E-mini ES 2020/01/28

Bull gap, mid range, fBO, 1P, FF, 1tF EB, WfBO, DB

Bar 1 is a fBO HOY, but it failed because of it’s small body
a good RVB should have a body of at least 1/3rd of it’s range, this one had less than 1/4th

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 01/24

Bull BO bar, Close above the EMA, but not back into last weeks range

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E-mini ES 2020/01/13

Bull gap, mid range, Opening Range, 1fBO, fL2, H2, BT, mDB, H4, 1tF BT

Some nice reactions at the S/R from the daily chart. Once we broke above the highest daily bull close (light pink area), that became support and we got a bull tend into the close.

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 12/06

Aggressive bulls bought the Breakout Test of the high of last week
we couldn’t even close the gap with the COY

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E-mini ES 2020/01/07

Bear gap, mid range, Opening Range, 1fBO, bull MC, 1CHBO, WfBO, 1P, XT, HL MTR, 2E

Bar 2 and 3 look like a strong trend attempt, but think twice.
An Outside Bar is a Trading Range Bar, especially mid range of the prior day. Bar 1 was a Reversal Bar (although weak), that triggered long, so we would expect BB. Also yesterday is a Trend Bar and a Bull Signal Bar on the daily chart and we can expect Brs at the various Fibonacci levels. Bar 4 was at the 50% retrace of yesterday’s range, the bar 1 low was just above the 38% retrace.

Also check out this post about the open.

The Open – Some General Rules

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 12/06 – one month!!

Bear Inside Bar, Signal Bar for a SE short tomorrow
some bears might see a poss. small head & shoulder (SHS) with 12/27

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