|15 min ES|
WE closed under the pre market high of 1373.75 though so far we are over 1370. A level we have NOT closed over in a year. Nasdaq continued her break out into the 2630 zone. 2635 ist he high. I am looking at the light blue dotted uptrending line which continues from last sunday; as support. Below the line we have to look back at 1366 as support.
If you remember earlier today i highlighted an inverse H&S in the ES, the head was slightly below 1365 – 1364.75 to be exact. Yesterday and last thursday the NQ exhibited similar trading programs which resulted in a very tradeable trend. DOW futures are still 5 points under 13000 as of this article, though pre market it traded 13023.
|TLT 5 min.. notice the trend break late into session today|
Bonds showed weakness into the close after nearly a week of gains in the face of a declining dollar, which is on year lows 78.23..
I am looking for TLT to break down below 118 and test the 115 again again, perhaps by thursday or friday.