Still strong but vulnerable...

The bulls were again strong yesterday but new highs are vunerable. The 5 ma daily is support.
5/20 60' is still positive...

Strong but longs are vulnerable....

The bulls were strong but longs are vulnerable.

Watch the overhead in the daily frame.

Wait for a pullback to go long.

The smaller frames crossed the 20 ma daily....

The smaller frames crossed the 20 ma daily and that's bullish. Looking for longs after a pullback.

2215 looking for shorts.

20 ma daily was resistance yesterday....

5 ma daily is key today. Yesterday we hit on es and ym the 20 ma daily and the market went southward. I expect pressure on the 5 ma daily...

but for me it is still oversold in the monthly.

5 ma daily is rising....20 ma is declining

The price is still caught between the declining 20 ma daily and the rising 5 ma daily.

2150 and higher = short

2115 and lower = longs

5 ma daily is again support today....

The smaller frames moved four days under the 5 ma daily. Yesterday they crossed the 5 ma daily again but the 200 ma 60' was to much for the bulls. Looking for longs in the area of the 5 ma daily.

The declining 5 ma daily is reached....

The extention is gone. 5/20 60' is positive on this chart. Looking for shorts if we gets higher because 5/20 daily is negative.

Too fast to the south....looking for longs

The negative daily together with the negative sentiment sent the market southwards.

20 ma monthly is again in play now....therefore looking for longs.

The 5 ma daily is still support...

The 5 ma daily is support but the declining 20 ma daily remains overhead-resistance.

I repeat that we see a negative 5/20 daily in a positive 5/20 monthly. That means "daily frame" traders remains negative as long as the 20 ma daily is resistance.

For the "monthly frame" traders is the 5 ma monthly target.

Plan a trade and trade your plan.

5 ma daily is still support....20 ma is declining...

The extention "down" is gone now. Therefore looking for shorts because of the declining 20 ma daily.

The bulls were strong ....5 ma daily is support again...

The market is very volatile. The bigger picture is in play. Therefore looking for longs again if the market is weak. The reaon is support and extention.

Support in the monthly frames....shorts are vulnerable...

A sell of 400 point in a few days is to heavy. That's why we saw a enormous bounce on Tuesday. The sentiment is still negative BUT if the bigger timeframe overrules, a reversal can go fast.

Tecnical it's heavy oversold but the sentiment is very negative...

The lower rating for the US generates fear and a lot of negative sentiment....The charts tell us to stay calm. The moving averages decreases very fast in the smaller frames ( look at 5/20 daily) BUT the 20 ma monthly is now support.
Of course, technical analyses don't work if panic dominates among the traders. Therefore, waiting for some positive signals before jumping on the "longtrain" is an option.

Negative sentiment but 20 ma monthly es hit....

No reason to sell here because of the 20 ma monthly. Looking for longs again because of support and extention....Again, shorts are vulnerable now...

50 ma weekly ym is also reached = support

We hear a lot of negative news in the media and the bears are strong but....the negative 5/20 daily is still declining in a rising positive 5/20 monthly...Looking for longs but waiting for signals in the smaller frames.

50 ma weekly es could be support today....

The sentiment is still bearish but watch the 50 ma weekly es. Looking for longs...waiting for signals in the smaller frames is an option.

Negative daily in a positive monthly....

Here I am again after 4 weeks of vacation.

The bears are strong and the sentiment is weak but....it is still a negative 5/20 daily in a positive 5/20 monthly...If the bigger timeframe overrules the smaller one....So, looking for longs therefore...