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Thursday, April 21, 2011

Thursday mid-a.m. review...

The 50sma's (red) have X'd above the 200 sma's (pink) on the 60 min globex charts of YM, ES, NQ & TF...I'll be watching to see whether price can hold within the vicinity of yesterday's 4:00p.m. long green candle...first level of support may be established around their 21 ema's (white) or fall back to the 50 sma's:   




http://www.screencast.com/users/strawberryblonde/folders/Jing/media/d7c8242f-0904-41d8-8ade-ab118a634168

I'm also watching USD and TLT intraday for possible clues on direction.