Posted on

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

Continue reading “E-mini ES 2020/01/13”

Posted on

E-mini ES 2020/01/09

Bull gap, above HOY, Opening Range, 1fBO, 2E, H2, H3, FF, WfBO, 1P

Every new high of the day was a Tick Failure Breakout (red circles) of the Opening Range. Use the Support and Resistance – Breakout Failure Tick indicator to show that.
Sellers all day at the TCL from the daily chart, but we closed above at the end of the day.

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

Follow Through for yesterday’s Breakout Bar

Continue reading “E-mini ES 2020/01/09”

Posted on

E-mini ES 2020/01/08

Continuation, Opening Range, mW, fBO, mDT, DT, bull MC, 1CHBO, H2, bear CH, DT, 1IB, BP

can compare the PA to 12/31, 01/03 and 01/06
on all of those days b1 was a fBO LOY, but today that fBO happened already during the overnight session, we sold off 50 pts below LOY and made it back into yesterday’s range
B above large b1 (with a stop below) worked for a couple of legs higher

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!!

BO and close above old ATH, more up

Continue reading “E-mini ES 2020/01/08”

Posted on

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

Continue reading “E-mini ES 2020/01/07”