Thursday, August 31, 2006

20060831 Employment number tomorrow, will dictate the impending break either side for the ES. Posted by Picasa

E-mini S&P 500 chart


Wednesday, August 30, 2006

20060830 ES broke out of the consolidation pattern we have been watching. This is a bull flag pattern. While ES is encountering some resistance, break out above the candlestick wicks of past few days will propel to new highs. Posted by Picasa

E-mini S&P 500 chart


Friday, August 25, 2006

20060825 ES quietly retracing on a bull flag formation. Posted by Picasa

E-mini S&P 500 chart


Thursday, August 24, 2006

20060824 ES shows inside day pattern. Looking for breakout either side, bias on upside, due to bull flag pattern. Posted by Picasa

E-mini S&P 500 chart


Wednesday, August 23, 2006

20060823 If ES gets below 1286, indications are for short trade. Posted by Picasa

E-mini S&P 500 chart


Tuesday, August 22, 2006

20060822 ES a spinning top candlestick pattern, indicates indecision. Could be setting up a breakout trend day tomorrow. Posted by Picasa

E-mini S&P 500 chart


Monday, August 21, 2006

20060821 ES still in bullish mode, if it can hold above support of 1288. Posted by Picasa

E-mini S&P 500 chart


Friday, August 18, 2006

20060818 CCI moves into overbought, but strong close into end of the week, create conditions for the uptrend to continue. Posted by Picasa

E-mini S&P 500 chart


Thursday, August 17, 2006

20060817 ES in uptrend, looking to buy weakness. Posted by Picasa

E-mini S&P 500 chart


Wednesday, August 16, 2006

20060816 ES looks to be short term bullish. Posted by Picasa

E-mini S&P 500 chart


Tuesday, August 15, 2006

20060815 ES closes above 1285, indications for bullish tones ahead. Posted by Picasa

E-mini S&P 500 chart


Monday, August 14, 2006

20060814 ES initial strength due to UN Mid East ceasefire plan, was unable to hold gains and becomes a 'shooting star' candlestick pattern. Posted by Picasa

E-mini S&P 500 chart


Saturday, August 12, 2006

20060811 ES closes weaker into weekend. Needs to stay above 1264 to ward off bearish sentiment. Posted by Picasa

E-mini S&P 500 chart


Thursday, August 10, 2006

20060810 ES stable, on the day of the foiling of Terror plot in London to blow up airliners with liquid explosives. Posted by Picasa

E-mini S&P 500 chart


Wednesday, August 09, 2006

20060809 ES could not hold gains, brekas into support. 1285 is the key to bulls, which fails to hold. Posted by Picasa

E-mini S&P 500 chart


Tuesday, August 08, 2006

20060808 ES fails to sustain gains on the FOMC announcement of holding interest rates unchanged. Weak closing below key 1285 level, bearish indications. Posted by Picasa

E-mini S&P 500 chart


Monday, August 07, 2006

20060807 ES pulls back into the exp mov avg support. Posted by Picasa

E-mini S&P 500 chart


Friday, August 04, 2006

20060804 ES stays above 1285 key level. Posted by Picasa

E-mini S&P 500 chart


Thursday, August 03, 2006

20060803 ES closes above 1285, with good CcI upside momentum. Posted by Picasa

E-mini S&P 500 chart


Wednesday, August 02, 2006

20060802 ES tried to break the upside, encounters selling pressure. Posted by Picasa

E-mini S&P 500 chart


Tuesday, August 01, 2006

20060801 Having got to 1285, the ES could not hold its ground, a weak sign. Posted by Picasa

E-mini S&P 500 chart