E-mini ES 2019/12/02

Continuation, T1B, 1P, fEB, SC, 1CHBO, inv. SHS, DB, HL MTR, XT, BT
bear spike and channel

the 1st B on the RVB at bar 8 occurs right after a sell climax (the largest bear bar of the day), a reasonable buy despite 7 bars down before
but watch out for a failure of the bulls and exit your long, if that happens, here we got a 21 tick failure and a close just below the bear TL on the EB for that RVB
bulls exit at the close of the EB and bears S that lmt C

E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)

daily chart
Always In Short (AIS) since today

Bear BO, gap close, probably get FT down

Here is the “naked” version of today’s chart, with just the indicators applied.
I marked up the nice Buying Pressure (increasing overlap and shrinking bear bodies) at the support from the daily chart (the gap close).

Leave a Reply

Your email address will not be published. Required fields are marked *

if you post a comment, we save your comment text, name, email address and website (if provided), also time and date - see also our Privacy Policy