Emini possible blow-off top preceding congressional budget vote Updated 6:47 a.m. Today gapped up and began with a big bull bar. However, the 2nd bar was a bear bar, which is bad follow-through. It therefore increases the chances of an early swing down to yesterday’s high or close. The bears need 2 – 3 bear […]

2018 January barometer indicates Trump rally continuing Updated 6:47 a.m. Friday ended with a buy climax. There is therefore only a 25% chance of a strong bull trend today. Yet, there is a 50% chance of some follow-through buying in the 1st 2 hours. The buy climax was a spike and channel bull trend. It […]

Emini nested parabolic wedge buy climaxes at measured move target Updated 6:48 a.m. The Emini gapped up and had 2 big bear bars. This reduces the chances of a bull trend day. It reversed up strongly on the 3rd bar, which reduces the chances of a big bear day. There was a big gap up, […]

Emini January effect Trump tax cut rally continuing Updated 6:45 a.m. The Emini opened with a big gap up and consecutive big bull bars. In addition, it broke above yesterday’s bull channel. The measured move up from yesterday’s wedge top and from yesterday’s opening gap up are both around 2724. This is an extreme buy […]

Trump rally contributing to January barometer Updated 6:44 a.m. The Emini had a small gap up and broke to a new all-time high. The 1st 2 bars were big bull bars closing near their highs. This makes either a bull trend day or a trading range day likely. If today is a trading range day, […]

Emini January effect and barometer are useless for traders Updated 6:44 a.m. The Emini opened with a big gap up. The day began with a big bear bar in the middle of Friday’s tight trading range. Since the risk for the bears was big and the probability low, the bulls bought below the bar. The […]

Trump rally continuing into January 19 government shutdown vote Updated 6:46 a.m. The Emini opened with a big bear bar after yesterday’s strong, late rally. The bears want a parabolic wedge top. Yet, yesterday’s rally was strong enough to make either a trading range or bull trend more likely today. The bears therefore will need […]

Emini holiday trading before budget vote and possible government shutdown Updated 6:44 a.m. The Emini reversed down from above yesterday’s high on the open. Since yesterday was a small day, there is an increased chance of an outside down day today. However, by trading above yesterday’s high, the bulls atriggered a buy signal on the […]

Christmas week means likely quiet holiday Emini trading Updated 6:48 a.m. Today opened with a big doji bar in the middle of yesterday’s range. Yesterday was a trading range day. Since a big bar has big risk for stop entry traders and a tight trading range has low probability for stop entry traders, most traders […]

Trump Emini rally awaiting government shutdown vote Updated 6:55 a.m. Yesterday was a bear bar and a sell signal bar for a wedge top on the daily chart. It was also a 2nd signal. Yet, the 5 day tight trading range reduces the odds of a successful reversal down today. Traders want to know if […]