2005103 Rally continues into resistance of the moving averages 1212 area, which might provide areas to short into for scalps. 

E-mini S&P 500 chart

20051031 The ES option trade worked out, with no hassle, stress associated with the hurly burly world of daytrading for ticks. 

E-mini S&P 500 chart

Soon after the market opened on Thursday 27/10/2005, there was an opportunity to establish a long position in the indices. The ES Nov 1190 calls were trading around 16 points (US800), with the ES moving down in a 'crash' situation, settled around 12.50 points at the close. Friday 28/10/2005 comes around, with good newsflow the options settle around 21 points. Now the great thing about this trade is allowance for good risk management and control, thus enabling the astute trader to hold on to the bullish view without being unduly shaken out. Some might say 'the ES options market are traded with very little volume', but the fact remains market makers are there to provide liquidity, during US equities trading hours bid/ask will see 300 to 1000 contracts on a 2 tick spread, which makes this instrument an excellent choice for swing trading.

E-mini S&P 500 chart

20051028 Engulfing Bullish candlestick, however the ES is in a big range with lots of volatility, which is a sign of a change in trend or impending big move. Anticipate a move of 10% either way. 

E-mini S&P 500 chart

20051027 Downtrend resumes with the ZLR on the CCI. 

E-mini S&P 500 chart

20051026 Testing moving average support, with a bullish continuation pattern forming. Look to buy into support at the moving average for next leg up. 

E-mini S&P 500 chart

20051025 A welcome pause after the volatility of the past few sessions, could continue upwards. 

E-mini S&P 500 chart

20051024 A breakout of the ID pattern to the upside with strong rally ensuing. The nomination for appointment as FOMC Chairman of Ben Bernanke, was the driving force behind the rally. Looking for more strength early Tuesday trade. 

E-mini S&P 500 chart

20051021 A second consecutive ID, however the range is 1190-1175. Be on the lookout for breakout either side. 

E-mini S&P 500 chart

20051020 Not even a hint o the expected strength on the opening, with small gap down, with no way back after that, closing near lows. Seems the CCI momentum is the dominant theme and overpowering the bottom pickers. 

E-mini S&P 500 chart

20051019 Candlestick indicates strong buying, overwhelming those 'shorts of the century' types. 

E-mini S&P 500 chart

20051018 The rebound fizzled out. CCI momentum downside takes over and the downtrend resumes. 

E-mini S&P 500 chart

20051017 So the option play identified in the YM 10150 Oct calls are shown in the 30 min chart.

E-mini S&P 500 chart

20051017 As expected, the rally continues into the morning and holds gains into close. Waiting for next opportunity for a trade. 

E-mini S&P 500 chart

20051017 The long YM call option position is now in significant profits. 

E-mini S&P 500 chart

20051014 YM mini Dow 10150 call options. 

E-mini S&P 500 chart

20051014 Nice reward for option positions with bullish stance. Rally fueled by short covering. Rally should continue, at least for the first part of Monday morning. 

E-mini S&P 500 chart

2001013 A big doji candlestick indicates indecision, with balance between buls and bears. Could be the support has been put in. 

E-mini S&P 500 chart

20051013 Double bottom put in for the option play, let's see how far it goes. 

E-mini S&P 500 chart

2005014 The mini Dow YM 10150 Oct calls n the YM utures contract looks intereting for longs to take advantage of the view of the rebound looming after 9 straight days of selling. 

E-mini S&P 500 chart

20051012 CCI moves to downside, indicating strong momentum down resulting in another down day. Count about 9 consecutive days, so should be ready for a bounce higher. Can take some call options on the ES or YM to take advantage of extreme weakness on the opening tomorrow. 

E-mini S&P 500 chart

20051011 Faiure to hold the highs indicate a weak market. But could be opportunity to long for a bounce, look for the turtle soup reversal. 

E-mini S&P 500 chart

20051010 

E-mini S&P 500 chart

20051010 Downtrend continues, with good CCI momentum coming off a ZLR. 

E-mini S&P 500 chart

20051007 A pause in the downward movement, with an inside day pattern. 

E-mini S&P 500 chart