Here are a few thoughts and charts of several markets that may be worth monitoring over the coming days and weeks to gauge potential market strength, sentiment and direction…
The first charts are Daily charts of the YM, ES, NQ, TF, & NKD.
You can see that 3400 is an important level for the NQ to hold on any future decline that may lie ahead. As well, the TF will have to break through and hold above some resistance at 1150 to re-enter its major rising channel. The ES is nearing an all-time high, while the YM has a bit further to go yet in that regard. Volumes have been much higher lately. (more…)

