Monday, May 13, 2013

Woodies ATR /ES S&P 500 Futures

There was a picture perfect Ghost pattern on the one day ATR of Woodies CCI. Closing price of the index migrated down four handles in a matter of three minutes. Most of the trading today was range bound in a high and tight channel-- this gave us an opportunity to evaluate the rest of the futures markets, especially metals and bonds, that gave further insight into the week's coming opportunities, that may be presented in the S&P futures. Price also went back and forth several times in between the Camarilla Pivots.