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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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...If the dots don't connect, gather more dots until they do...

Winter in Paris

Winter in Paris


* Wed. Nov. 22 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Thurs. Nov. 23 ~ U.S. Markets closed for Thanksgiving holiday
* Fri. Nov. 24 @ 1:00 pm ET ~ U.S. Markets close early
* Wed. Nov. 29 @ 2:00 pm ET ~ Beige Book Report
* Fri. Dec. 8 @ 8:30 am ET ~ Employment Data
* Tues. Dec. 12 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Mon. Dec. 25 ~ U.S. Markets closed for Christmas holiday
*** Click here for link to Economic Calendars for all upcoming events

Monday, October 03, 2011

YM, ES, NQ & TF "Makin' Hay"

Below is a 1-hour (market hours only) chartgrid of the YM, ES, NQ & TF. On each chart is the drawing, "Andrews' Pitchfork." As can be seen, price closed below the lower fork on the ES & TF today, and they closed below the August lows on this timeframe.

Since I don't see any major volume spikes yet, indicative of capitulation, I will assume that the overall downward momentum will continue on all 4 e-minis until proven otherwise (e.g. a reversal of the 50/200 SMAs "Death Cross" on higher sustained upside volumes).

See my previous detailed post on September 28th pertaining to this chartgrid: http://strawberryblondesmarketsummary.blogspot.com/2011/09/island-paradise-is-gone.html

My post last Friday has longer-term downside targets for their corresponding Major Indices: http://strawberryblondesmarketsummary.blogspot.com/2011/09/who-won-pinball-game-in-3rd-quarter-of.html