Pages

Friday, July 22, 2011

An Intraday "Bigger Picture" Look at YM, ES, NQ & TF

Just a "bigger picture" look at the 4 e-minis...TF is still below its "mean" of the larger regression channel (from last December) and just below +1 deviation of the smaller falling regression channel from May...YM & ES are just above their larger channel "mean" and NQ is still well above...TF will need to break out of this "expanding triangle zone" one way or the other...it's still the laggard on strength...that puts resistance around 844.00 and support around 837.00 on this 4-Hour chart :