Smaller frames caught between...

The smaller frames are caught between the rising 5 ma and the declining 20 ma daily.

So, 5/20 daily is still negative but 5/20 monthly is still positive.

Bullish but vulnerable... 5 ma monthly in play....

After the bullish rally of yesterday, I think the market needs a break. The 5 ma monthly could be resistance and the 5 ma daily is 220 points behind. Longs could be vulnerable and chasing the market is wrong.

The bigger timeframe was support.....

The bulls came in and we see a 2% bounce.

5/20 monthly is positive, 5/20 daily is negative and 5/20 60' is positive. If the smaller frames remain strong, I see some moving averages as resistance.

To extended to me....looking for longs

20 ma monthly in play. Looking for longs.
Waiting for signals in the smaller frames.
First target the declining 50 ma in the 60' frame.

Negative sentiment but shorts are vulnerable....

To extended for me. Looking for longs but waiting for signals in the smaller frames.

5/20 monthly ym and nq is still positive.

A red day yesterday but extended to me...

A lot of divergence between ym, es and nq.

Looking for longs ym because 50 ma daily is still support. Waiting for signals in the smaller frames because of the huge negative sentiment.

The smaller frames are still caught between....

Interesting situation today. We see a bounce on the 5 ma monthly but the declining 5 ma daily is resistance. If the bigger frame overrule the smaller ....than it's up....wait and see...

Negative sentiment but shorts are vulnerable ....extended

The sentiment was negative yesterday but the supportlevels worked. 5 ma monthly is in play and to me shorts are vulnerable therefore.

5/20 daily negative but still 5 ma monthly is support...

We saw a hugh sell the last 2 hours yesterday.

But watch the daily frames, I see still al lot of support. Watch the 60' frame for support and resistancelevels.

20 ma daily ym could be support today....

The divergence makes it difficult to decide.

Therefore, today I watch especially the 20 ma ym. Looking for longs because support is possible. The smaller frames are moving between the 5 ma daily and the 5 ma monthly.

Negative daily cross on NQ but not on YM...divergence..

Ym, es and nq daily don't show the same patterns and that's always difficult.
Therefore, intraday I watch them all.
For today, ym still has support because the smaller frames are moving above the 5 and 20 ma daily and there is no negative cross. So, technical looking for longs.
Nq made a negative cross and es bounced yesterday on the 20 ma daily.

5 ma daily in play today....5/20 daily nq is flat...

2 days ago the market bounced on the 5 ma monthly towards the 5 ma daily and that's bullish.

The smaller frames are moving above the 5 ma daily, so technical it's long. But if we watch at ym daily, to me longs are vulnerable there. Trade what you see.

20 ma daily was and is still resistance...

Today I show the 60' frame. Yesterday we saw a beautiful example of resistance and support.

Watch the 20 ma daily as resistance and afterwards the 200 ma daily as support.

The market is moving at the same level as yesterdaymorning.

A red day yesterday ...negative sentiment in Europe..

5/20 60' started to cross negative in de pre-market yesterday and is still negative. The 20 ma's daily showed us a little support.

The smaller frames are now moving between the declining 5 ma daily and the flat 5 ma monthly.

Looking for longs today because of extention.

NQ almost reached the highs of Oktober....

The smaller frames are moving above the rising 5 ma daily. 200 ma es is crossed and is support now. The bulls are in favor but watch out for extention. Waiting for a pullback is safer.

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.

5/20 daily NQ seems vulnerable...

The markets are still moving above the 5 ma daily. And 5/20 daily YM crossed the 5 ma monthly in a positive way. So, longs get the benefit of the doubt.

The bulls came in because of the 20 ma daily...

The smaller frames lost of the bigger because the rising 20 ma daily was support. The markets are moving above their 5 ma daily but es has resistance because of the 200 ma daily.

20 ma ym and es to hold or not....

Nq lost the 20 ma daily but there are still a few other supportareas. Ym and es still have support on the 20 ma daily. Looking for longs on nq today if we gets lower.

The pullbacks were stronger than expected...20 ma daily in play...

The bears were strong the past 2 days. The 20 ma's daily are in play now. The extention with the 5 ma monthly is gone because of the pullbacks. To me the bigger frames are neutral.

I give longs the benefit of the doubt because of the positive 5/20 daily. Longer term, 5 ma monthly is key.