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'.
Thursday, March 29, 2007
Monday, March 26, 2007
20070326 Price action today sets 1434-5 as an interesting support level to watch. E-mini S&P 500 chart
Friday, March 23, 2007
20070323 After the breakut of the top of the 'box' pattern, and subsequently the 1429-30 resistance, momentum propels ES further upwards. Something to note is the symmetry of the upside move with the downside crash in late Feb. E-mini S&P 500 chart
Tuesday, March 20, 2007
20070321 ES coming up to area of resistance 1429-30. With FOMC on 22 March, fireworks may be expected. E-mini S&P 500 chart
Wednesday, March 14, 2007
20070314 Rebound in ES creates a 'box' pattern. A large consolidation range, with possible trades indicated long/short on breakout of upper bound and lower bounds. E-mini S&P 500 chart
Monday, March 12, 2007
20070312 After the doji bar, an inside bar shows indecision again. This is possibly the 'coiling of the spring', priming the ES for a major breakout either side of today's candle. E-mini S&P 500 chart
Friday, March 09, 2007
20070309 ES ends the week with the doji cnadle. Which means next week can go either way. E-mini S&P 500 chart
Wednesday, March 07, 2007
20070307 ES in the past 7 days, shows technical damage. Best to look to retracement levels for resistance and sell against them. E-mini S&P 500 chart