Emini traders watching for possible government shutdown Updated 6:44 a.m. Today is the 3rd consecutive day that gapped up and sold off on the open. However, the 1st bar today was only a doji. This is a weaker start for the bears. It therefore increases the chances of an opening reversal up from around the […]

Emini buy the rumor, sell the fact after tax cut vote? Updated 6:50 a.m. The Emini gapped above the 2 day bull flag but immediately sold off with big bear bars. There is only a 20% chance of a bull trend day. Today will be either a bear trend day or a reversal day. If […]

Emini Trump rally exhaustion gap on weekly chart Updated 6:55 a.m. The Emini opened within yesterday’s tight trading range and began with 4 bear bars. They reduce the odds of a bull trend day today. At the moment, the Emini is Always In Short, and it is deciding between a bear trend day and another […]

Trump rally continuing into tax cut vote this week Updated 6:49 a.m. The Emini opened with a big gap up and then had 2 good, but not great, bull bars. Yet, it is far above the average price. While there is a 20% chance of a continued strong rally for the 1st hour, there is […]

Trump rally year end profit taking and tax cut vote Updated 6:45 a.m. Today had a big gap up, and none of the 1st several bars were big bear bars. That makes either a trading range or bull trend day likely. Since the 1st 2 bars were dojis, an early trading range is likely. In […]

Emini Trump rally awaiting tax cut vote Updated 6:41 a.m. The Emini opened with a doji in the middle of yesterday’s trading range. Yet, the odds favor a breakout below yesterday’s low, but buyers below. If the bears get a big breakout and follow-through, today could become a strong bear trend day. That is unlikely. […]

FOMC, Alabama Moore vote, and tax reform test Trump rally Updated 6:50 a.m. The bulls got early consecutive bull bars, but the rally did not break strongly above yesterday’s high and trading range. In addition, the bears got a strong reversal bar just after the breakout to a new all-time high. While the Emini is […]

Emini eyes Alabama Moore vote and FOMC rate hike Updated 6:48 a.m. The Emini opened with a small bear bar and then a doji. This is a quiet open after yesterday’s Buy The Close finish. The all-time high is a magnet just above. However, yesterday’s finish was a buy climax. The bulls will probably need […]

Trump rally stalling before tax cut and budget votes Updated 6:51 a.m. The day began with a small wedge top that began in the last hour on Friday, but the 1st bar was a doji. While this was a reasonable higher high major trend reversal sell setup, the doji sell signal bar shows a lack […]

Emini is neutral before today’s government shutdown vote Updated 6:55 a.m. The Emini gapped up to near Tuesday’s major lower high. The bears want a double top lower high major trend reversal on the 60 minute chart. The bulls want any early selloff to be a pullback from the big gap up. The early tight […]