Emini in breakout mode, awaiting central bank interest rate decisions Updated 6:51 a.m. Yesterday had a small range and therefore there is an increased chance of an outside day today. The Emini reversed up from below yesterday’s low on the open. Yet, because of 2 small trading range days, many traders will wait for more […]

Trump, hurricanes, DACA are inadequate Emini catalysts Updated 6:45 a.m. The Emini opened near yesterday’s high, but had small bars. This is therefore a continuation of the 3 hour range at the end of yesterday. Because yesterday is a weak buy signal bar in a 3 month range, the odds are that there will be […]

Trump 150 points S&P500 correction will last 2 months Updated 6:45 a.m. While today gapped above a minor bear trend line, it failed to gap above yesterday’s high. In addition, it began with 3 small doji bars. This is therefore a weak breakout and trading range price action. Consequently, it lowers the probability of a […]

Trump rally probably has evolved into bear channel Updated 6:48 a.m. The day began with a doji at yesterday’s high. This increases the chances that today might continue yesterday’s trading range. In addition, since yesterday was a small day, there is an increased chance of an outside down day. Whether or not today goes sideways […]

Emini Labor Day rally in possible 5 percent correction Updated 6:40 a.m. Today opened with a doji bar in the middle of yesterday’s range. This increases the odds that today will be a trading range day that will stay mostly or entirely within yesterday’s range. Yesterday’s big move up and today’s big gap down creates […]

Emini weak bull flag in correction to 2350 Updated 6:42 a.m. The Emini gapped above yesterday’s high and began with 2 big bull bars closing on their highs. This is a trend from the open bull trend and there is at least a 60% chance that we have seen the low of the day. The […]

Emini is likely beginning Trump 150 point, 5 percent correction Updated 6:45 a.m. Friday had a bear channel after a strong rally. The odds favor a bull break above the bear trend line today. In addition, Friday’s rally was strong enough so that its high is a magnet. Therefore, the Emini will probably test that […]

Extreme buy climax creating 150 point Emini bear trend reversal Updated 6:47 a.m. The sell climax continued on the open. It is so extreme that it is unlikely to continue far. The odds favor a sharp rally and then a trading range. The most important price today will be the open of the day. If […]

Emini bull leg in trading range in weekly buy climax Updated 6:55 a.m. The Emini reversed up from below the 3 day trading range. Yet, there was a 2 tick tail on the top of the buy signal bar. In addition, the entry bar was a bear bar. While the next bar was good, the […]

Emini awaiting catalyst, like North Korea missile decision Updated 6:49 a.m. The Emini opened above yesterday’s high, but immediately closed the gap. Because yesterday was a small day, the bears will try to trade below yesterday’s low to create an outside down day. The bulls see the tails below the 1st 3 bars and hope […]