for NinjaTrader® – Forget Squiggly Lines!
Continuation, 1P, DT, mDT, mW, FF, bear CH, fL2, 1CHBO, 1Tail, bull CH, mDB, SC, BT
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
yesterday’s H1 buy triggered just before the close
today is the Entry Bar for the H1 buy
bulls could close the EB above HOY, also the highest daily close ever
Bear gap, mid range, WfBO, 1P, L2, H2, BP, fBO, mDB
The 1st bar of the day is a large RVB, but the large body (60%) gives it a taste of a large trend bar or TR/CX as well. The risk to buy on a SE above was also more than 6 points. It’s better to wait for a 2E, which came with the 1P a couple of bars later (it was also a test of the OOD).
I didn’t take the L2 short on b11 (despite the shrinking bodies – selling pressure), as I expected the market to go at least to COY. Also after a WfBO LOY I expect a fL2 and at least two pushes up from a decent 1P.
The large OO (the fL2) trapped a lot of bears, which probably tried to scale-in above the L2. We formed a bear RVB after the OO (a poss. L3 and DT with yesterday’s last swing), but that didn’t trigger short, instead it triggered long 1st, which makes it a small TR (SA and BB). More up to COY (magnet).
I also marked up a couple of bull signal bars and the targets based on the initial risk for a possible SE and a bar stop below.
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
daily chart
Always In Long (AIL) since 10/10
another test of 3100 and another H1 buy
some bears might see a head & shoulder top with the high of last week
Continuation, fBO, 1P, DT, fH2, BX, bear CH, CXT, L2, 1tF BT
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
daily chart
Always In Long (AIL) since 10/10
micro Double Top with yesterday’s TR bar
but FOMC tomorrow
Continuation, T1B, 1tF BT, 1P, DB, DT, H2, mDB, bear CH, H4, TCL OS
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
daily chart
Always In Long (AIL) since 10/10
yesterday was a 1tF Breakout Test of 10/18 High, Bulls B the OOD (lmt C)
BO above the High of last week and probably a new ATH soon
compare with today’s 1st trade on the 5 min chart
Bull gap, above HOY, T1B, SC, 1P, BX, H2, DB, BP, L5
bull trend day, a CH often becomes a leg in a TR
after the L5 we took out the start of the bull CH
The Reversal Signal Bars indicator gave a 2BR reversal signal pattern at the HOD. The 2nd trend channel line overshoot (TCL OS) was a nice strengthener.
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
daily chart
Always In Long (AIL) since 10/10
Buyers above yesterday’s failed bear Entry Bar
third push from the Reversal Bar (R) a couple of days ago