Emini buy climax as AMZN and GOOGL exceed 1,000 Updated 6:51 a.m. Since the Emini gapped below yesterday’s low, it triggered the sell signal on the daily chart. Yet, unless the bears get consecutive big bear bars, the odds are against a swing down on the daily chart. There are more likely buyers below and […]
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Emini buy climax as AMZN and GOOGL exceed 1,000
Profit taking around Amazon and Alphabet Google 1,000 Big Round Number
Intraday market update: May 26, 2017
Profit taking around Amazon and Alphabet Google 1,000 Big Round Number Updated 6:47 a.m. The Emini had many small dojis in a tight range for the final 3 hours yesterday. Today began with a doji and a tight trading range near the low of yesterday’s range. Because yesterday had a bull breakout above a 3 […]
Amazon and Google testing 1,000, lifting stock market
Intraday market update: May 25, 2017
Amazon and Google testing 1,000, lifting stock market Updated 6:54 a.m. The Emini gapped up to a new all-time high and above 2400 and the 2 month trading range. Yet, the 1st bar was a bear bar and the next was a doji. Furthermore, most days for the past week have had lots of reversals. […]
Market ignoring London terror attack and Trump’s Russia Probe
Intraday market update: May 24, 2017
Market ignoring London terror attack and Trump’s Russia Probe Update 6:49 a.m. The day opened above yesterday’s high and 2400, and reversed down from a 3 hour expanding triangle top. The 1st 2 bars were bear bars and therefore the Emini is Always In Short. Yet, the bodies were small and both had prominent tails. […]
Trump’s Mideast trip will not prevent 100 point correction
Intraday market update: May 23, 2017
Trump’s Mideast trip will not prevent 100 point correction Updated 6:54 a.m. Today opened above yesterday’s high. Furthermore, the week will likely begin to test down today or tomorrow. In addition yesterday had a small range. Finally, the magnet of the 60 minute moving average is around yesterday’s low. These factors increase the chance of […]
Possible island bottom after Trump’s island top
Intraday market update: May 22, 2017
Possible island bottom after Trump’s island top Updated 6:50 a.m. The Emini broke above yesterday’s high with 3 bull bars on the open. Yet, the odds favor an inside week with a lot of trading range price action. This reduces the chances of a strong trend day up or down. The Emini is Always In […]
Trump special counsel is catalyst for 100 point correction
Intraday market update: May 19, 2017
Trump special counsel is catalyst for 100 point correction Updated 6:58 a.m. The bulls got a trend from the open bull trend that rallied to last week’s low. Yet, the Emini stalled there. Therefore, last week’s low will be a magnet all day. Since there is a 3 day Big Down, Big Up pattern, a […]
Trump impeachment risk is catalyst for 5% correction
Intraday market update: May 18, 2017
Trump impeachment risk is catalyst for 5% correction Updated 6:48 a.m. The Emini reversed up from below yesterday’s low on the open. In addition, the 1st selloff failed and created a small double bottom. The bears want this reversal to fail, like yesterday. Yet, it is a reversal up from below a bear channel as […]
5 percent correction after Trump impeachment talks
Intraday market update: May 17, 2017
5 percent correction after Trump impeachment talks Updated 6:52 a.m. The Emini began with a big gap down to the bottom of the 3 week wedge rally. Yet, the 1st 2 bars were bull bars and the 1st one was strong. This therefore creates confusion. Hence, a trading range for the 1st hour or so […]
Trump rally breakout of 2400 should fail within 2 weeks
Intraday market update: May 16, 2017
Trump rally breakout of 2400 should fail within 2 weeks Updated 6:52 a.m. The Emini reversed down from above yesterday’s high and is Always In Short. Yet, the bulls want an opening reversal up from the moving average. They need a strong break to a new high of the day. At the moment, the best […]