THE BULL CONTINUES 4-03-19

The NQ lead yesterday like I thought while the ES which was leading took a break. This morning they are both gapping into new yearly highs with short term targets right here. The charts I posted have them. I might try a short, but need to be careful as the uptrend is might strong.

tells

IWM – struggling lately is still below the 200 day of 156.7 area.

xle and crude – crude continues to run as isnt seeing much res here at the 200 day moving average. XLE is still below the key 67.42 pivot high. Warch 66.22 for support.

XLF – has had a major bounce off the major selling. GS is approaching 200 again and JPM is back to 106 with 108 plus as prior high. The 200 day is above at 26.61 and prior high of 27.10.

IYT – the transports has made a big move from below 180 to a high yesterday of 192.4 and sold off. Lets see if it can find a bid today and hold. Yesterdays low was 190.81.

SMH – is right near the year high of 100.6.. lets see if it can sustain higher.

xlk – has been on fire.Its gapping this morning to new year high and is close to all time high of 76.22.

be careful doing counter trend .. have good entries with tight stops if tried.

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