/ES 4140.75 basis September was printed as the final session low on June 18
just before today's settlement.
updated value of the /ES 50-day EMA = 4140.00,
with the daily 21,2 lower BB at 4142.50 also in the vicinity where /ES is now trading
/ES 4147.25 = Monthly Pivot value in play for all of June 2021 ( continuous contract )
/ES 4165.25 basis the June contract was the June 2021 low before today printed
a lower low of 4140.75 basis September contract
* the Weekly Pivot value for week ending June 18 acted as firm horizontal resistance
during the Thursday & Friday sessions, including the overnight
Message #476 from rimshot at 5/12/2021 5:32:37 PM
4051.00 = /ES day low at eod, Wednesday May 12, 2021
4238.25 = May 10th /ES day high & new record high printed in the overnight Globex session
4166.00 = 21-day SMA updated 10-mins after the May 12 cash market close
4094.00 = daily 21,2 lower Bollinger Band ( was 4113.65 at May 11 market close )
4061.25 = 50-day EMA
4046.50 = 50-day SMA
( all values above are calculated using both the Globex & day session price action )
** using a 90 trading days look back analysis updated for now:
below /ES approx. 4060 level, the Volume by Price histograms at each individual
/ES price level show relatively tiny Volume size until the sizes at each price level
increase in the /ES zone of 3985 to 3940 & below **
$SPX daily closes chart showing the prior lows for the
21,2 BandWidth compared to the BandWidth closing value on Thursday May 6, 2021
and showing the daily New Highs minus New Lows Differential Percentage for four indices -
stockcharts.com
* until the May 12th session, the 21,2 daily BandWidth resided in the region of prior BandWidth lows
seen in recent years
*** John Bollinger, CFA, CMT writes in his Bollinger on Bollinger Bands book that
often, though not always, the 1st directional move out of a Bollinger Band narrowing event is a
brief "false" move and the eventual directional move is in the opposite direction *** |
