22 June 2015

ES weekly: – it is the summer and volume and range reduce. Watching for 2126/35. Last 4 months ATR is ~ 80. 2061 mLo + 80 = 2141 ES daily: DAX daily: EURUSD daily: Advertisements

COT data 20/06/15

The last week had : FOMC holding rates and they finally publicly concede there is lower US growth. Greek crisis continuing and talk of accidental Grexit but eventually Greece given more time it seems. Effects of Russian sanctions on European (particularly German) exports. Contract roll and Options expiry. Basically very tricky to trade and tough…

Charts 3rd June 2015 ES, DAX, EUR

ES: Developing value line moved up from 2095 to 2101 and another HVN developing 2012 which is pivotal. Recent range. ES didn’t sell into the close for the first time in 4 sessions. Large volume selling was absorbed at the close on Friday and open on monday. This was well in excess of any volume…