Stopping Volume pattern yesterday forewarned of turning point. The Emini closed down heavily today – down 46.25 points at 1,457.75. Tuesday’s post about trading with multiple time frames explained why we were looking for a turn down. Then yesterday we got a Stopping Volume pattern with higher volume and lower range, showing that professionals were […]
Better Pro Am Indicator Archive
Here are all the Emini-Watch videos on the Better Pro Am indicator. They are arranged in chronological order, with the most recent videos first. The Better Pro Am indicator uses average trade size to identify Professional and Amateur trading activity - invaluable for trading on the right side of the trend. These videos show how I use the Better Pro Am indicator to day trade Emini futures and identify long term trends in other markets. For an introduction to the Better Pro Am indicator, check out the feature article:
The Emini closed virtually unchanged at 1,559.75 on Monday. Volume was below average at 1.1 million contracts traded. We have now had 2 days in a row with “No Demand” volume patterns (“NoD” on the chart above). “No Demand” volume chart patterns occur when the Emini makes a new high, but on lower volume and […]
The Emini closed up 8.75 points at 1,535.75 on Thursday. Early today we got large buying volume coming into the market. The chart above shows the [Stopping Volume->https://emini-watch.com/emini-daily-update-profit-taking-pattern/42/] and [Doji Candlestick->https://emini-watch.com/doji-candlestick-pattern/9/] patterns. These coincided with a cyclical low turning point on the 135 minute time frame.
The Emini closed down 4.75 points at 1,488.25 on Monday. Volume was low at only 0.8 million contracts traded and a ‘No Demand’ pattern signaled (labeled ‘NoD’ on the chart below). Let’s see if the Emini closes Friday’s gap – I’m watching 1,481.75 closely.
The Emini closed up 1.75 points at 1,454.50 on Monday. Today was another quiet day with a daily range of only 5.50 points and 0.6 million contracts traded. Investors and traders must be taking an extended break over Easter.
The Emini closed down 4.50 points at 1,399.00 on Friday. Three charts to wrap up the week – two short term and one medium term.
Volume Pattern: Volume Range The Emini closed up 7.50 points at 1,434.25 on Tuesday. We got the break upwards anticipated yesterday but there was not much conviction with only 0.8 million contracts traded. In addition, the largest volume traded was around 10:30am with an upward climax-like bar. The Emini then dipped and closed on the […]
Volume Patterns The Emini closed up 8.50 points at 1,437.25 on Wednesday. Record high on the Dow of 12,511 with very low volume. Fund managers are up to their usual end of year “window dressing” – and they’ll probably try to keep it going until the end of the week. But watch out – we […]
Profit taking today. The Emini closed up 5.25 points at 1,389.00 on Tuesday. But watch out – there was profit taking by professionals going on. Do you know what pattern to look for?
Trading volume and range shrank to a new low today. The Emini closed down at 1,345.50 on Friday. This is the fourth sign of weakness that we’ve seen in the last four days. Keep reading below, and I’ll explain how I use volume and range to find market turning points.