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Monday, April 18, 2011

My "Black & White" take on today's morning market action:


In a nutshell, I'll be watching for a sustained break and hold below today's lows with conviction on YM, ES, NQ, TF & NKD at some point to confirm any market weakness on the Daily charts...otherwise...well, I'll just have to see what other intraday signals tomorrow brings..."zones of interest" I'll be watching on TF are these two...814.10 to 820.00, and 820.00 to 835.80...to see whether further weakness develops in these zones...otherwise, for anything above 835.80, I'd be looking for any confirmation that strength is resuming.