E-mini ES 2019/12/05

Continuation, fBO HOY, T1B, 1Tail, mDB, SC, 1CHBO, fH2, mDT, DB, H2, BT
Trading Range day, almost an Inside Bar on the daily chart

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 12/03

from yesterday – “weak EB for yesterday’s bull RVB
some disappointed bulls PT above yesterdays EB
also IR / reward = 1 for Tuesday’s RVB was just above HOY (blue circle)

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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

Continue reading “E-mini ES 2019/12/02”