ajtj99's Market Pulse

[plexxus]

Hi Burk

My short term trades are mostly predicated on the 60 Minute Index charts with an eye on daily supports/resistance. Long bullish divergences and to cash when bearish divergences form so long as the primary trend remains to the upside.

I am staying long until the index charts start to put in some negative divergences on the 60 minute charts. I don't so much look at levels to get in/out of but more importantly divergences between price and the oscillators. If they happen to line up with daily supports such as was the case this time on the Nasdaq at our 2300 support zone so much the better.

Per the Comp we have some resistance in the 2375 and 2400 areas. On the SP 500 we have resistance at that 1315 area that was tested about a week or so back.