ES Futures Taster

ChartMan

Legendary member
5,580 46
A quick taster of the ES futures on Friday. Notice the clear multiple bear flags, RSI failing to make 70 and CCI always below zero. Checkout the volume peaks on each cycle low..... I'm convinced volume analysis is the way forward . Another reason for switching to Sierra as you can show buy and sell volume separately.
 

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ChartMan

Legendary member
5,580 46
And the 10 min chart says it all. No chance here of sustaining the move with the divergence shown in RSI and CCI. It's handy seeing the after hours action( with the total lack of volume) to get a better overall picture and a feel for the coming days' action.
 

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