$YM-Trading Dow Futures: July 25, 2017. 83 Pt. Bear Trend

$YM-Trading┬áThe Dow Jones Emini Futures┬ácontract for September ’17. On July 25 at 6:30 am (CST) Slow Stochastics (5,3) crosses down above its 90, more than 2,500 contracts are traded which is the highest volume over the preceding several hours. The market reverses near its upper Bollinger Band with the market near 21,561. The market than moves higher to 21,613, Stochastics now crosses down again near its 87. By 7:55 am (CST) the market, looking as if its ready to fall, finds supports at its 20 period moving average and instead moves all the way to approximately 21,640 and finding its way to 21,625 at 8:10 am (CST). Look at the volume spike at 8:05 am, right around 2,750 contracts trade. With the market now at 21,618, Stochastics cross down again near its 75, note MACD during this time. By 9:10 am (CST) the market falls to 21,535, an 83 point bear trend.