Monday, October 30, 2006

20061030 ES looks to be finding support, might consolidate for a while before moving up. Posted by Picasa

E-mini S&P 500 chart


Friday, October 27, 2006

20061027 A potential bearish cndle. If selling continues, might see test of 1370 support. Posted by Picasa

E-mini S&P 500 chart


Thursday, October 26, 2006

20061026 ES continues to move up. Need to be wary of divergence and any lows taken out on the dailies. Posted by Picasa

E-mini S&P 500 chart


Tuesday, October 24, 2006

20061024 ES dominant candle 2 days ago, indicate sellers in control. Might look fo rshorts below the lows of that candlestick. Posted by Picasa

E-mini S&P 500 chart


Thursday, October 19, 2006

20061019 DJIA closses above 12,000. However ES fails to confirm. Posted by Picasa

E-mini S&P 500 chart


Wednesday, October 18, 2006

20061018 ES on a day the DJIA went above 12,000. But the DJIA closes below 12,000. Posted by Picasa

E-mini S&P 500 chart


Tuesday, October 17, 2006

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20061017 Buyers stepped in on lower levels of ER2 to push prices back up forming a 'shooting star' candlestick pattern. Need to look for lows of today to see if can hold else indications are for short. Posted by Picasa

E-mini S&P 500 chart


20061017 The observation of waning momentum we had yesterday, gave ample warning of today's correction. Posted by Picasa

E-mini S&P 500 chart


Monday, October 16, 2006

20061016 ES has shrinking candle bodies, which indicates momentum on upside slowing. Posted by Picasa

E-mini S&P 500 chart


Friday, October 13, 2006

20061013 ES closes near highs of the week, a bullish sign. Posted by Picasa

E-mini S&P 500 chart


20061013 The week that was, 30 min chart of ES. Posted by Picasa

E-mini S&P 500 chart


Thursday, October 12, 2006

20061012 ES breaks out of the sideways consolidation pattern. Posted by Picasa

E-mini S&P 500 chart


Wednesday, October 11, 2006

20061011 ES continues tight range. of note is the late spike down and reversal off it, caused by news of the light plane crashing into a high rise apartment building in New York. Posted by Picasa

E-mini S&P 500 chart


Tuesday, October 10, 2006

20061010 Sideways action, but the cnadle bodies are small, indicating loss of momentum. Posted by Picasa

E-mini S&P 500 chart


Monday, October 09, 2006

20061010 ES doesn't flich with news of the North Korean nuclear test. Posted by Picasa

E-mini S&P 500 chart


Friday, October 06, 2006

20061006 ES almost reaches mov avg support for te long. Posted by Picasa

E-mini S&P 500 chart


Thursday, October 05, 2006

20061005 With the DJIA another record close, a matter of whether the ES and other market indices catching up now. Posted by Picasa

E-mini S&P 500 chart


Wednesday, October 04, 2006

20061005 Breaks out of the bull flag, follows the DJIA's second record close. Posted by Picasa

E-mini S&P 500 chart


Tuesday, October 03, 2006

20061003 Dow Jones Industrials close at record high. ES looks like a bull flag forming. Posted by Picasa

E-mini S&P 500 chart


Monday, October 02, 2006

20061002 ES pulls back. If can maintain closes above 1335, the uptrend is still intact. Posted by Picasa

E-mini S&P 500 chart