Thursday, March 29, 2007

20070329 ES moving averages come together, a significant technical sign.

E-mini S&P 500 chart


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



20070313 ES breaks out of the 'coiled spring' consolidation to the downside.

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


Thursday, March 01, 2007


20070301 Rebound in the ES, proves the 1390-95 support.
Posted by Picasa

E-mini S&P 500 chart