Trump rally resumption might form double top Updated 6:50 a.m. Yesterday had a wedge top. The bulls then got a climactic breakout of that top. This created consecutive wedge tops. The 60 minute chart has nested wedges. Furthermore, this is at the top of an 11 day trading range. This increases the chances of sideways […]
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Trump rally resumption might form double top
Emini trading range before FOMC Fed interest rate hike
Intraday market update: December 6, 2016
Emini trading range before FOMC Fed interest rate hike Updated 7:00 a.m. While the Emini sold off on the open and is Always In Short, the bulls bought after 4 bars. This is more likely a bear leg in a trading range than the start of a strong bear trend day. The 60 minute moving […]
Trump rally pausing before Fed interest rate announcement
Intraday market update: December 5, 2016
Trump rally pausing before Fed interest rate announcement Updated 6:55 a.m. While the Emini gapped above Friday’s high, which is the neck line of the 2 day double bottom, it failed to create bull bars on the 1st 2 bars. That lowered the probability of a trend from the open bull trend. The context is […]
President Trump rally pulling back to August high breakout point
Intraday market update: December 2, 2016
President Trump rally pulling back to August high breakout point Updated 6:50 a.m. The Emini opened in the middle of the 60 minute moving average above and the August high below. Further more, it began with a bear doji, a rally, and reversal. It is therefore neutral and deciding whether to test support or resistance. […]
President Trump Christmas rally stalling before FOMC meeting
Intraday market update: December 1, 2016
President Trump Christmas rally stalling before FOMC meeting Updated 6:49 a.m. The Emini is having a trading range open. It tested the low of the 5 day trading range on the open. The bears see Tuesday’s low as the neck line of a double top. They therefore want a breakout and measured move down. Most […]
Limited resumption of the President Trump rally
Intraday market update: November 30, 2016
Limited resumption of the President Trump rally Updated 6:48 a.m. While the Emini gapped above yesterday’s high and broke to a new all-time high, the first bars were small. Furthermore, trend resumption up after a bear breakout below a protracted bull micro channel typically lasts 3 – 5 days. The odds are that the Emini […]
Christmas year end rally pullback
Intraday market update: November 29, 2016
Christmas year end rally pullback Updated 6:51 a.m. The bulls tried to rally from above yesterday’s low and the 60 minute moving average, but failed at the 5 minute moving average. The day began with limit order bull and bear scalpers making money. This looks like a continuation of the trading range trading of the […]
Stock market buy climax pullback
Intraday market update: November 28, 2016
Stock market buy climax pullback Updated 6:59 a.m. The Emini reversed up from below Friday’s low on the open. Hence, this is the 1st pullback in a 12 day bull micro channel. The bulls want an outside up day and therefore another new all-time high. Yet the rally was weak, as was the initial selloff. […]
President Trump stock market rally became buy climax
Intraday market update: November 23, 2016
President Trump stock market rally became buy climax I will update around 6:46 a.m. After yesterday’s buy climax, today gapped below yesterday’s close. There is a 50% chance that the bulls will try to rally for an hour or two. Yet, there is a 75% chance of at least 2 hours of sideways to down […]
President Trump climactic stock market rally
Intraday market update: November 22, 2016
President Trump climactic stock market rally Updated 6:59 a.m. While the Emini gapped up, the 1st 2 bars were dojis, which is weak buying. Furthermore, the Emini opened at the top of the 9 day channel. While there is a measured move target from the election gap at around 2207 and a leg 1 = […]