20060531 ES daily chart. 

E-mini S&P 500 chart

20060530 Engulfing bearish on the ES coupled with ZLR sell signal, makes this one particularly strong. 

E-mini S&P 500 chart

20060526 ES support is 1270. Gains continue, as we expected, ahead of the Memorial Day long weekend. 

E-mini S&P 500 chart

20060526 11:33 am EST. YM 11200 calls now in healthy position, as the market has rebounded as we expected this week. 

E-mini S&P 500 chart

20060525 The reversal we looked for finally came. The June 11200 calls on the YM looks healthier now. 

E-mini S&P 500 chart

20060524 Unlike the Russell, not a reversal hammer formation, but a big spinning top. Divergence with CCI may limit downside and support any reversal from this 'indecision' candlestick. 

E-mini S&P 500 chart

20060524 10:04 am EST. Buying against the pivot turned out to be a good trading idea. 

E-mini S&P 500 chart

20060523 ES reached moving average intraday, but resistance and new selling drives into lower close. 

E-mini S&P 500 chart

20060522 ES chart CCI and price shows a little bit of a divergence. The TRIN intraday reached very high levels, which signals capitulation maybe.

E-mini S&P 500 chart

20060519 Basically with the view of a market bounce, you can pick and choose whatever option instrument, as in the above ES June 1270 calls or the SPY June 127.0 calls.

E-mini S&P 500 chart

20060519 Option position went into positive temporarily. Hopefully after this retracement, continues to rally 1 or 2 days more. 

E-mini S&P 500 chart

20060519 ES makes a spinning top candlestick formation. Indicates indecision, but hopefully the reversal on the Russell futures will drag the ES into another couple of days of rally. 

E-mini S&P 500 chart

20060519 12:05 am EST. YM Jun 11200 calls long 2 contracts @ 143. Looking for a couple days bounce in the market after 8 consecutive down days. 

E-mini S&P 500 chart

20060518 ES headed for next support 1255, might be able to set up option play for longs there. 

E-mini S&P 500 chart

20060518 6:27 am EST. Looking at the TRIN index for yesterday trading, there was a reading of above +2 into the close, closing at 1.92. Indications are for a gap open on 19 May. At the current time the ES (emini S&P500) is +6.75 on volume of 72,900 contracts, which going into US market opening should see gap up on regular session charts.

E-mini S&P 500 chart

20060517 S&P 500 futures breaks through 1282 key level. CCI momentum gathering pace.

E-mini S&P 500 chart

20060516 1282 remains in focus, could be testing that soon, judging by weak price action and CCI negative momentum down. 

E-mini S&P 500 chart

20060515 ES rebounds in late trading today. Looking for move back up to the moving average to setup short play. 

E-mini S&P 500 chart

20060512 ES not quite the triple top formation as we see in the Russell 2000 futures. A good position trade strategy, looks to be to short a pullback to the 1306 level. 

E-mini S&P 500 chart

20060511 The NYSE $TRIN or Arms Index, shows a steady uptrend, which typically characterise a trend day down in play. 

E-mini S&P 500 chart

20060511 5 min ES trend day down. 

E-mini S&P 500 chart

20060511 The 1321 support broke with a trend day move.(might be due to FOMC wording) 1306 remains the focus support level. The current intraday retrace to 1311-12 may provide a good level to short, CCI momentum turns down for the first time in many weeks, supporting the short on strength play. 

E-mini S&P 500 chart

20060510 ES 1321 proves to be strong support, needs watching. 

E-mini S&P 500 chart