Trading Dow Futures: Aug. 10, 2016


$YM-Trading┬áThe Dow Jones Emini Futures┬ácontract for September ’16. At 8:55 am (CST) Slow Stochastics (5,3) crossed down below its 80 as the market moved above its upper Bollinger Band and then reversed back to the downside near 18,480. The market rallied back to the upside for about 25 minutes before reversing and heading back down again at the 18,500 level moving the Stochastic to cross down below its 70 with MACD (8,17,9) ever so slightly confirming the downtrend. Roughly an hour later the market had dropped approximately 60 points. For the next 3 hours the market trades in a 20 point range only to be followed by a 40 point for the rest of the days session.