$YM-Trading Dow Futures: August 17, 2017. 302 Pt. Bear Trend

$YM-Trading┬áThe Dow Jones Emini Futures┬ácontract for September ’17. On August 17 at 5:00 am (CST) Slow Stochastics (5,3) crosses down near its 80. At 5:40 am (CST) Stochastics crosses down again this time below its 80. Note MACD (8,17,9) during this time. With the market now at 21,995 the market falls for several hours all the way down to 21,693, a whopping 302 point Bear Trend.

Pay attention to the hourly charts as well as the 5 minute. Entries on the 5 minute chart were aligned with the hourly. Notice on the last chart how the closes during this trend were below the Bollinger Band (20,2).