On ES - it broke

    Posted by steve on 8th of Oct 2021 at 04:09 pm

    On ES - it broke out of its coil around 4355/60 so be on watch for backtest (must see a strong bounce off that area - a weak bounce or clean break points to another leg down). 

    Seasonal patterns for October on avg get a push down into October 11-13th  

    Trade what's in front of your first and foremost  - use above levels as guides

    Testing  ES 4355/60 now

    Posted by retirefire on 10th of Oct 2021 at 07:42 pm

    Testing  ES 4355/60 now

    yep ES nearly tagged that

    Posted by matt on 10th of Oct 2021 at 08:44 pm

    yep ES nearly tagged that extended trendline of the coil, and tested the Oct 5th high in the middle of the coil - see updated 240 min chart

    For the MA ribbon still pinching - 60 Stochastic still holding above 50% level

    final update on the ES

    Posted by matt on 11th of Oct 2021 at 12:52 am

    final update on the ES chart - as you can see the low tagged that extended trendline on the coil. Currently the MA ribbon is pinching, MACD KISS, OS Stochastic - honestly if something thinks prices will push higher again a stop could go at the spike low. Anyway we'll see how it looks in the morning

    updated view of ES futures

    Posted by matt on 11th of Oct 2021 at 08:56 am

    updated view of ES futures

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