Emini gapped up but need follow through buying Updated 6:45 a.m. The Emini gapped up and began with consecutive bull bars, like yesterday. Yet, the gap and bars were smaller today. In addition, yesterday’s 40 bar tight trading range is a magnet. Therefore, the bears will look to sell a failed breakout above yesterday’s high. […]
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Emini gapped up but need follow through buying
Emini awaiting central bank interest rate guidance
Intraday market update: September 11, 2017
Emini awaiting central bank interest rate guidance Updated 6:46 a.m. The Emini opened with a big gap up and consecutive strong bull bars. It is Always In Long. This is a strong enough open to make a bear trend day unlikely. Therefore today will probably be either a bull trend day or mostly a trading […]
Emini awaiting September central bank interest rate announcements
Emini weekend update: September 9, 2017
Monthly S&P500 Emini futures candlestick chart: Buy climax, Emini awaiting September central bank interest rate announcements The monthly S&P500 Emini futures candlestick chart has not pulled back below the low of the prior bar for 10 months. This is therefore an 11 month bull micro channel. The monthly S&P500 Emini futures candlestick chart’s behavior is […]
Emini in breakout mode, awaiting central bank interest rate decisions
Intraday market update: September 8, 2017
Emini in breakout mode, awaiting central bank interest rate decisions Updated 6:51 a.m. Yesterday had a small range and therefore there is an increased chance of an outside day today. The Emini reversed up from below yesterday’s low on the open. Yet, because of 2 small trading range days, many traders will wait for more […]
Trump, hurricanes, DACA are inadequate Emini catalysts
Intraday market update: September 7, 2017
Trump, hurricanes, DACA are inadequate Emini catalysts Updated 6:45 a.m. The Emini opened near yesterday’s high, but had small bars. This is therefore a continuation of the 3 hour range at the end of yesterday. Because yesterday is a weak buy signal bar in a 3 month range, the odds are that there will be […]
Emini has begun 5 percent correction down to 2350
Emini weekend update: August 26, 2017
Monthly S&P500 Emini futures candlestick chart:Parabolic wedge buy climax The monthly S&P500 Emini futures candlestick chart has a bear body so far this month. If August trades below the July low, it will be an outside down month. In addition, it is in a 20 month tight bull channel that has had 3 pushes up […]
Trump 150 points S&P500 correction will last 2 months
Intraday market update: August 25, 2017
Trump 150 points S&P500 correction will last 2 months Updated 6:45 a.m. While today gapped above a minor bear trend line, it failed to gap above yesterday’s high. In addition, it began with 3 small doji bars. This is therefore a weak breakout and trading range price action. Consequently, it lowers the probability of a […]
Trump rally probably has evolved into bear channel
Intraday market update: August 24, 2017
Trump rally probably has evolved into bear channel Updated 6:48 a.m. The day began with a doji at yesterday’s high. This increases the chances that today might continue yesterday’s trading range. In addition, since yesterday was a small day, there is an increased chance of an outside down day. Whether or not today goes sideways […]
Emini Labor Day rally in possible 5 percent correction
Intraday market update: August 23, 2017
Emini Labor Day rally in possible 5 percent correction Updated 6:40 a.m. Today opened with a doji bar in the middle of yesterday’s range. This increases the odds that today will be a trading range day that will stay mostly or entirely within yesterday’s range. Yesterday’s big move up and today’s big gap down creates […]
Emini weak bull flag in correction to 2350
Intraday market update: August 22, 2017
Emini weak bull flag in correction to 2350 Updated 6:42 a.m. The Emini gapped above yesterday’s high and began with 2 big bull bars closing on their highs. This is a trend from the open bull trend and there is at least a 60% chance that we have seen the low of the day. The […]