Monday, April 23, 2012

4 hour ES update - 1340 followed 1350

4 hour ES_F - notice 1340 level @ dotted vertical line

IF 1350 trades and fails... 1340 is next line of defense.. this slow grind down today is the type which can grind you up.. best to step back and let the meat grinder mill pink slime while you wait.

Below is the NQ.. all major supports taken out.. 2630 is lowest level since first week of March.. below 2630 means we test 260.. the 'big' break out level which was the index was carried on the back of apple from 500 to 644.   
connect with Sellputs here.
5 min NQ