Chart Ideas

[rimshot]

10/26/2018 - 95 /ES handle decline from Thursday's day session high to Friday's 2627.25 day session low

10/25/2018 - 70 /ES handle bounce to today's day session high from Wednesday's day session /ES low

10/24/2018 95 handles down from day session high to day low of 2652.25

10/23/2018 - 65 handle bounce to day high from the /ES 2692.25 day low
AND
this was preceded by a 252 handle decline from the October 2018
/ES high of 2944.75 to today's 2692.25 day low

Summary of the total October 2018 decline distance to date:

/ ES high in October = 2944.75
/ ES low in October = 2627.25 printed on Friday 10/26/2018

decline distance = 317.50 / ES handles

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• August 31 note - the RSP to SPY daily ratio achieved a new multi-year low by a large margin vs. the prior low during the week ended August 31, 2018 ...

meaning the SPY price action's direction is increasingly dependent on the very largest
market capitalization size stocks contained in the S&P 100 index ($OEX)

daily ratio chart view, scroll down some -

https://stockcharts.com/c-sc/sc?s=RSP%3ASPY&p=D&yr=1&mn=0&dy=0&i=p11705473018&a=579027105&r=1519242292981

new record bounce highs for /ES :

• /ES 2944.75 = the October all-sessions high AND the SPY October high have not surpassed the September 21st record high


2947.00 September 21 early a.m.

pullback lows by /ES of interest since June 2018:

* the sharp decline lower started after October 5 and continued into October 26, 2018
2712.25 - in week ended October 12
2873.25 - October 5 late day
2887.75 - October 4 mid-day
2865.00 - September 7 a.m.
2877.50 - September 5
2885.50 - September 4
2891.75 - August 31
2876.75 - low in week ended August 31
2850.00
2831.00's
2803.00
2791 August low
2790 late July low
2788 to 2767 = the often tested horizontal support zone in June to July 2018