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, April 28, 2006
Thursday, April 27, 2006
20060427 ES needs to hold above 1310 to maintain the upside momentum of the current move. E-mini S&P 500 chart
Monday, April 24, 2006
20060424 ES long wicks on the candlesticks indicate markets are still uncertain on direction, with doomsday merchants harping on US75 oil. E-mini S&P 500 chart
Friday, April 21, 2006
20060421 Big doji on the ES, indicates uncertainty due to the oil price hitting above US75 per barrel. E-mini S&P 500 chart
Thursday, April 20, 2006
20060420 S&P 500 shows some resilience, despite the strong gains of late, mild profit taking. Dow breaches 10400, but closes below. E-mini S&P 500 chart
Wednesday, April 19, 2006
20060419 The day fter 425 of the 500 S&P500 stocks rose. Continued momentum pushed into higher ground, holding the 1309 support. Oil price above USD72 per barrel was ignored. E-mini S&P 500 chart
Tuesday, April 18, 2006
20060418 Breaks through resistance at 1309 (previous support), looking t buy dips. E-mini S&P 500 chart
Monday, April 17, 2006
Thursday, April 13, 2006
20060314 ES remains below the 1309, since the break of that suport identified last week. Needs to get above that to negate possible downside. E-mini S&P 500 chart
Tuesday, April 11, 2006
20060411 cci fals below zero, support at 1309 broke. Looking for shorts on pullback to mov avg. E-mini S&P 500 chart
Monday, April 10, 2006
20060410 A pause in the downward movement, possibly continuing once 1399 is taken out. E-mini S&P 500 chart
Saturday, April 08, 2006
20060407 Looks to be pretty strong momentum building to punch through the bottom of 1300-20 range. If it does can present opportunity to short the first pullback. E-mini S&P 500 chart
Thursday, April 06, 2006
20060406 Did not make the assault on the 1320 level as expected, but buyers still stepped in to stem the early selling pressure. E-mini S&P 500 chart
20060405 Testing the top of the 1300-1320 range, a break above can see some distance to travel up. E-mini S&P 500 chart
Tuesday, April 04, 2006
20060404 ES needs to breakout of the recent 1300-1320 range for significant movement E-mini S&P 500 chart
Monday, April 03, 2006
20060403 Resistance faced at 1315-1318, from the wicks of the candles. Bigger picture is within the 1300-20 level consolidation. E-mini S&P 500 chart
Sunday, April 02, 2006
20060331 ES is trading sideways consolidation in 1300-1320 range. Needs to break out either side to see significant moves. E-mini S&P 500 chart