Low volume (1.4 million contracts), low range (9.25 points), inside and down day. Signaling indecision and certainly no rushing for the doors. Looks like we’re in for a very quiet couple of days waiting for the FOMC policy statement on Wednesday afternoon. Swing Trading Oscillators (Emini daily) Quick update on my swing trading oscillators. They […]
Smart Money Index Archive
The Emini closed down 1.75 points at 1,546.00 on Monday. Volume and range were both well below average today at 0.8 million contracts traded and 7.25 points respectively. The gap left between Thursday and Friday has still not been filled.
The Emini closed down 2.25 points at 1,512.000 on Tuesday. Below average volume at 0.9 million contracts traded and below average range at 9.00 points. We had a gap down and initial sell-off that lasted 45 minutes. Then the Emini rallied most of the day until it reached resistance at 1,514.
The Emini closed up 1.75 points at 1,419.50 on Monday. The market continues to bounce between 1,410 and 1,424 on above average volume over the last 2 days. My four trend oscillators are almost all over-bought but yet to turn down.
The Emini closed down 11.00 points at 1,442.75 on Friday. This large range, high volume move now confirms the next down swing has begun. I’ve been waiting for this since the beginning of the month. I thought it might be helpful to compare the timing of signals from my 4 trend indicators. So here are charts showing each of them with turning dates so you can judge for yourself how “leading” they are. And apologies for so few posts over the last week – I’m snowboarding in Japan.
The Emini closed down 2.00 points at 1,420.50 on Tuesday. The market has bottomed, as anticipated last Friday, and so far support at 1,415 is holding. However, we’re yet to see a significant breakout to the upside. Update on the Smart Money indicator today. Check out the chart below.
The Emini closed up 8.50 points at 1,428.75 on Tuesday. Low volume bounce today but all trend indicators are still down. Check out the Smart Money indicator chart below.
Sharp downward break today after a very quiet Thanksgiving Holiday week. The Emini closed down 19.50 points at 1,383.50 on Monday. Finally got the break we were looking for. Hope everybody was short and made good profits today. Smart Money indicator discussed below.
Market advances but Smart Money turns. The Emini closed up 2.75 points at 1,373.50 on Friday. The market continued its advance today but with only a small rise and weaker volume. Are the professionals taking profits?