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EURO Futures: Leg 1 of Bear Break, on the SWING Chart

My EURO Futures SWING Chart above...PRICE has just made a PRIME Higher High (against last PRIME Resistance at 1.4752), effectively creating Leg 1 of Bear Break, on my SWING Chart.And with PRICE in PRIME, on my POSITION Chart, we will definitely see the last PRIME Resistance at 1.4977 challenged, any time soon. On my POSITION Chart, the EURO is still in a BULL TREND.

Leg 1 of Back Door Bull Break, on the TREND Chart

My ES TREND Chart above...PRICE did pierce through the previous session's low of 1485.25 and has thus effectively created Leg 1 of Back Door Bull Break, on the TREND Chart. On the POSITION Chart, we are also poised to see a Leg 1 of Back Door Bull Break happening...We cannot confirm the market top (Position Chart-Wise) as yet but it is the very first warning sign of things to come.

A Possible PRICE Failure (PRIME Lower High), on the ES SWING Chart

10:38pm With the SWING Chart pointing down, I am waiting for a Minor, or PRIME PPF on my Trading Chart to go SHORT.10:50pm SHORT 1496.75 / STOP 1497.7510:53pm Out at 1497.50 / -0.75pts. PRICE is taking too long to roll over. Will try another SHORT again...10:59pm Volume is pretty thin, so be prepared for "whip-saws".11:04pm What a waste ! If only the PRICE movement had been faster just now, I

Here's Wishing One & All A Happy & Blessed Christmas !

Here's the British Pound Futures SWING Chart. Currently Leg 1 of Bull Break is in Progress

My British Pound Futures SWING Chart above...PRICE made a PRIME Lower Low and as such, has created Leg 1 of Bull Break. Looking at my TREND Chart, there is yet to be any sign, that the bottom is in, for this down move. Once a confirmation of the down move is shown, PRICE will then have to head back up, to challenge Last PRIME Resistance, at 2.1138, to fail, and to get us a PRIME Lower High, for

DOW Futures (YM) Still Needs to Clear 13797 for the Change in TREND

My Dow Futures (YM) SWING Chart above...

Bull TREND on the ES TREND Chart

My ES TREND Chart above...

Latest Update on the BRITISH POUND

Leg 1 of Bull Break has occurred on the BRITISH POUND SWING Chart.

BRITISH POUND Futures in danger of Leg 1 of Bull Break happening, on the SWING Chart

My BRITISH POUND Futures SWING Chart above...

Leg 3 in Progress, on the TREND Chart?

My ES TREND Chart above...PRICE is definitely doing Leg 3 of Bear Break...whether it fails or not (meaning a PRIME Lower High), we will know tonite.

Leg 1 of Bear Break on the TREND Chart

My ES TREND Chart above...11:55pm PRICE has made a PRIME Higher High, on the TREND Chart, thus creating Leg 1 of Bear Break.12:20am Leg 2 of Bear Break is now in progress. We need to create a PRIME Higher Low, in order for PRICE to head back up, to create a PRIME Higher High. 12:31am This pull back in PRICE looks pretty deep and scary but as long as it stays above yesterday's session low of

A Possible Change in TREND Soon?

My ES TREND Chart above...PRICE is very closed to reversing the Bear TREND, as you can see from my chart above. Clearing last PRIME Resistance would give us Leg 1 of Bear Break. My SWING Chart above...If you take the reading of the TREND Chart, together with the SWING Chart, then it looks like Leg 2 of Bear Break is also ending too...

Bear TREND on the EURO Futures SWING Chart

Looking at the above SWING Chart of the EURO Futures, the 3rd Leg of the Bull Break has just taken place today, thus creating a Bear TREND (PRICE creating a Lower Low, followed by Lower High, and then another Lower Low).

Change in TREND

My ES TREND Chart above...Just look at the 3 Legs, that changed the Bull TREND.

News of the " FED considering more liquidity moves" points to a strong market open

10:11pm News of the FED considering more liquidity moves has push the ES strongly back up. Is this merely Leg 2 of the Bull Break, on the TREND Chart, or are we gonna see PRICE reversing Leg 1 that was created last night? Today's market action holds the key...10:42pm PRICE is heading back down to challenge support. Looking for a SHORT set-up.10:51pm Will put that trade on hold. Wife just got back

As Suspected...The Market Simply "Sold" The News

My ES SWING Chart above...I've seen too many of these "set-ups", to believe that it was gonna be different this time around. Looking at the above chart, PRICE had been moving up almost incessantly since "rumours" broke, about the possible rate cut. A Bull Trap was clearly in the making. However, having said that, this has put PRICE in PRIME and as well as Leg 2 of this current Bear Break. But

Will The Markets Sell-Off, After The "Highly Anticipated Rate Cut" Is Announced?

My ES TREND Chart above...With the market running up since mid last week, in anticipation of a possible rate cut by the FED, it does look like the perfect set-up for a Bull Trap when the news is announced...

EURO Futures SWING Chart: Leg 1 of Bull Break

My EURO Futures SWING Chart...Since my last post on the EURO Futures, PRICE has made a PRIME Lower Low, on the SWING Chart, thus creating Leg 1 of Bull Break. It would still need 2 more Legs to complete the change in TREND.

TREND Chart: PRICE Heading Down to Create PRIME Support?

My ES SWING Chart above...With the SWING Chart pointing down, it looks almost certain that PRICE is heading back down to challenge last PRIME Support.

SWING Chart: Leg 1 of Bull Break in Progress

My ES SWING Chart above...PRICE took out 1496.95 rather convincingly, on the SWING Chart...does look like some more upside to go, with the POSITION Chart still pointing up.

TREND Chart: BULL TREND Resumed

My ES TREND Chart above...PRICE effectively took out the PRIME Resistance of 1486.50 (Creating new PRIME Resistance at 1489.00), and then subsequently created a new PRIME Support at 1477.25 in yesterday's trading session. Going into the close, PRICE easily Breached 1489.00 (the last new PRIME Resistance), thus creating a new PRIME Resistance.SWING ChartPRICE now needs to clear the 1496.75 level

Strong Opening

11:05pm PRICE is inching closer to the PRIME Resistance of 1486.50 which I mentioned in my previous post.

TREND Chart: PRICE Heading Back up to Challenge Last PRIME Resistance at 1486.50

My ES TREND Chart above...PRICE is heading back up to challenge last PRIME Resistance at 1486.50. If it fails to breach this Resistance, it will give us Leg 2 of Bull Break. If it breaches, it will invalidate Leg 1 of Back Door Bull Break.

TREND Chart: A Weak Leg 1 of Back Door Bull Break

My ES TREND Chart above...

TREND Chart: A Bull TREND, until PRICE Fails

My ES TREND Chart above...I was in Penang, Malaysia last Thurs (till Sunday) for my Social Club's Yearly Inter-Club Games. Didn't manage to update the blog on Thurs morning but I did see the market jump on Wednesday night. PRICE needs to clear 1496.75 as that is the last PRIME Resistance on the SWING Chart. If not, PRICE would merely be making a Lower PRIME High, further reinforcing the Bear