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'.
Monday, July 31, 2006
Friday, July 28, 2006
20060728 GDP weaker figures, pushes ES into the zone of the wicks. If we can get the close above 1285, might lead to further rally. E-mini S&P 500 chart
Thursday, July 27, 2006
20060727 Long tailed candlesticks on ES indicates selling. Needs to break above 1285 convincingly to push higher. E-mini S&P 500 chart
Wednesday, July 26, 2006
Tuesday, July 25, 2006
Monday, July 24, 2006
20060724 Health care stocks rise due to better profit announcements, sparking rally on the ES. E-mini S&P 500 chart
Friday, July 21, 2006
20060721 ES erases the gains made (after the Bernanke comments) Looks to have retraced 61.8%, possible to make continuation move up. E-mini S&P 500 chart
Thursday, July 20, 2006
20060720 ES retraces some of the big gains, turns out to be stronger than the big caps. CCI looks to be consolidating along zero line. E-mini S&P 500 chart
Wednesday, July 19, 2006
20060719 Big rally to moving average resistance, on Bernanke 'elevator' comments. E-mini S&P 500 chart
Tuesday, July 18, 2006
20060718 To our expectations, the ES rebounds from intraday oversold conditions. E-mini S&P 500 chart
Monday, July 17, 2006
Friday, July 14, 2006
20060714 With the CCI below zero, ES could be continuing on downward move, but expecting a technical rebound. E-mini S&P 500 chart
Thursday, July 13, 2006
20060713 ES tumbles, momentum shift after the ZLR buy signal fails. Fears of escalation of conflict in the middle east cause crude oil to spike to US78 per barrel. E-mini S&P 500 chart
20060713 ES momentum shift reversal, after failure of zLR buy signal. Middle east conflict widens by Israel spark fear of escalation, with crude oil spiking to US78 per barrel. E-mini S&P 500 chart
Wednesday, July 12, 2006
Tuesday, July 11, 2006
Monday, July 10, 2006
Friday, July 07, 2006
Thursday, July 06, 2006
Wednesday, July 05, 2006
20060705 North Kores test fired 7 missiles today. ES price action shows an evening star reversal pattern, along with CCI punching below +100, indicates a sell signal. E-mini S&P 500 chart