Yesterday was a green day, but in the smaller frames, shorts were possible because of the 50 ma daily nq. The situation for today is more or less the same.
Friday, December 30, 2011
Thursday, December 29, 2011
20 ma and 50 ma daily nq in play today...
In ym and es the smaller frames are moving
between the 5 and rising 20 ma daily.
5 and 20 ma daily are resistance in nq.
Thursday, December 22, 2011
The 200 ma es is still resistance...
5 ma daily is rising and support, the 200 ma is still resistance. 5/20 60' is positive.
Wednesday, December 21, 2011
Positive sentiment but don't chase....
5/20 60' is often key intraday and also yesterday was a good example. I predicted some shortlevels but the positive sentiment was to big.
To me it's to extended for longs and the 200 ma daily could be resistance.
Tuesday, December 20, 2011
A lot of extention between ym, es and nq....
20 ma daily es and nq are resistance if we gets higher but 5 ma monthly ym and 20 ma es monthly are support if we gets lower.
Plan your trade and trade your plan!!!
Monday, December 19, 2011
5 ma monthly in play....
The smaller frames are moving between the declining 5 ma daily and the declining 5 ma monthly.
Friday, December 16, 2011
5 and 20 ma daily in play...
The extention I saw yesterday is gone.
5 ma daily is reached again and the 20 ma daily is still support.
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