Notes
- Futures delivery months:
- January – F
- February - G
- March -H
- April -J
- May - K
- June - M
- July - N
- August - Q
- September -U
- October - V
- November -X
- December -Z
- Information about the currently traded futures contract can be obtained at barchart.com.
- From May to early June, short positions in stock index futures are preferred, as there is a time-tested seasonal tendency for the decline of these markets. Common market wisdom says, “Sell in May and go away”.
- While seasonal patterns can repeat, they are not guaranteed to produce consistent results.
- The trades Michael summarizes in this video were based on his knowledge about NWOG, NDOG, premium and discount, time and price, and liquidity.
- NWOGs serve as magnets for price, with the algorithm programmed to refer back to these levels over extended periods.
- The literature of classical technical analysis teaches that once a gap is filled, it is useless. However, Michael clearly shows that the algorithm uses gaps (NWOG, NDOG, ORG,…) repeatedly.
ES Trade Examples - Daily Chart
ES Trade Examples - 15-Minute Chart
ES Trade Examples - New Day Opening Gap
ES Trade Examples - Volume Imbalance
ES Trade Examples - Trades
ES Trade Examples - Trade Executions
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