for NinjaTrader® – Forget Squiggly Lines!
Continuation, T1B, 1P, BT, FF, mDT, bear MC, mW, HL MTR
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
BO to a new ATH, but tail on top, some PT
Bull gap, above HOY, bull MC, 1P, BT, XT, mDB, SHS, L2, LH MTR
bull CH, bear CH and LH MTR on the re-test of the gap price (3150.25)
there was also nice Selling Pressure at that price (shrinking bull bodies in a bull move and a 5tF), the 2nd red circle
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
gap close, 2nd push up from Tuesday’s RVB
Bear gap, below LOY, Opening Range, 1fBO, 1P, HL MTR, H2, mDB, 1CHBO, bull CH
triangle & bull channel
The 1P had a couple of good strengtheners:
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
Bull RVB, failed BO and no FT bar for yesterday’s bear BO bar
bulls managed to close 1t above the prior BO level (11/20 HL)
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)
Bear BO, gap close, probably get FT down
Continuation, bear MC, 1P, CXT, DB, DP, DT, H3, mW, fBO
small TR, more profit taking by the bears from the daily chart at 94
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
more bears PT at 1x their initial risk (IR) for a SE below and a “bar” stop above the 2BR