Tuesday, October 13, 2009

NQ rs to ES


  • yesterday afternoon, when the ES came down and tested the 1068 pivot, NQ dropped to 1716.50...
  • this am, when ES came down to test the 1068 pivot again, the NQ only dropped to 1725...
  • the ES is about 1% below its 1076 pivot high, while the NQ is about 1.7% below its 1753 pivot high...
  • the NQ still has more work to do on the upside relative to the ES...today's rs to the ES is a step in this direction...
Disclosure: Long NQZ09.

***remember this is an illustration of what i am trading and my thinking...it 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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