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Yesterday I sent out the following tweets:
Further to my last weekly market update, here is a summary of where money flow ended for Week 3 of March, 2012.
The Weekly charts below of YM, ES, NQ & TF show that they all made a higher close than the prior week. The uptrending channel is still holding as support and direction for the Weekly timeframe. Secondary support levels lie at the middle Bollinger Band (12386 for YM, 1291 for ES, 2419 for NQ, and 768 for TF…note the bullish crossover of the mid-BB with the 50sma on TF this week…now the mid-BB is above the 50sma on all 4 e-mini futures indices).
