if anything, for all the longer term position players, the daily chart is in a TOP AREA trading range getting ready for a declining phase, not quite confirmed yet though, my shorter term charts are more dominant(advancing phase playing out well now)...
We need Apple/Rimm and Google to start moving, once that starts happening NQ will move up and ES will move quickly.
system says we put in a major bottom this morning I mean like a multi year bottom serious uptrend from here
Under condition that we will not get bellow 68. Did you notice how 200 EMA on daily stopped like brick wall NQ rally? And do you think that with todays momentum we can break this wall and all those MAS those are a bit above todays ES high?
NQ PA is very bearish right now. It is trying to form a bottom around the 40, 3 test so far since the open.