Time of daily highs and lows in SP

Chart 1: Frequency distribution of High of Day (HoD) and Low of Day (LoD) in each half-hour time bracket.


Chart 2: Frequency distribution of HoD and LoD in each half-hour time bracket on High Made First days.


Chart 3: Frequency distribution of HoD and LoD in each half-hour time bracket on Low Made First days.

B = 8:30 - 9:00am CST
C = 9:01 – 9:30am CST
D = 9:31 – 10:00am CST
Etc.

Data in ES day session from Nov 1st 2007.

SRS

ES - Composite MP (May 19 - May 23)

Small nodes are created as price builds value after each sell-off. (The 3-pushes also show up in the 3/10 osc on the 60-min bar chart.)

If price retraces from the latest node into the prior one, it indicates that price has overshot and is coming back to value. This can signal the end of the trend on that timeframe.

SRS

Sell Anti Update

The sell anti I posted on Tuesday played out nicely, leading to a whole new leg down. You can see how the fast line came up to meet the slow line and then turned down.

Steve1

Possible ES Sell Anti

There will be a very nice sell anti forming on the 60 minute ES on a further rally higher. Farther out, if the 60 minute turns into a first cross sell, it's possible the sell anti will form on the 120 minute.



Steve1

naz selloff clues from wed pm

someone asked me to post what i saw on sale of naz yesterday.there were like 3 things that set up clues for me
1. the first chart is 1 min adv/dec on nyse .. it was trending down since 12 cst. this was a big hint that something was rotten in denmark
2. second chart adv dec line 3 min, the trend in tick chart was also down, see the trend lines above and below highs and lows
3. chart 3 is 5 min naz day session,the RGR turned red on 5 min,
this was the SETUP for me.....
TRIGGER : the retest up to the ema and i sold on stop entry below at the 2nd orange bar(( trigger for setup was sell stop at 25 the low of that bar ..... once filled stop was above that 5 min bar risking 3.25 pts).
This trade I only got 6 pts but was able to sell flag again lower for another 8 on small flag 5 min basis . flag and grail is my basic jab and straight.


hope that helps
mindful :->

Dax 7-Day Balance

Chart 1: The Dax has formed a 7-day balance area just below the prior daily (February) swing high of 7183.50



Chart2: Balance area highlighted by low 120min ADX



Chart3: A breakout from balance can lead to a decent trend move. However, failure above or below the range extremes can produce strong moves in the opposite direction – as shown by this recent small example in 10-year notes.

SRS

McMillan on Term Structure Part 2 of 2

McMillan on Term Structure Part 1

From McMillans Newsletter

EC Rising wedge update - trades to T2

EC - The break from the rising wedge pattern traded into the 2nd target zone overnight after the first level was hit a week ago. Slow line has made momentum lows so still looking for T3 level in the 1.49-1.50 zone next. Its possible we may get some kind of a b-wave up on the daily chart, 1.55-1.56 is resistance.

Best to your trading

Alavi

EC rising wedge update 2

The EC rising wedge broke nicely - Hit first target at 1.5450 zone today. Next levels below 1.52/1.53 zone and 1.49/1.50 zone.

Alavi