Friday, July 29, 2005

20050729 A bearish candlestick pattern, showing selling. Expect urther downside from here, but ES is resting on moving average support. Posted by Picasa

E-mini S&P 500 chart


Thursday, July 28, 2005

20050728 2nd day of continuatin of the break out of the ID/NR4. Headlines says "S&P and Nasdaq climb to 4 year highs" Posted by Picasa

E-mini S&P 500 chart


Wednesday, July 27, 2005

20050727 Breakout on the upside of the ID/NR4 setup. Posted by Picasa

E-mini S&P 500 chart


Tuesday, July 26, 2005

20050726 An ID/NR4 inside day/narrowest range last 4 days setup for breakout either side. Posted by Picasa

E-mini S&P 500 chart


Monday, July 25, 2005

20050725 Failed break out of the inside day, but still not stopped out yet. Posted by Picasa

E-mini S&P 500 chart


Friday, July 22, 2005

20050722 Weakness in early morning trade as expected, but ES closes strongly. Posted by Picasa

E-mini S&P 500 chart


20050721 Daily candlestick is or selling interest overwhelming buyers. Expect more weakness at least on open today. Posted by Picasa

E-mini S&P 500 chart


Wednesday, July 20, 2005

20050720 CCI still strongly above +100 uptrend continues. Posted by Picasa

E-mini S&P 500 chart


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. Posted by Picasa

E-mini S&P 500 chart


Monday, July 18, 2005

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. Posted by Picasa

E-mini S&P 500 chart


Friday, July 15, 2005


20050715 Doji candlestick-indecisiveness Will have to get further clues on direction from market. Not quite an inside day to point to possible ID/NR4 breakout trade. Posted by Picasa

E-mini S&P 500 chart


Thursday, July 14, 2005


20050714 Continuation of upmove as expected. However 14 July looks very much like a candle where sellers came in to drive the close below the midpoint. So expect some consolidation range trde with profit taking coming in. Posted by Picasa

E-mini S&P 500 chart


Wednesday, July 13, 2005


20050713 Upward momentinum continues with CCI above +100 Posted by Picasa

E-mini S&P 500 chart


Monday, July 11, 2005


20050711 Momentum is strong on upside, with CCI above +100. Could pave the way for the rally to continue. Posted by Picasa

E-mini S&P 500 chart


Saturday, July 09, 2005


20050708 Big candlestick bar indicates buying interest, with CCI flipping above zero indicates a possibility o continuation of upside. Mov avg support is 1202, a good reference for taking long swing trade. Posted by Picasa

E-mini S&P 500 chart


Thursday, July 07, 2005


20050707 Big move in the globex session ES hit low of 1171. Momentum looks to cntinue on downside but have to keep in mind the way the market reversed off the low and closed higher. Posted by Picasa

E-mini S&P 500 chart


Wednesday, July 06, 2005


20050706 With the move down, it looks like the downtrend resumes with some momentum given the CCI starts to move in that direction. Posted by Picasa

E-mini S&P 500 chart


Tuesday, July 05, 2005


20050705 Established support at the mov avg Bunced off and now should resume the general uptrend. However CCI is rangebound around the zero line which shows n conviction on mementum either side. Posted by Picasa

E-mini S&P 500 chart