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)

Continue reading “E-mini ES 2019/12/05”

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”

E-mini ES 2019/11/12

Continuation, T1B, 1Tail, FF, SHS, bear CH, 1TL, fBO, mDB, DB, mDT, 1CHBO, LH MTR, BT

A lot of  Buying Pressure (Buyers on the close of the prior bar) in the bear CH from the HOD/SHS. But still, need to get out, if a MTR forms. Here a LH MTR.

We formed a nice RVB right at support (daily BT level – blue circle) for a nice move into the close and a test of the OOD. It became the LOD.

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
we made it to 3100, weak Entry Bar for the H1 buy
Breakout test of the swing high from last week (blue circle)
Bears see 3rd push above the Trend Channel Line (blue line)

 

A lot of lines and comments on today’s chart. Here is the “naked” version of it, with just the indicators applied.