Tuesday, June 21, 2005

20050621 Look for counter trend setup

20 ema 15 min=1548.50 30 min=1547.50 60 min=1547.50
Last 1.5 hours trade w strong move down

Looking for a counter trend setup, the best would be against the 20 ema levels after a big bar on the first 30 min of >10 NQ points. Look for a selling bar or a pivot bar on the 5 minute for the trade.

NQ daily chart

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