Today’s example of the Constant Volume Bars applied to the e-mini S&P 500 futures contract, we see a strong rally. Notice that following the minor break to a new low on the session when the market traded at 1429.00, the RSI then started holding above 38, indicating trading range momentum. Then, when the RSI crosses […]
Following a weak opening, the equity markets have rebounded. However, the volume ratios are neutral for the NYSE and slightly negative for the NASDAQ. Therefore, I would look for a slowing market ahead of the FOMC announcement.
The late-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are indicating […]
The daily bar chart of the 10-year T-note futures shows that today’s range has traded above the highs of two day’s ago, but the price action is still holding below the previous support zone, which is acting as resistance. I still see the weak RSI readings as indicating the trend is down. Today is the […]
The CQG Analog Chart, which is a chart display that plots multiple markets, has crude oil (blue bars), gasoline (light green close only line), and heating oil (white close only line) plotted. In addition, I have the RSI study plotted for each market using the same colors as the prices. We continue to see the […]
The market has moved sideways enough to move past a new down trend channel I plotted (blue) following the second test of the support zone. Buyers appear to be coming in. Yesterday’s RSI readings following the up close did signal a trading range with a negative bias. However, the break of the new down trend […]
Today, gold is trading back into the resistance zone. There was a hint yesterday that the market was going to retest the recent highs because the market closed up for the day, which also turned the RSI up. The other fact is that as the gold market moved sideways and out of the up trend […]
In today’s example of the Constant Volume Bars applied to the e-mini S&P 500 futures contract, which I use to compress the intraday trading action, there was a strong rally, as indicated by the RSI readings climbing above 62, which I think flashed good upside momentum. Now, the market is has dropped enough to flash […]
The broad market is doing better, but technology is lagging slightly. Still, the broad based rally in ETFs and the good volume readings from the NYSE are positives.
The late-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are indicating minor momentum for the E-mini S&P (EPH7), the DJ […]
Currently, 91-percent of the 228 ETFs I track are showing a positive gain today. Energy oriented ETFs are dominating the top ten performing list. Excel is linked to CQG for the data.
The daily bar chart of the 10-year T-note futures shows that today’s range is inside of yesterday’s range, and that the previous support zone is acting as resistance. The weak RSI readings indicate the trend is down and the price action should work lower. Today’s quiet activity is due to traders waiting for tomorrow’s FOMC […]