Trend Lines and Emini Basing Pattern The Emini closed down 14.50 points today and the news all around is bad. We’re now down 18% from the October high. But there are signs of strength. I am not suggesting that the Emini will rally in a straight line up from here. The markets are shut on […]
Better Trend Line Indicator Archive
Possible support at long term Emini trend line. The weekly Emini chart below shows a long term trend line I’ve added by hand. It connects the April 2005, October 2005 and July 2006 lows. You can read more about the bar coloring and auto-trend lines here. Long Term Emini Trend Line The best sign that […]
Trend Line Consolidation on Emini Emini consolidating between 2 trend lines. We closed up 12.75 points at 1,420.50 today. Both range and volume were relatively small at 13.50 points and 1.5 million contracts respectively. The 81 minute Emini chart above shows the triangle consolidation, with resistance at 1,435 and support at 1,415. The trend lines […]
Emini trend line consolidation. The Emini closed down 4.25 points at 1,485.25 Friday on very light volume. The Emini has now consolidated between the upper and lower trend lines. Which way will it break? Emini Trend Line Consolidation (daily bars) The chart above has the trend lines drawn automatically by TradeStation. Breaks above a falling […]
The Emini closed down 3.75 points at 1,508.50 on Monday. The chart above shows a triangle consolidation pattern is now forming. We have a descending trend line creating an upper boundary and a rising trend line making a lower boundary. The last bar on the chart has turned white, signaling this consolidation pattern.
The Emini closed down 7.00 points at 1,448.75 on Wednesday. We got the expected downward break today. Range was above average at 13.50 points and so was volume at 1.2 million contracts traded.
The Emini closed down 0.75 points at 1,426.75 on Monday. Today was an inside day with low volume and so far support at 1,422 is holding. Take a look at the chart below that shows the rising trend line started on 11 October last year.
Emini Trend Lines The Emini closed up 6.50 points at 1,431.00 on Thursday. My bullish read of the market has paid off this week – over the last 2 days the Emini low to high range has been almost 24 points. New high closes on the NASDAQ and Dow, but once again my analysis of […]
Amazing sometimes how precisely the market reacts to trend lines. The Emini closed up 5.0 points at 1,388.50 on Tuesday. The low was put in today on high volume as anticipated yesterday. Are we still in an uptrend?
Trend line bounce today. The Emini closed down 8.25 points at 1,384.75 on Friday. Three trend indicators have now turned down but the market bounced on a rising trend line. Was this the break we are looking for?