Divergence remains...

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.

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.

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.

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.

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!!!

5 ma monthly in play....

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

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.

5 and 20 ma monthly in play and support....

The monthly is in play and we see a bounce from

1200 till 1214. 5/20 60' could turn positive now

but 20 ma daily is resistance ....

Looking for longs in the green area.

50 ma and 20 ma daily in play...

The smaller frames are moving between the declining 5 ma daily and the rising 50 and flat 20 ma daily. To hold or not????

5/20 daily is still positive....

The smaller frames are moving between the 5 and 20 ma daily. Therefore looking for longs in

the green rectangles.

The 20 ma daily nq generated longs on Friday.  5/20 daily is positive.

20 ma daily in play....

The smaller frames are moving today between the declining 5 ma daily and the flat 20 ma daily.
Technical looking for longs.  Waiting for signals in the smaller frames because of divergence between nq, es and ym.

5 ma daily is again support after the rollercoaster...

A lot of action yesterday but at the end the smaller frames arrived at the same levels as at the beginning of the session.  Watch te elllipses for longs or shorts.

Bullish sentiment....but vulnerable....

The sentiment is bullish but longs are risky. Look at the daily tail on Friday, Monday and yesterday. 5/20 60' is still bullish, therefore longs get the benefit of the doubt in the smaller frames.

5 ma daily in play...support or not....

Longs were vulnerable yesterday but the 5 ma daily is still rising and reached today the smaller timeframes. We see already a first bounce but 5/20 60' is resistance. Who wins????

200 ma daily es still in play....

5/20 daily made a positive cross and that's bullish to me. But 200 ma daily es is in play and I wait for another pullback because of extention.

200 ma daily es again in play today....

The sentiment remains bullish but longs could be vulnerable because of the 200 ma es and some extention.

Completely surprised yesterday....

It was again a nice example of 'the market is' and as a trader we need to know that there are no securities but only probabilitys when we plan a trade.