Emini tight trading range failed bear breakout Updated 6:44 a.m. Today opened in the middle of yesterday’s 4 hour expanding triangle. The 1st bars had big tails. Limit order bulls and bears made money. These factors increase the chances that today will again have a lot of trading range trading. Yesterday was a buy signal […]

Emini bear rally in 5 percent correction to December close Updated 6:53 a.m. Today began with a trend from the open bear trend. The selloff was strong enough to make either a trading range day or a bear trend day likely. The odds are therefore against a bull trend day. Because the Emini has been […]

Early Emini bear trend but April is seasonally bullish Updated 6:55 a.m. The Emini rallied on the open and is Always In Long. Yet, the bulls need a strong break above the 3 day tight trading range. Otherwise, this is just a rally in the range. Traders are now choosing between a bull trend day […]

Stock market sell climax reversal after senate nuclear option Updated 6:58 a.m. The Emini opened in the middle of yesterday’s range, but rallied on the open. Yet limit order bears made money and the Emini reversed down from the 60 minute moving average. While there are weekly magnets above, the bulls need another reversal up […]

Emini wedge bear flag after FOMC minutes Updated 6:59 a.m. The bears got an opening reversal down from the moving average. Yet, they need follow-through selling if today is going to be a strong bear day. More likely, today will begin with a trading range. If there is a selloff, it will probably reverse up […]

Stock market probably ignoring Senate filibuster nuclear option Updated 6:53 a.m. The Emini gapped up and rallied strongly above last week’s high, triggering a buy signal on the weekly chart. It is Always In Long and there is a 60% chance that we have seen the low of the day. Yet, when there is a […]

Stock market sideways before Gorsuch Senate nuclear option vote Updated 6:53 a.m. The Emini opened with a doji bar in the middle of yesterday’s final leg up. This is therefore a trading range open. In addition, yesterday was a Big Down, Big Up day. Consequently, traders are confused. This therefore further increases the chances of […]

April is seasonally strong but still in early bear channel Updated 6:45 a.m. The day began at yesterday’s close at the 60 minute moving average. In addition, it was a limit order open. The bears want yesterday’s selloff into the close to be the start of a pullback to Wednesday’s bottom of the bull channel. […]

End of quarter window dressing before 5 percent correction Updated 6:41 a.m. The Emini gapped down to the 60 minute moving average on the open, and had a weak reversal. This is early trading range price action. Furthermore, it is in the middle of yesterday’s range. In addition, like the past 2 days were mostly […]

Impending Obamacare Affordable Health Act repeal causing S&P rally Updated 6:41 a.m. The Emini opened in the middle of yesterday, which was a trading range day. The selloff down to yesterday’s low was strong. Therefore, the Emini might have to test that low again before the bulls will buy again. If it does test that […]