YM POSITION Chart: Leg 3 of Bull Break Formed - BEAR TREND !

My YM POSITION Chart above...Yes folks, it's official...the YM POSITION Chart is in a Bear TREND. PRICE made a PRIME Lower Low last night, forming Leg 3 of Bull Break, and completing the full 3 Legs, thus giving us a Bear TREND. The ES has yet to confirm the third leg but I guess it's just a matter of time.

Bear TREND

My ES POSITION Chart above... My ES SWING Chart above... My ES TREND Chart above...Thursday's PRIME HH proved to be just a blip as the Bear TREND asserted itself again last night, by invalidating the previous day's Leg 1 of Bull Break with a PRIME LL, followed by PRIME LH and PRIME LL again - Clearly, Bear TREND PRICE actions.Looking at the SWING chart shown above, PRICE still needs to create a

Leg 1 of Bear Break Invalidated...Resumption of Bear TREND

My ES TREND Chart above...10:17pm Clearly, "a picture tells a thousand words"...PRICE fell through PRIME Support, thus putting the ES back into a Bear TREND.

Leg 1 of Bull Break, on the ES TREND Chart

My ES TREND Chart above...With the PRIME HH (Leg 1) achieved last night and with the SWING Chart still pointing up, PRICE looks set to move higher, provided we get all 3 Legs of the Bear Break to revert the current Bear TREND.

ES TREND Chart: Bull TREND Threatened...

My ES TREND Chart above...Last night's session low, and the after market low has breached last PRIME Support at 1351.50, thus creating Leg 1 of Bull Break. And with the SWING Chart pointing down, PRICE looks set for more down side in the coming sessions, albeit a pull back in the TREND Chart, to give us Leg 2 of Bull Break.

E-Mini-Crude (QM): Bulls 0, Bears 0

My E-Mini Crude (QM) SWING Chart above...The failed breakout last night from a triangle chart pattern clearly killed both the Bulls, & the Bears. Protective Stops (long & short) would have been triggered by the breakout, and as well as the subsequent failure. Truly, it was the market's way of wiping out all parties in sight!

Downmove Shortlived...

My ES TRADING Chart above...12:54am PRICE has just made a PRIME HH, ending the downmove prematurely - especially so when the TREND Chart has also started to turn up again. Expectation now is for PRICE to challenge 1364.25 and to breach it. But first, it must clear 1363.50 convincingly first.

PRIME PPF of Resistance on the TRADING Chart...PRICE heading down

My ES TRADING Chart above...12:07am We have a PRIME PPF of Resistance on the TRADING Chart. And with the TREND Chart pointing down, PRICE is now heading back down to challenge PRIME Support of 1351.50, on the TREND Chart.

Minor PPF on ES TRADING Chart & TREND Chart Turning Down...

My ES TRADING Chart above...10:44pm With the above 2 factors occuring, expectation now is for PRICE to head lower...but as usual, do watch for the unexpected, to happen...10:51pm Well, well...looks like PRICE is still not done going up.

PRICE Has Just Made An Interim Bottom...

My ES TRADING Chart above...10:16pm. PRICE just made a PRIME HL, at about 9:47pm (Singapore Time) on my TRADING Chart, and with the TREND Chart pointing up and in PRIME, the expectation is now for PRICE to head back up to challenge PRIME Resistance of 1464.25, on the TREND Chart.

Crude Continues to Press Higher - Widely Rumoured Price of US$150 Not Impossible

My E-mini Crude(QM) SWING Chart above...Crude continues to defy gravity and with the POSITION Chart still pointing up and yet to reach PRIME Resistance, I guess it will be a self-fulfilling prophecy that Crude eventually tests US$150/-.

SIMSCI SWING Chart: Leg 1 of Bull Break

My SIMSCI SWING Chart above...With this Leg 1 of Bull Break, it sure doesn't bode well for the Singapore market. Why? Well, the POSITION Chart is also pointing down and it means that PRICE is heading down, to challenge last PRIME Support and we'll just have to see if PRICE eventually Breaches, or fails to Breach, that Support level. Be prepared for more pain...for the Bulls, that is.

Bear TREND Continues, After Last Night's Blip...

My ES TREND Chart above...11:01pm. Today's trading session started off with a bang...to the downside, that is. Looks like last night's PRICE action was merely a blip, or what we call an "illogical oscillation". With the SWING & POSTION Chart still pointing down, expectation is for more downside to come...

Carnage

My ES SWING Chart above...What started off as a promising move the night before for the Bulls, quickly diminished as yesterday's trading session went on. Disappointing unemployment data, coupled with Crude making another new high, proved to be too potent, and resulted in a 50-point downside move, for the ES. That effectively killed off the Bulls' attempt of reversing the Bear TREND.

The Bears Have Swung Things Over...

My ES SWING Chart above...2:52am. The Bears have swung things over in their favour...PRICE has just breached last PRIME Support, thus effectively negating yesterday's stellar session of Leg 1 of Bear Break. We are back in a Bear TREND, on the SWING Chart.

Potential Temporary Bottom Setting Up, On The TREND Chart...

My ES TRADING Chart above...12:17am. PRICE has to take out 1381.75, in order to reverse the Bear TREND since the start of the trading session.01:08am. PRICE only managed to match 1381.75 and worst still, it has gone on to make a Lower Low. It looks like more downside...

Unfavourable Data Fries The ES

My ES TREND Chart above...10:03pm. This snapshot taken about 2 minutes ago shows the Bulls being fried!! So much for the Leg 1 of Bear Break, on the SWING Chart. Will have to wait & see if PRICE reverses altogether.

Wow! ES Defies Gravity...

My ES TREND Chart above... My ES SWING Chart above..." Expect the Unexpected "...well, this statement holds true for last night's trading session. Expectation was for PRICE to continue lower on Wednesday's trading session but at the start of the session, PRICE made an unprecedented Higher Low, on the TREND Chart, giving the first glimpse of a possible change in TREND. The 2 Legs of Bear Break

We are going down, folks...

My ES SWING Chart above...With Leg 3 of Bull Break established last night, PRICE has effectively given us a top at 1440.75. And with the POSITION Chart turning down at the same time, do expect more downside to come, as PRICE heads down to challenge last PRIME Support, on the POSITION Chart.

Nikkei 225 Futures SWING Chart: Continuation of Bull TREND

My Nikkei 225 Futures SWING Chart above...PRICE made a PRIME Higher High earlier before the lunch break today. This effectively continues the Bull TREND that was formed in Mid May, by the 3 Leg Bear Break.And with the POSITION Chart turning up, we should see this Bullish TREND continuing for a while.