Friday, September 25, 2009

9/25/2009 115 pm update: NQ, ES

  • in my view, a breakdown today of the ES and the NQ during the midday hours, is NOT bearish...
  • while the ES and the NQ may trade a bit lower toward their respective support levels at 1035 and 1790, i believe the odds are now tilted a bit more to the bullish side for an upside recovery in the ES and the NQ by the close of trading today...
Disclosure: Long NQZ09, Long ESZ09.

***remember this is an illustration of what i am trading and my thinking...my trading plan may change without notice...this is not a recommendation for you or anyone else, to buy or sell this or any other security...trade at your own risk***

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