Emini at magnets of March open and low of last week I will update again at the end of the day. Pre-Open market analysis As I wrote before yesterday’s open, yesterday was a bad sell signal bar on the daily chart. Although the Emini triggered the sell, it reversed up. The Emini is waiting for […]

Emini weekly and daily sell signal bars after 3 month rally I will update again at the end of the day. Pre-Open market analysis Since Monday was a weak buy signal bar, there were likely to be more sellers than buyers above Monday’s high. And there were. Although yesterday gapped up, it sold off for […]

Emini weekly sell signal but at 20 day EMA I will update again at the end of the day. Pre-Open market analysis Yesterday traded below last week’s low and triggered a weekly sell signal. However, the day was a trading range day. Since it closed above its midpoint, it is a buy signal bar for […]

Emini nested buy climaxes above 2825 resistance I will update again at the end of the day. Pre-Open market analysis Friday completely reversed Thursday’s rally. Thursday was a buy climax. It followed an 8 bar bull micro channel, which is a bigger buy climax. Both are late in a 3 month buy climax. This is […]

Yesterday’s strong Emini rally might form micro double top I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong bull trend day. By going above Wednesday’s high, it triggered a buy signal on the daily chart. But, Wednesday had a bear body and therefore was a weak buy […]

Weak Emini High 1 bull flag after March FOMC announcement I will update again at the end of the day. Pre-Open market analysis Yesterday reversed up on the FOMC announcement, but sold off into the close. By trading below Tuesday’s low, it became the 1st pullback after an 8 bar bull micro channel on the […]

Emini buy climax ahead of March FOMC announcement I will update again at the end of the day. Pre-Open market analysis The 2 dominant forces today are the buy climax on the daily chart and the 11 am FOMC announcement. The daily chart has rallied in a bull micro channel for 8 days. That is […]

Emini weak follow-through buying after breakout above 2825 resistance I will update again at the end of the day. Pre-Open market analysis The Emini broke above last week’s high. That was the minimum objective for the bulls after a strong bull reversal last week. Despite being sideways all day, the day closed on its high. […]

Emini breakout above October triple top needs follow through I will update again at the end of the day. Pre-Open market analysis Friday broke above the top of the October-November-December triple top. It was therefore a new 6 month high. However, the daily chart has been in a trading range for 16 months. Most breakouts […]

Emini strong rally stalling at 2018 triple top I will update again at the end of the day. Pre-Open market analysis After Wednesday broke above last week’s high, yesterday was an inside day and a trading range day. It is a High 1 bull flag, but just below the resistance of the 2018 triple top […]