17 December 2008

Nasdaq 100 March Futures Hourly Chart


Here is a simplified screenshot of one of the futures charts I watch during the day. This one is for the Nasdaq 100 futures basis March.

I am not showing the other trends I watch on this chart for the sake of simplicity, but you will get the idea if you look at the nightly updates.

The trends with support and resistance may be a little clearer when one looks at them this way.

For short term traders I would recommend the AlphaTrends website which is listed on the left under educational links. Brian is a very good technical daytrader.