Posted 7:01 a.m. The Emini reversed up sharply after a dip below the bottom of the FOMC bull reversal, and became Always In Long. The bears tried for an Opening Reversal down from the moving average and a 50% pullback, but the rally was strong enough to make this a low probability bet. It is […]

Posted 7:01 a.m. The Emini reversed up from a test of yesterday’s low, but lacked follow-through. Yesterday was a tight trading range. The Emini has not yet done enough to convince traders that it is about to have a swing up or down. It might reach a measured move up or down, based on the […]

Posted 7:10 a.m. The Emini gapped above yesterday’s high triggering a High 1 bull flag buy signal on the daily chart. Limit order bears could not make any money in the 1st 30 minutes. Even though the Emini has had a series of buy climaxes since the last hour of yesterday and it testing the […]

Posted 7:09 a.m. The Emini tested yesterday’s low, but stalled in yesterday’s lower trading range. While the Emini is Always In Short, the initial sell signal bar at the high of the day had a bull body and it was not quite at the moving average. This happens more often in a trading range than […]

Posted 7:00 a.m. The Emini reversed up from below yesterday’s low in the first minute of the day. Although it had several consecutive bull bars, they had prominent tails. This happens more in a bull leg in a trading range than in a bull trend. Unless the bulls get a strong bull breakout above the […]

Posted 7:12 a.m. The Emini sold off on the open to the 60 minute moving average. Yesterday was a sell signal bar on the daily chart, and today’s selloff is near the support of yesterday’s low. The selloff has been strong enough for today to trigger the short below yesterday’s low. However, the selloff is […]

Posted 6:46 a.m. The quiet, tight bull channel from yesterday continued on the open today. The bulls want the reversal up from the moving average to be an Opening Reversal that leads to a new all-time high. The bears want the weak rally fro 41 yesterday to be a leg in a trading range. Until […]

Posted 6:56 a.m. Yesterday is a sell signal bar on the daily chart, but it is a doji after 2 good bull bars. The odds are that there will be buyers below yesterday’s low. The bears want a bear trend, but the bulls scalpers have already made money twice today and the bear bars are […]

Posted 7:06 a.m. The Emini reversed down from above yesterday’s high, but it lacked consecutive big bear trend bars. The odds are that yesterday’s bull channel was a bull leg in what will become a trading range. The Emini is Always In Short, and it probably will test higher lows in yesterday’s channel. It might […]

Posted 7:05 a.m. The Emini gapped up and had 3 early bull bars, but the bars overlapped and had tails. This was a weak opening for the bulls. Also, limit order bears made money twice in the 1st 5 bars. This is not how bull trends typically begin and it increases the chances of a […]