ES

ES trends... VST bullish > 1354 ST bullish > 1332 (last countertrend sell signal was at 1384) IT bullish > 1311 LT bullish > 1310 Key number in VST is 1345.50 area. That is where bottom of trident uptrend channel aligns with support. If they break the trident channel, then it could be the start of a rolling over process on the trends--but if the channel holds, then this could just be a typical pullback in the context of an uptrend.

First 60-min bar closed above support. That should trigger a buy in the trading platforms. Protective stop under the LOD should work here, if so. 1354 on ES is first target if the buying gets legs.

Moved stop to B/E just under current bar low. Now a no-risk trade looking for higher highs/higher lows.

Edited by swinger, 11 April 2008 - 09:47 AM.

Trident channel chart for Deva...