Monthly S&P500 Emini futures candlestick chart:Big bear bar, but trading range more likely than bear trend The monthly S&P500 Emini futures candlestick chart has a big bear bar so far for October. However, it followed a 6 bar bull micro channel. Furthermore, the double top with the January high only has 9 bars. That is […]
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Emini October exhaustive sell climax should test 2017 close of 2689.75
Emini weekly doji inside bar after last week’s sell climax
Intraday market update: Friday October 19, 2018
Emini weekly doji inside bar after last week’s sell climax I will update again at the end of the day. Pre-Open market analysis The Emini triggered a weak sell signal yesterday buy trading below Wednesday’s low. Therefore, the odds are that the Emini will continue the 6 day developing trading range before deciding on the […]
Emini bulls need follow-through buying after October bear trap
Intraday market update: Thursday October 18, 2018
Emini bulls need follow-through buying after October bear trap I will update again at the end of the day. Pre-Open market analysis Yesterday sold off to the 60 minute EMA and reversed up to above Tuesday’s high. The 2nd half of the day was a trading range and the day closed just above the open. […]
Possible Emini October bear trap
Intraday market update: Wednesday October 17, 2018
Possible Emini October bear trap I will update again at the end of the day. Pre-Open market analysis The Emini broke above the bear ii on the daily chart yesterday and formed a big bull trend from the open. While good for the bulls, they need follow-through buying for at least 1 – 2 more […]
Emini consolidating after either October bear breakout or bear trap
Intraday market update: Tuesday October 16, 2018
Emini consolidating after either October bear breakout or bear trap I will update again at the end of the day. Pre-Open market analysis The Emini continued its 3 day trading range yesterday. But, it closed near its low and it was the 2nd consecutive bear inside bar. This is an ii sell signal for today. […]
Emini October sell climax erasing the 2018 gains
Intraday market update: Monday October 15, 2018
Emini October sell climax erasing the 2018 gains I will update again at the end of the day. Pre-Open market analysis The Emini sold off strongly last week. It will probably soon give back all of 2018’s gains by falling below last year’s close. However, because the selling has been so extreme, the bears might […]
Emini October correction to 2017 close and maybe February low
Emini weekend update: October 13, 2018
Monthly S&P500 Emini futures candlestick chart:Big bear trend bar in yearlong trading range The monthly S&P500 Emini futures candlestick chart so far has a big bear trend bar in October. It is testing a 2 year bull trend line. There is support below at the 20 month EMA and the February low. Despite the size […]
Emini giving back all of 2018 gains on test of 2700
Intraday market update: Friday October 12, 2018
Emini giving back all of 2018 gains on test of 2700 I will update again at the end of the day. Pre-Open market analysis Since yesterday was another big bear day on the daily chart, the Emini will probably test the next major support at 2700 within a few weeks. Look at the 1st half […]
Emini correction could give back all of 2018 gains
Intraday market update: Thursday October 11, 2018
Emini correction could give back all of 2018 gains I will update again at the end of the day. Pre-Open market analysis For the past month, I said that the Emini looked weak and that it would probably pull back to the 20 week EMA. The bears accomplished that goal yesterday. Furthermore, I said that […]
Emini pullback to bear flag after last week’s strong selloff
Intraday market update: Wednesday October 10, 2018
Emini pullback to bear flag after last week’s strong selloff I will update again at the end of the day. Pre-Open market analysis On Monday, the Emini reversed up from the bottom of the bull channel on the daily chart and from the September 7 low. It was a good buy signal bar at this […]