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ES 1300 appears to be a good long and possible 5 point trade. 1300 was mentioned in a prior post as a turning post. I fudged and gamed it, got long at 42.75. If it hits 48/48.25 I'm gone. I would expect it to go up until 1430/1500. If it takes out 41.25 I'm gone. 1500 should be your next reversal.

You can't define or put any kind of reasoning to some of those swings when they release the Crude Oil reports. I trade 10 lots when I trade and there is no way am I going to foolishly put myself in such jeopardy. Now after the first 5 minute bar is completed you can begin to realize the...

I always use the 3 x 2 displaced moving average to determine the position of the market. 0900 was above the 3 x 2 on Crude so it's reversal signal would be a sell and likewise for the ES at 0930 today, both were above their 3 x 2 displaced moving average. Keeps it simple.

ES and Crude both gave sell signals on their openings. See if you can determine why on the attached charts. Both targets were hit. The rest of signals for the ES are 1300/1500. Crude's next signals are 1030/1400/1530

ES will still make new highs.

Neither market could break the 30 Minute 3x2, which supports their trends. So I would expect more highs now for the ES and Crude

ES is going to fulfill the 1230 Q Peak High and then it may run out of gas. Same with Crude it may fulfill the 1300 Q Peak before it stalls out and turns around but how many are going to be willing to sell these markets today? We'll find out, obviously the money was made to the upside, but I...

Well we came to a halt on the ES at 1145 but I expect they will still pop it and at least make a new high. Q Charts on the ES aren't really showing a sell off, more side ways action. Crude Sym Peak at 1030 turned it back up, there were 18 or so 5 Minute bars in a row of higher lows. You may get...

1200/1230 on Crude, next turning point on Crude

Crude and ES charts. Q Peaks or Q Valleys are very good at showing you the form the price chart will take. Looking at Sym Peaks and Valleys to provide the turning points. 0830/0930 was the turning points on Crude this morning. I have 1145 as the next significant turning point on the ES.

ES Q Peak (1230)/Valley (1200) went sideways but never changed the trend. You are seeing a move back up on 1300 Q Peak in Crude. On the larger scale, Crude 30 Min is not seeing any change in this current downtrend. As mentioned before the break down after 1130 ended the up trend in Crude. Okay...

Crude kept rolling back over and more downside back to where the rally began early this morning. It will likely overlap the 44.78-44.67 area,

ES target was hit even with a late entry at 29.25. Crude 1030 Low still being challenged and a break even trade had to be taken.

Crude 1130 Q Valley is challenging the 1030 Low. Q's are about completing symmetry and that is exactly what is happening. Crude is at a critical juncture. They could not get above the 3x2 on the 30 Minute, so for any continuance for a trend to the upside to occur a reversal is needed from...

1030 was a good opportunity to go long both in the ES and Crude. At least it would be a low risk trade.

You did get a reversal sell instead of buy on the 5 Min Crude, but it looks like it is setting up to be a buy at 1030 on the 30 Min. The market is overlapping our 0800/0830 on Crude. I had a support level at 45.19, so we are in the ball park. At this point I would have to say the trend is still...

You have a 1030 Sym Valley on the ES at 1030. This is worth watching because it will likely determine if we continue on to the upside or not. If they sell it off into 1030 then it could be a reversal buy.

No overall change in trend at this time for Crude or ES since their early morning reversals. Crude may be signaling or close to a reversal buy on the 5 Minute data

A reversal sell in Crude will not be confirmed at 0830, but that doesn't mean you won't get a reaction from it back down only to set up another buy. ES in a gridlock now.

It will be interesting in Crude to see if we get a reversal confirmation off of the 0800/0830 Q Peaks & Valleys. At this time I don't see any changes in the ES. Always have to watch the intraday openings closely.