Should have bought ES since ER2 offers a clue and leads the way.
ER2 is forming a nice intraday ascending triangle. I think it has a decent chance to break R1 or R2.
ER2 is trading at resistence 1: 666.8.
Holiday, ES is trading like after hour or overnight :-) open interests and float makes a difference. ER2 has much smaller open interests and much...
The chart compares the relative strength of the price actions. What you saw were the actual price actions, but if you look at the combined chart,...
This is a chart two days ago when the market was bearish in the afternoon. Short ER2 when it kisses ES.
And this is the ER2 and ES chart in the morning. ER2 always trades above ES on 1 minute chart when the day is bullish, when both get a kiss, buy...
This is the ES/ER2 comparision in the afternoon.
I've another trading signal :-) Compare ER2 and ES 1 minute chart in the same window. If both crosses, ER2 is a BUY.
Your RUS$ 38% retracement is the pivot for ER2 at 665.7.
So the new support is at 38% retracement.
Forgot to attach that chart, on the 5 minutes chart, that upside trend line was about to break.
on 5 minutes chart, a strong moves might come.
One interesting observation I have is, for the past couple weeks, shorts are covering their postions in the last hour on every Friday.
5 minutes chart:
Compare ER2 and ES movements of the day:
Yes, very possible. Quite weak. If you look at yesterday's chart, there is a big divergence in the later afternoon. I don't know if that intraday...
I see. Your target is very close to EW's prejection. I usually don't quite use it, but I did some backtesting of EW on ER2, it works in some...
The buying pressure is weak. Now on 3 minute chart, this upside trend might break soon. So how it develops.
The down trendline is about to break:
Separate names with a comma.