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Welcome and thank you for visiting!

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 $$$...

Late Summer

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NOTABLE POSTS WITH IMPORTANT UPDATES...

Friday, March 08, 2013

2013 Channels: YM, ES, NQ & TF

As I write this just after 1:00 pm EST on Friday, price on the YM, ES, NQ & TF is holding above the 50% level of their uptrending channels, as shown on the 4 Hour (Globex) charts below. They dropped sufficiently from their recent highs to work out short-term overbought RSI conditions.

A drop and hold below the 50% level could send price down to the 25% channel level, or to the bottom of the channel. Upside targets include the upper 25% level and the top of the channel.