YM/ES/NQ POP! TF FIZZLE….

Friday July 26, 2013

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Well there Index traders…

Market Indices 25m Open Range

Market Indices
25m Open Range

The Russell didn’t have it in her today, only to be overshadowed by the nice afternoon gain on the other three indices.

Setup #1

Setup #1

The AM session on the TF offered the best below range momentum drive with all charts lining up on EMA and Heikin Ashi.

EMA Charts Side By Side

EMA Charts Side By Side

The remainder of the session nothing but sputter and inside the range to close just above the range and right below the daily pivot.

Market Indices 25m Open Range EMA Charts

Market Indices
25m Open Range
EMA Charts

While I tend to profess to know one thing and know it well, some days it comes at the expense of not trading the other three indices which for the most part never looked back and up they went. 

Not a bad week considering the others have been slow dragging summertime chop on lower than normal volume. It still amazes me the rise in the market but I am not one to figure out why or when it will turn.

Russell Big Pic

Russell Big Pic

I watch my chart.  I watch my market internals. I watch my open range.

Simple enough for me.

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