$YM-Trading Dow Futures, $ES-Trading S&P500 Futures. June 26-30, 2017: The Week in Volatility

$YM-Trading The Dow Jones Emini Futures contract for September ’17. Trading the $ES-S&P 500 Futures contract. From June 26 through the 30th ’17 looking at the daily charts for the $YM-Dow Futures and the $ES-S&P 500 Futures indicate a pretty high level of volatility. Take a look at the $VIX as we’ve seen it spike between 15 & 16 in April, May and June, not excessive levels but warrant consideration. Looking at the weekly and monthly charts for $YM & $ES still indicate we are in a strong bull market and have been for quite some time. Keep that in mind! The $ES traded 1,829,260 contracts for June ’17. The $YM traded 157,365 contracts for June ’17.

Trading Dow Futures: June 27, 2017. A Tale of Caution Revisited

$YM-Trading The Dow Jones Emini Futures contract for September ’17. On June 9, 2017 we talked about http://bit.ly/2sON9EE the $YM hitting another All-Time High with the highest volume since February ’17. We also talked about the $ES and the $NQ selling off on the highest volume since February ’17. Looking at the $ES we’re seeing that it is now below that level. We stated back in our post to Beware as the markets looked Bearish at that time. And just as we previously stated, keep in mind the following: Caution, as always is suggested. Trade what’s in front of you and trade with the Trend! Remember “The market can remain irrational longer than you can remain solvent.” Be careful out there!

 

 

 

http://bit.ly/2sON9EE

Trading Dow Futures: June 27, 2017. $ES-Trading S&P500 Futures: 19.25 Pt. Bear Trend

$YM-Trading The Dow Jones Emini Futures contract for September ’17. Trading the $ES-S&P 500 Futures contract. On June 27, 2017 at approximately 9:50 am (CST) the market, after having moved up about 7 points in the previous 70 minutes, reverses at 2435.75 forcing Slow Stochastics (5,3) to crossdown near its 90. At 10:45 am with the market near 2437 Stochastics crosses down again this time near its 70. By 3:40 pm the market had moved all the way down to 2417.75. That’s 19.25 points.

Trading Dow Futures: June 19, 2017. $ES-Trading S&P500 Futures: 11.25 Pt. Bull Trend

$YM-Trading The Dow Jones Emini Futures contract for September ’17. Trading the $ESS&P 500 Futures contract. On June 19, 2017 at approximately 4:50 am (CST) the market reverses at its lower Bollinger Band forcing Slow Stochastics to crossup near its 20. At 5:15 am with the market near 2437, Stochastics crosses up again near its 30. At 9:30 am the market had risen all the way to 2448.25. An 11.25 pt. gain.

Trading Dow Futures: June 9, 2017. $YM-Dow Jones Futures hits an All-Time High! Beware!!

$YM-Trading The Dow Jones Emini Futures contract for June ’17. On June 9, 2017 the market hits another All-Time High with the highest volume since February ’17, however Slow Stochastics (5,3) and MACD (8,17,9) Histogram are both Bearish! Look at the charts below for the $ES-S&P Futures and the $NQ-Nasdaq Futures which sold off on the highest volume since February ’17. The $NQ suffered a huge loss but in the past those losses have been buying opportunities. Will be interesting to see what happens Monday. Keep in mind the following: Caution, as always is suggested. Trade what’s in front of you and trade with the Trend! Remember “The market can remain irrational longer than you can remain solvent.” Be careful out there!

Trading Dow Futures: June 9, 2017. $ES-Trading S&P500 Futures: 22.25 Pt. Bear Trend

$YM-Trading The Dow Jones Emini Futures contract for June ’17. Trading the $ES-S&P 500 Futures contract. On June 9, 2017 at approximately 9:00 am (CST) the market reverses near its upper Bollinger Band forcing Slow Stochastics to cross down above its 80. At 10:20 am with the market near 2444.00 Stochastics cross down again near its 60. Note MACD Histogram (8,17,9) during this time. For the next several hours the market sells off all the way down to 2421.75 for a move of 22.25 pts.

Trading Dow Futures: June 9, 2017. $ES-Trading S&P500 Futures: 9.75 Pt. Bull Trend

$YM-Trading The Dow Jones Emini Futures contract for June ’17. Thought it would be interesting today to take a look at the $ES-S&P 500 Futures contract. A 1 point move is worth $50.00 compared to the $YM-Dow Futures 1 point move of $5.00. On June 9, 2017 at approximately 5:55 am (CST), we can see the market near its lower Bollinger Band at 2434.50 forcing Slow Stochastics to crossup near its 15. At 8:05 am the market forms a hammer near its lower band forcing Stochastics to crossup again. Note MACD (8,17,9) during this time predicting a move higher. With the market now at 2435.50 the market begins its move all the way to 2445.25 for a gain of 9.75 pts.