How to trade July FOMC report Updated 6:55 a.m. The Emini reversed down from above yesterday’s high and from 2 ticks below last’s week’s all-time high. However, the selloff had bull bars after bear bars. This is more typical of a weak bear trend, a trading range, or an Opening Reversal. Since the Emini is […]

Getting ready to day trade tomorrow’s FOMC report: Updated 6:59 a.m. The Emini opened with a Trend From The Open Bull Trend. There is no Parabolic Wedge Top yet. The odds are that the 1st reversal down will be bought. While the rally is a buy vacuum test of yesterday’s high and a possible high […]

Democratic Convention stock market rally: Updated 6:55 a.m. Like most days over the past 2 weeks, the Emini sold off on the open. Then bulls again want an opening reversal, today, at the 60 minute moving average, and an early low of the day. The bears want a strong breakout below the 60 minute moving […]

Micro double top buy climax: Updated 6:50 a.m. The Emini began with an opening reversal down from the 60 minute moving average, a 50% pullback, and a test near the top of yesterday’s bear channel. Furthermore, yesterday’s reversal up was minor and therefore a bear rally. Finally, yesterday had a series of Moving Average Gap […]

Trading new all-time high stock market breakout: Updated around 7:04 a.m. The Emini began with an opening reversal up from a test of the old all-time high. It was also a 2nd leg down from yesterday’s double top major trend reversal. Yet, the buy signal bar had a big tail on top. Furthermore, the Emini […]

Day trading tight trading ranges: Updated around 6:55 a.m. The Emini sold off early on most days over the past couple of weeks. Yet, bulls came in and created Opening Reversals. This sometimes resulted in a low of the day, and other times it simply halted the selling for an hour or so. The bulls […]

ioi breakout mode candlestick pattern: I will update around 6:58 a.m. The Emini opened with 4 bars with prominent tails within yesterday’s range. This increases the chances that the 3 day tight trading range will grow. While the odds favor today trading either below yesterday’s low, above its high, or both, the probability is that […]

Emini bull flag after Turkey Coup: I will update around 6:55 a.m. Today opened within Friday’s trading range. The 1st 3 bars had prominent tails. This is a continuation of Friday’s trading range price action, and it increases the chances of a lot of trading range price action today. Friday was an outside down day […]

S&P500 60 minute chart wedge top reversal: I updated 7:02 a.m. Like every day this week, the Emini sold off early. Because yesterday was a small range day, today could trade below its low and become an outside down day. As a result of the early selling in an overbought market, the odds favor sideways […]

Bull flag candlestick pattern coming soon: Updated 6:50 a.m. The Emini opened with a big gap up at the top of the 60 minute wedge bull channel. It also tested a measured move up from yesterday’s range. It reversed down over the 1st several bars and is Always In Short. Because the bear bars had […]