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
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
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