Nasdaq futures, 15M intraday – marginal new low at a test of bottom tells us to stalk long opportunities as long as they make sense. In one time frame up we have “bear flags” forming on the 45M chart – the next long opportunity for swing traders (as opposed to intraday scalpers) is likely to be a long above the next 45M down bar or at least 1 or 2 15M down bars of sufficient depth.
S&P 500 futures, 15M intraday – the analysis is identical here.
Dow 30 futures – 45M intraday – already triggered against the “bear flag” in this time frame; given that YM is offered a 2B test of bottom – DIA / YM swing traders may be long at point (1) and those not already long stalking an opportunity now at point (2).
05.03.14 10:54 #