20050729 A bearish candlestick pattern, showing selling. Expect urther downside from here, but ES is resting on moving average support.
E-mini S&P 500 chart
Chronicle of trading in ES S&P 500 index futures using momentum indicator CCI. Charts by www.futuresource.com. Note: The content here are for educational purposes only. Nothing in this blog constitute advice to buy or sell financial instruments and should not be construed as 'investment advice'.
20050729 A bearish candlestick pattern, showing selling. Expect urther downside from here, but ES is resting on moving average support.
20050728 2nd day of continuatin of the break out of the ID/NR4. Headlines says "S&P and Nasdaq climb to 4 year highs"
20050726 An ID/NR4 inside day/narrowest range last 4 days setup for breakout either side.
20050721 Daily candlestick is or selling interest overwhelming buyers. Expect more weakness at least on open today.
20050719 Buying interest seen in the candlestick. CCI back above +100, a +100 rejection is a buy signal but is aggressive, with the risk being higher than a ZLR.
20050718 CCI closed below +100, a sell signal, coupled with the selling candlestick, so the move down could have begun. Needs CCI to get back above +100.