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CL and ES leading indicator
Updated May 28, 2012
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CL and ES leading indicator
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#1 (permalink )
Point Roberts, WA, USA
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Here is a relationship I noticed today.
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Can you help answer these questions from other members on futures io?
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#3 (permalink )
Point Roberts, WA, USA
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RE may 22
There is a slight advance notice with CL in the early morning, with the green line CL topping before the blue bars ES, then the lows align in time. Next CL has a dramatic spike and hits it maximum level. CL falls makes a low below its previous low (confirming its downtrend for the day). It makes a retracement and then drops off.
Notice that its retracement high preceeds the ES high. This gives you a warning to short ES.
How low will ES go?
Since the CL broke its low (prior to the retracement -0.75% area), then it could be that the ES will break its low (at the 0% area).
I hope it helps!
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#4 (permalink )
Point Roberts, WA, USA
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according to this test ES should break 1317.50
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#5 (permalink )
Point Roberts, WA, USA
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22 May 2012
interestingly it had a touch and bounce of 1317.50 and now has gone through.
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#6 (permalink )
Point Roberts, WA, USA
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..........
peace, love and joy to you
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#7 (permalink )
Point Roberts, WA, USA
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#8 (permalink )
Point Roberts, WA, USA
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too funny alligator!
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Last Updated on May 28, 2012
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