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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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NOTABLE POSTS WITH IMPORTANT UPDATES...

Wednesday, May 18, 2011

TF Update...

Today the TF closed back inside the BLUE triangle that had been forming since the beginning of the May Opt. Exp. period (as well as since the beginning of April...the 2nd Quarter) & just below the apex @ 835.80 and the 50sma (see 4-hour chart below). If price breaks & holds above the triangle downtrend line at some point, watch for the 50sma (red) to cross back above the 200sma (pink) and for price to hold above the 50sma on any further advance, as well as a re-establishment of a new uptrend. Otherwise, there could be more sideways movement (generally speaking) in the longer term between 872.00 and 813.10 as shown on the second chart (1-hour) below.



Just a general comment re: YM, ES, NQ & TF...for now the 50sma on their Daily charts is a tough level for bears to capture and hold price beneath. Even the NKD closed above its downtrending 50sma today.