ES Recoups Fully the Previous Day's Losses - Possible Leg 1 of Back Door Bear Break

My SWING Chart above...

Managed to Resolve the Missing Data Issue for My Charts

My SWING Chart above...I was busy rectifying the missing data the last 2 days. I had lost some data on the 22nd & 23rd on my ES & some of the currency futures charts. Thankfully, all have been resolved.From my SWING Chart above, you can see that PRICE has made a Lower PRIME High. Now it remains to see if another Lower PRIME Low is created, which is in line with the Bear TREND. Or do we end up in

SWING Chart: Target of 1510.25 Still Intact - No PRICE Failure as Yet

My SWING Chart above...

Still Having Issues with Data for My Charts

Still trying to sort all the data issues with my charting software...Have already contacted the vendor but have yet to solve it. Will let the data sort itself out for the next few trading sessions.

SWING Chart: Still Not Out of the Woods...Yet

My SWING Chart above...As long as last PRIME Resistance at 1510.25 remains unbreached, the current upmove is merely heading up to create a Lower High, which is in line with the Bear TREND.

Breaking out to the Upside

Had some data issues when I opened up my charts this morning. Some data from 11pm to this morning ended up being in one single bar only. It seems that it only affected my ES & NQ charts. Hopefully this will resolve itself - I am a hopeless hap, at solving such "charting issues".

TREND Chart: Breaking out of Consolidation?

10:17pm Consolidation, on the TRADING Chart.

Consolidation Mode

PRICE Still Pushing Higher?

09:36pm PRICE is slightly positive at the opening bell...09:39pm TREND Chart has turned down. A possible SHORT Trade may be setting up. A Minor PPF of Resistance could well be the trigger.10:31pm The PRIME PPF of Resistance turned out to be the one.

Surprise Rate Cut Pushes PRICE Closer to the 1510.25 Target

My SWING Chart above... My TREND Chart above...

FED Rate Cut

09:41pm The markets are soaring due to the unexpected rate cut by the FED.

3 Leg Combo All in One Night

My SWING Chart above...My TREND Chart above...From the TREND Chart chart shown, you can see that the PRICE action last night resulted in the ES having 3 Legs of Bear Break all created in one session. With this, it marks the end of the downmove, and now PRICE is heading back to challenge last PRIME Resistance at 1510.25 (look at the SWING Chart. PRICE is still in a Bear TREND, but is now heading

The ES erases all Intraday Gains, going into the close of the Trading Session

My TREND Chart above...

Bear TREND but Counter-TREND Trades are still Possible.

09:56pm Definitely a short squeeze...15 points in just 15 minutes!10:29pm Watch for a potential breach of last PRIME Resistance of 1451.25, on the TREND Chart. If this happens, it will give us Leg 1 of Bear Break.12:32am New PRIME Resistance at 1446.75 on the TREND Chart.12:51am With a PRIME PPF of Support on the TRADING Chart (and with the TREND Chart pointing up), PRICE action is confirming the

TREND Chart: Bear TREND / SWING Chart: Leg 1 of Bear Break Invalidated

My SWING Chart above... My TREND Chart above...Bears are still making their presence felt in the markets. With no signs of a bottom, PRICE will just continue in the direction it is going, until it fails.

Leg 1 of Bear Break Invalidated, on the TREND Chart

My TREND Chart above...10:53pm 1444.75 has just been breached - Leg 1 of Bear Break is now invalidated, on the TREND Chart. We are back on the Bear TREND.

TREND Chart: PRICE has to stay above 1444.75, in order for Leg 2 of Bear Break to be valid.

GLOBEX PRICE Action: Leg 1 of Back Door Bear Break, on the TREND Chart

08:36pm Last PRIME Resistance being 1468.50, we have just breached this Resistance, resulting in Leg 1 of Back Door Bear Break, on the TREND Chart.

Close...Too Close

My SWING Chart above...

Though Last Night's Market Drop was Huge, We Are Actually Still Within Leg 2 of Bear Break, on the SWING Chart

My SWING Chart above...Though PRICE is still within the given range of Leg 2 of Bear Break (SWING Chart), we have to allow the possibility of PRICE piercing through last PRIME Support at 1432.25, and completely invalidating Leg 1 of Bear Break (PRIME HH), on the SWING Chart.

TREND Chart: PRICE Action in GLOBEX Session Has Resulted in Leg 1 of Back Door Bull Break

Screen shot of my TREND Chart above is taken at 09:14pm, Singapore Time.

Is the Bull Ready To Charge Again ?

My SWING Chart above... My TREND Chart above...Looking at my SWING Chart above (1st chart on top), we are now in Leg 1 of Bear Break. We still need 2 more Legs to complete the Bull TREND. So, be prepared for a pull back in PRICE, to challenge last PRIME Support at 1432.25 (to create a Higher PRIME Support Low), in order for PRICE to head higher, for Leg 3 of Bear Break to take place.Again, a

TREND Chart: Continuation of the Bull TREND

11:02pm Tonight being a holiday eve here in Singapore, I will be heading out in 5 mins time with the wife & kids. I've posted the TREND Chart to show the continuation of the Bull TREND.To all my Singapore readers, have a Happy National Day !

SWING Chart: Leg 1 of Bear Break - Higher PRIME High

Key Resistance Level To Watch: 1484.25

09:56pm Clearing 1484.25 would give us Leg 1 of Bear Break, on the SWING Chart.10:17pm We have completed Leg 2 of Bear Break. Leg 3 is now in progress.10:22pm Last PRIME Resistance on the TREND Chart, at 1473.25, must be taken out, so as to complete the 3 Legs of the Bear Break.10:45pm PRIME to PRIME consolidation, on the TRADING Chart.

Correction: Leg 1 of Bear Break, on TREND Chart

My SWING Chart above... My TREND Chart above...

A Bottom In Sight? Or Just A Temporary Reprieve?

09:30pm On the TREND Chart, we could possibly see the end of Leg 1 of Bull Break.

Still Too Early For The Bulls To Get Back Into The Water

My SWING Chart above... My TREND Chart above...As per last post last night, I mentioned the possibility of Leg 1 of Bull Break being not complete, as PRICE did not reach PRIME Resistance. That proved to be correct as subsequently after that (after a brief oscillation consolidation), a Minor PPF of Resistance gave way to a significant down move. Going into next week's trading, PRICE looks set to

TREND Chart: Short-Lived Bull TREND

11:35pm Just stepped into the house...I notice that Leg 1 of Bull Break occurred around 10:00pm, Singapore Time.12:18am Leg 2 of Bull Break in progress. This up move must not breach 1484.25, in order for this Leg to be valid.12:27am Chart posted is my TREND Chart, at 12:27am, Singapore Time.12:56am If the day's low of 1461.25 is breached before PRICE hits PRIME Resistance, then Leg 1 of Bull

Keep A Lookout for PRIME Resistance 1495.75

My SWING Chart above.... My TREND Chart above... From the TREND Chart above, you can see that PRICE has reversed the Bear TREND, with the continuation of the 3 Legs Bear Break that started on Wednesday's session. We are currently in a Bull TREND. More importantly, the level that will make or break this current TREND is the last PRIME Resistance of 1495.75 shown on the SWING Chart. Breaching it

SWING Chart: Watch out for PRIME Resistance 1495.75 - Clearing this level will give us Leg 1 of Bear Break

09:57pm We are currently on a Bear TREND, on the SWING Chart. To reverse this, PRICE needs to clear 1495.75 to give us Leg 1 of Bear Break.10:46pm PRICE needs to creat a PRIME Higher Low (Leg 2 of Bear Break - TREND Chart), in order to head higher...12:01am PRIME Higher Low has just been created at 1466.00. Leg 3 of Bear Break here we come !!12:14am PRICE just made a PRIME Higher High. We are

Tug of War

My TREND Chart above...Last night's session was clearly a Tug of War between the Bulls & the Bears. The above chart says it all. Going into the close, we are in Leg 1 of Bear Break, again.