S&P 500 Charts
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'.
Friday, September 30, 2005
Thursday, September 29, 2005
20050929 Bears unable to hold the prices down, candle shows buying pushing up to close near highs. This move out of the consolidation (coiled spring) could be the prelude to a continuation of upside move. E-mini S&P 500 chart
Wednesday, September 28, 2005
Tuesday, September 27, 2005
20050927 Big doji candlestick. CCI momentum on downside, watching which way CCI breaks, but balance is on the downside. E-mini S&P 500 chart
Monday, September 26, 2005
Saturday, September 24, 2005
20050923 1225.8 is a good level to short against, (moving average) for swing trade short. E-mini S&P 500 chart
Thursday, September 22, 2005
20050922 A rebound after 3 days down. 1224-1225 around the level of the 9 moving average would be a level to look for short to continue the downtrend alluded to yesterday. E-mini S&P 500 chart
Wednesday, September 21, 2005
20050921 A econd consecutive big selling candlestick. Now way below moving avgs, so could be start of a period of downtrend. CCI momentum accelerates to the downside supporting down bias. E-mini S&P 500 chart
Tuesday, September 20, 2005
Friday, September 16, 2005
20050916 Bounces off the moving average support, showing a ZLR buy signal today. E-mini S&P 500 chart
Thursday, September 15, 2005
20050915 A balanced day between buyers and selllers, ahead of options expiration on Friday. E-mini S&P 500 chart
Wednesday, September 14, 2005
20050914 ES testing the moving averages, crucial for the market to hold these levels. E-mini S&P 500 chart
Tuesday, September 13, 2005
20050913 Break in the ES to test the moving average. Have to see if can move up from here. E-mini S&P 500 chart
Monday, September 12, 2005
Friday, September 09, 2005
20050909 Big candle indicates buying interest, bring S&P 500 near the previous highs. Expect more strength on the opening on Monday, barring unforseen news events. E-mini S&P 500 chart
Thursday, September 08, 2005
Wednesday, September 07, 2005
20050907 A consolidation candlestick after the big rally. CCI momentum turning positive. E-mini S&P 500 chart
Tuesday, September 06, 2005
20050906 Simultaneous breakout of the ID (inside day) candlestick and CCI punching above the zero line. Should be more strength tomorow, at least in the morning. E-mini S&P 500 chart
Friday, September 02, 2005
20050902 In between the moving averages, and formed an ID (Inside Day). CCI momentum on the downside. E-mini S&P 500 chart
Thursday, September 01, 2005
20050901 Some initial follow thrugh early morning, which is expected after a big candlestick. Doji by the end of the day, with CCI trying the major resistance zero line. If CCI goes through zero could signal more upside ahead. E-mini S&P 500 chart