Emini weekly gap up to new all time high on NAFTA I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to a new all-time high yesterday on the daily and weekly charts. While the news will attribute this to a possible NAFTA deal, it is mostly technical. […]
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Emini weekly gap up to new all time high on NAFTA
Emini August breakout to a new all time high
Intraday market update: Monday August 27, 2018
Emini August breakout to a new all time high I will update again at the end of the day. Pre-Open market analysis The Emini rallied again on Friday and closed about 7 points below the all-time high. The cash index made a new high on Wednesday and again on Friday. The bulls want follow-through buying […]
Emini possible gap up above January all-time high
Emini weekend update: August 25, 2018
Monthly S&P500 Emini futures candlestick chart:Testing the January all-time high The August candlestick on the monthly S&P500 Emini futures chart so far is a bull bar. The bears want a double top with the January high, but the odds favor a new all-time high soon. The monthly S&P500 Emini futures candlestick chart is resuming its […]
Emini double top after Cohen and China tariff news
Intraday market update: Friday August 24, 2018
Emini double top after Cohen and Manafort news I will update again at the end of the day. Pre-Open market analysis Yesterday rallied, but reversed down strongly, forming an outside down day. It is therefore a sell signal bar on the daily chart. However, it was a doji bar and the 3rd small day in […]
Emini already priced in Cohen and Manafort
Intraday market update: Thursday August 23, 2018
Emini already priced in Cohen and Manafort I will update again at the end of the day. Pre-Open market analysis The Emini reversed up yesterday after Tuesday’s sell climax. It is a buy signal bar on the daily chart for today. However, the selling on the 60 minute chart was strong enough to make a […]
Emini wedge top bear trend reversal at January all time high
Intraday market update: Wednesday August 22, 2018
Emini wedge top bear trend reversal at January all time high I will update again at the end of the day. Pre-Open market analysis The cash index reversed down from a small breakout above the January all-time high. The reversal created a sell signal bar on the Emini daily chart. Furthermore, there is a wedge […]
Emini 60 minute wedge rally testing all-time high
Intraday market update: Tuesday August 21, 2018
Emini 60 minute wedge rally testing all-time high I will update again at the end of the day. Pre-Open market analysis Yesterday was a weak bull reversal day, but it spent most of its time in a tight trading range. By going above last week’s high yesterday, the Emini triggered a buy signal on the […]
Emini weekly High 1 bull flag below all time high
Intraday market update: Monday August 20, 2018
Emini weekly High 1 bull flag below all time high I will update again at the end of the day. Pre-Open market analysis Last week closed near its high. Therefore, the candlestick on the weekly chart is a High 1 buy signal bar for this week. If this week trades above last week’s high, it […]
Emini High 1 bull flag so imminent all time high
Emini weekend update: August 18, 2018
Monthly S&P500 Emini futures candlestick chart:5th month in weak rally The monthly S&P500 Emini futures candlestick chart has a small bar so far in August. The Emini is deciding between a double top and a breakout above the January high. The monthly S&P500 Emini futures candlestick chart has rallied 5 months after February’s strong selloff. […]
Emini unlikely to create outside up candlestick on weekly chart
Intraday market update: Friday August 17, 2018
Emini unlikely to create outside up candlestick on weekly chart I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday and created a 1 day island bottom. While yesterday was a bull trend day, it closed below its high. But, the momentum up good enough to make […]