is the same as yesterday. Nq tries to catch the 20 ma daily but on ym and es the smaller frames are still moving under the 20 ma daily.... Divergence is always difficult.

And we saw a pullback .....

Today we can long the rising 5 ma daily or short the declining 20 ma daily. Plan your trades and trade your plan. Longer term, I am looking for longs towards the 5 ma monthly.

The bounce was earlier than expected....

The signals of yesterday looks positive but the 5/20 daily on es and nq are negative. Looking for shorts therefore. Target the 5 ma daily.

50 ma monthly again in play today...

The sentiment is negative. The daily frame is negative. But, 50 ma monthly is still support....therefore looking for longs but waiting for signals in the smaller frames.

The sentiment is negative....but...

The bears are in control but I watch the 50 ma monthly ym. Could be support.

20 ma nq is almost ...

Heavy sell yesterday but support on the 20 ma nq.