Updated 6:44 a.m. The Emini opened in the middle of Friday’s tight trading range. Hence, today’s open is a continuation of that range. In addition, the 1st bar had a big tail below and therefore was a trading range bar. The 2nd bar was a bull inside bar and therefore a buy signal bar for […]

House and Senate voting on Trump’s tax cut bill Updated 6:46 a.m. After yesterday’s strong rally, today continued the endless pullback. It began with doji bars just above the 60 minute 20 bar EMA, and around a 50% pullback. Because the selloff from yesterday’s high was in a tight bear channel, the 1st reversal up […]

Emini buy climax pausing before Trump’s tax cut vote Uppdated 6:48 a.m. The bulls gapped above yesterday’s high and the 60 minute 20 bar EMA, but the 2nd bar was a strong bear bar. This is consistent with all of the reversals over the past 3 weeks. In addition, it lowers the chances of a […]

Emini tight trading range before budget and tax cut votes Updated 6:48 a.m. The 1st 2 bars were big bear bars closing on their lows. Furthermore, by breaking below last week’s low, the selloff triggered a sell signal on the weekly chart. The odds favor a bear trend day. However, there could be a deep […]

Emini awaiting Trump’s tax reform vote and budget deal Updated 6:47 a.m. After a big gap down, today reversed up from the below yesterday’s low and the 20 day EMA. Yet, the buy signal bar was a doji, which is a one bar trading range. In addition, it had a bear body. While this has […]

Emini test of wedge top before Trump tax reform vote Updated 6:44 a.m. The Emini gapped below Friday’s low, but the 1st 2 bars were bull bars. This is a small Big Down, Big Up pattern, and it makes an early trading range likely. The bulls want a failed breakout below yesterday’s low. If there […]

Emini bull reversal bar before Trump’s tax cut and budget votes Updated 6:44 a.m. While yesterday was a bull reversal day, it was in a 2 week trading range and therefore there is nothing to reverse. Today opened in the middle 3rd of yesterday’s range, which increases the chances of a lot of overlap. Overlap […]

Emini wedge top and buy climax at 2600 Big Round Number Updated 6:44 a.m. The Emini opened with a big gap down. The 1st 2 bars were big bars with big tails. The bull bodies make a Big Down, Big Up, Big Confusion pattern, which usually leads to a trading range. The tails are typical […]

Emini wedge top and Trump tax cuts and tax reform Updated 6:41 a.m. Today opened in yesterday’s 4 hour trading range, just above yesterday’s low. The odds are that today will test both yesterday’s low and high. It therefore will probably have both a leg down and up and form a trading range day. Since […]

Emini wedge top before Congress Trump’s tax reform vote Updated 6:49 a.m. The bulls got a breakout to another new high on the open and a Buy The Close open. They want a 4th consecutive bull day. While the Emini is Always In Long, it is at the top of a wedge on the daily […]