20050830 The expected strength in the morning did not eventuate, with the ES gapping down. An ID pattern today, indicating possibility of either side breakout. 

E-mini S&P 500 chart

20050826 Further break today, following the CCI momentum downwards. The buying the day before seems to be just technical. 

E-mini S&P 500 chart

20050825 A pause in the down move. Candle indicates buying interest supporting the market. 

E-mini S&P 500 chart

20050824 With CCI momentum downside, ES today broke down. Should be continuing in the week ahead. 

E-mini S&P 500 chart

20050823 Break lower, found some buying support. CCI momentum still down. 

E-mini S&P 500 chart

20050822 Sideways action, coiling the spring for the imminent breakout soon. 

E-mini S&P 500 chart

20050819 Tried to move back up, driven back by sellers on the candlestick plus the CCI downward momentum. 

E-mini S&P 500 chart

20050818 Anogher doji candlestick. CCI is to downside in terms of momentum. 

E-mini S&P 500 chart

20050817 Weakness in morning as expected, with a rally following the falling crude oil price. But ES unable to hold gains. CCI momentum points down. 

E-mini S&P 500 chart

20050816 Big black candlestick indicates selling pressure, could be due to ong liquidation. Expect more downside on open today. 

E-mini S&P 500 chart

20050815 S&P 500 futures CCI is swadling between zero lines=> sideways price action. Waiting for move from the CCI to indicate the momentum direction. 

E-mini S&P 500 chart

20050812 Candlestick today show selling interest. CCI moving below zero, indications of further downside, at least on the open on Monday next week. 

E-mini S&P 500 chart

20050811 CCI back above zero, could be zero line reject, but I think could be sideways range for a few more days. 

E-mini S&P 500 chart

20050810 CCI making smal moves round zero line indicates sideways action. Today the candlestick is a huge doji, balance between demand and supply. 

E-mini S&P 500 chart

20050808 At the moving average support. Critical point is when 50 cci crosses down below zero, which could signal change in trend. 

E-mini S&P 500 chart

20050805 The expected weakness in the morning did eventuate, and accelerated throughout the day. Note that this is day of unemployment report and crude oil price hit new nymex contract record. 

E-mini S&P 500 chart

20050804 ES big selling candletick, more downside 5 Aug, at least in the morning anyway. Divergence played out nicely. 

E-mini S&P 500 chart

20050803 

E-mini S&P 500 chart

20050802 CCI rejection of Zero line, a buy signal, but need good movement above +100. 

E-mini S&P 500 chart

20050801 Continuatin of downside move. 

E-mini S&P 500 chart