Wednesday, April 25, 2012

Post Pinch ES and NQ charts - momentum

By Hedge Ly | 4/25/2012 09:08:00 AM |

makes lemonade when the charts are pointing higher... anyway the ES pinch @ 1375 paid you 11 handle into 1386.25's.. the pinch in NQ @ 2690 paid 10 handles into 2705. keep it simple.

15 min ES
15 min NQ
Expect a breather into the afternoon.. and a slow grind.. with profit taking coming into the last hour of the day... plus FOMC announcement at 12:30 pm ET will also inject volatility.

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