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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

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...If the dots don't connect, gather more dots until they do...




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Tuesday, February 19, 2013

YM, ES, NQ & TF Range Update

So far today (as of 12:30pm), the YM, ES, and TF are attempting to break and hold above their respective trading ranges, as shown on the 60 min (market hours only) charts below. The NQ, however,  remains a laggard as trading continues within its range.

Meanwhile, the EUR/USD has advanced modestly, so far, this week, as shown on the Weekly chart below. It remains above its major support level of 1.3255ish, as I last discussed in my post of February 7th, but below its 200 sma (pink). Until we see price regain and hold above the 200 sma, with the 50 sma (red) crossing above the 200 sma, it's still under the bearish influences of an existing, longer-term moving average Death Cross formation.

We'll see if further support/buying comes into play this week on these four E-mini Futures Indices and the Euro, or whether any meaningful weakness enters in one to, potentially, negatively influence the others.