Tomorrow's Chart Today-Part 2

ES_7_11_16...Note how 0430,0500,0530 occurred on these charts, with 0530 indicating
the final bottom which just so happen to hit the bottom Bollinger Band, perfect place to
go long. If you know how to read ADX/-DMI/+DMI it was indicating a change in trend as
well.
 

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Crude-7_11_16...Note how on 0001, 0100, 0130, and as late at 0230 on these charts were
indicating a change. ADX/-DMI/+DMi indicated a trend change as well and a nice sell off occurred. Always trade with targets, never think it will just flow smoothly from one signal to
the next. The market is about sequences and symmetry.
 

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On Crude...after the overnight sell off we went into a congestion phase after 0400. We had 0630, 0700 on Sym Peaks and Valleys. Q Peaks and Valleys come later at 0800 & 0830. So we complete symmetry with them, which is no surprise. -DMI/+DMI crossed over at 0700 and it takes off to the upside.
 
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.
 
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.
 
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
 
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.
 
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 up on both Crude and ES.
 
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 1130. ES still in it's up trend but being slowed down
by Bollinger Band sellers.
 
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