Emini wedge top before Thanksgiving tax reform vote Updated 6:52 a.m. The Emini tried to resume Friday’s rally on the open, but the rally so far today lacks consecutive big bull trend bars. It looks more like a continuation of Friday’s 2 hour trading range. This increases the odds of a lot of trading range […]

Emini buy climax awaiting Trump’s tax reform after FOMC Updated 6:52 a.m. Today opened at yesterday’s close in the middle of yesterday’s 4 hour range. The bears want a strong break below yesterday’s low to trigger a sell signal on the daily chart. The bulls want a major trend reversal up. However, the early tight […]

Emini awaiting November FOMC Fed interest rate decision Updated 6:48 a.m. The Emini had a big gap up to a new all -time high and the 1st 3 bars were bull bars. However, none had a big bull body, and that therefore reduces the chances of a trend from the open bull trend day. The […]

Emini ignoring Manafort indictment, awaiting FOMC interest rate announcement Updated 6:45 a.m. The Emini opened with a small bear bar just above yesterday’s 4 hour range. Until there is a strong breakout up or down, the odds favor a continuation of yesterday’s trading. Since today opened in the middle of yesterday’s range and yesterday was […]

Emini buy climaxes, awaiting FOMC and unemployment report Updated 6:46 a.m. The Emini opened at a 50% pullback from Friday’s rally and began with consecutive bull bars. This reduces the chance of a bear trend day. Furthermore, the 60 minute moving average is support below today’s open. The odds are that today will be either […]

November FOMC interest rate hike potential catalyst for 5% correction Updated 6:52 a.m. By breaking above yesterday’s high, the bulls achieved their minimum objective of at least one more leg up after Wednesday’s bull reversal. The bulls want to get back above yesterday’s high. Since Tuesday’s high is a major lower high on the 60 […]

Emini outside down week in buy climax before tax reform Updated 6:54 a.m. Today gapped above the 60 minute moving average and the daily measured move target. It is close to yesterday’s high, which is a magnet. However, after a bull reversal day, a trading range is more likely than a strong bull trend. Consequently, […]

Emini ioi bull flag in buy climax before Trump’s tax reform and cut Updated 7:05 a.m. The bears got an early, strong break below yesterday’s low. They closed Friday’s gap up, which is now an exhaustion gap. The Emini is Always In Short. However, the bears need follow-through selling to convince traders that the selloff […]

Gap down will create Emini October island top Updated 6:48 a.m. The Emini gapped far above yesterday’s bear channel, but sold off on the open. The bears want a strong break below Thursday’s high to close the gap on the daily chart. They then want a big bear trend day. However, because today gapped far […]

Emini parabolic buy climax and possible island top, but no reversal yet Updated 6:50 a.m. The Emini had a small gap up, but it closed on the open. The bears began with 3 consecutive bear bars. This created a Big Up, Big Down, Big Confusion pattern with Friday’s close and it makes a trading range […]