Emini reaction to election more important than election result I will update again at the end of the day. Pre-Open market analysis The Emini triggered a buy signal on the daily and weekly charts yesterday. The odds are that the October low will be the low for the rest of the year. Yesterday’s rally and […]

Emini ioi Breakout Mode going into today’s election I will update again at the end of the day. Pre-Open market analysis After the parabolic wedge bottom last week, the Emini retraced 50% of the 3 week selloff. It is at the 20 day EMA and it has been been going sideways for 4 days. With […]

Emini October bull trend reversal stalling at EMA I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside down day on Friday after a rally to the 20 day EMA. Because the rally followed a parabolic wedge sell climax, there will probably be buyers below. Sell climaxes […]

Emini daily and weekly buy setups after October sell climax I will update again at the end of the day. Pre-Open market analysis Yesterday reversed Wednesday’s late selloff, but the rally was weak. The most important concern today is the weekly chart. The bulls want the week to close on its high. That would create […]

Emini minor reversal up from October parabolic wedge sell climax I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday, but was unable to create a big bull bar. This week’s rally is due to exhausted bears, as evidenced by the parabolic wedge bottom. While the bulls […]

Emini ioi breakout mode after October parabolic wedge sell climax I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside day yesterday. There is therefore an ioi Breakout Mode setup on the daily chart. But, the extreme parabolic wedge bottom on the daily chart makes a relief […]

Emini outside down bar in parabolic wedge sell climax I will update again at the end of the day. Pre-Open market analysis I have been saying since Friday that the 8 day bear micro channel probably would end today or tomorrow. By today trading above Friday’s high, there is now a pullback and the micro […]

Emini wedge bottom and bear micro channel sell climax I will update again at the end of the day. Financial Market Overview Everything is short-term overdone. I wrote in my weekend blog that the odds are that a rally would probably begin early this week. The high of every day for the past 7 days […]

Emini sell climax with consecutive closes below the 2017 close I will update again at the end of the day. Pre-Open market analysis The Emini reversed up in a bull channel yesterday, but collapsed late to end the day again below last year’s close. This is the 2nd consecutive close below that key price and […]

Emini October selloff erased all of 2018 gains I will update again at the end of the day. Pre-Open market analysis I said at the close of Tuesday and again on yesterday morning that there were 2 problems with Tuesday’s rally. First, the 5 minute chart lacked consecutive big bull bars closing on their highs. […]