We just printed a double bottom with a pattern I really like. See those hammers or “tent stakes” as I call them? Very solid pattern going into the Fed Minutes release. I have a long off of it. We’ll see how much support it provides for the rest of the day.

double_tent_stake.JPG


One Response to “Intraday Pattern in SP-500 Futures”

  1. The Trading Digest » Blog Archive » Naked Close Resversal and Many Tent Stakes Says:

    [...] today before the release of the Fed Minutes at 2:00 EST I had made a rare intraday post to point to an oddity that had occured on my 500 tick SP Futures chart (the ES). I like this chart because it makes turning points and flag edges quite clear to me on a [...]

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