Market believes Comey testimony about Trump and Russia is irrelevant Updated 7:01 a.m. The Emini broke to a new all-time high on the open. At the moment, the Emini is Always In Long and in a trend from the open bull trend. Yet, the bull bars are not especially big. In addition, there are tails, […]
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Market believes Comey testimony about Trump and Russia is irrelevant
Emini awaiting Comey’s testimony on Trump and Russia
Intraday market update: June 8, 2017
Emini awaiting Comey’s testimony on Trump and Russia Updated 6:57 a.m. The Emini opened in yesterday’s tight trading range, and rallied from an Opening Reversal pullback to the moving average. By trading above yesterday’s high, it triggered a buy signal on the daily chart. Yet, the Emini is in a 3 day tight trading range. […]
Buy climax before Comey’s Russia and Trump hearing
Intraday market update: June7, 2017
Buy climax before Comey’s Russia and Trump hearing Updated 6:49 a.m. The Emini opened in the middle of yesterday’s trading range at the 60 minute moving average. Furthermore, yesterday was a weak buy signal bar on the daily chart. Therefore, if today rallies above yesterday’s high, the breakout probably will not lead to a strong […]
Emini buy climax as AMZN and GOOGL exceed 1,000
Intraday market update: June 6, 2017
Emini buy climax as AMZN and GOOGL exceed 1,000 Updated 6:51 a.m. Since the Emini gapped below yesterday’s low, it triggered the sell signal on the daily chart. Yet, unless the bears get consecutive big bear bars, the odds are against a swing down on the daily chart. There are more likely buyers below and […]
Growing Emini buy climax, but no trend reversal yet
Emini weekend update: May 27, 2017
Monthly S&P500 Emini futures candlestick chart:Breakout above bull flag The monthly S&P500 Emini futures candlestick chart has 2 trading days left in May. May is a bull entry bar after last month’s High 1 bull flag. Yet, it is around a measured move up from the 2014 – 2015 trading range. Furthermore, it had a […]
Profit taking around Amazon and Alphabet Google 1,000 Big Round Number
Intraday market update: May 26, 2017
Profit taking around Amazon and Alphabet Google 1,000 Big Round Number Updated 6:47 a.m. The Emini had many small dojis in a tight range for the final 3 hours yesterday. Today began with a doji and a tight trading range near the low of yesterday’s range. Because yesterday had a bull breakout above a 3 […]
Amazon and Google testing 1,000, lifting stock market
Intraday market update: May 25, 2017
Amazon and Google testing 1,000, lifting stock market Updated 6:54 a.m. The Emini gapped up to a new all-time high and above 2400 and the 2 month trading range. Yet, the 1st bar was a bear bar and the next was a doji. Furthermore, most days for the past week have had lots of reversals. […]
Market ignoring London terror attack and Trump’s Russia Probe
Intraday market update: May 24, 2017
Market ignoring London terror attack and Trump’s Russia Probe Update 6:49 a.m. The day opened above yesterday’s high and 2400, and reversed down from a 3 hour expanding triangle top. The 1st 2 bars were bear bars and therefore the Emini is Always In Short. Yet, the bodies were small and both had prominent tails. […]
Trump’s Mideast trip will not prevent 100 point correction
Intraday market update: May 23, 2017
Trump’s Mideast trip will not prevent 100 point correction Updated 6:54 a.m. Today opened above yesterday’s high. Furthermore, the week will likely begin to test down today or tomorrow. In addition yesterday had a small range. Finally, the magnet of the 60 minute moving average is around yesterday’s low. These factors increase the chance of […]
Possible island bottom after Trump’s island top
Intraday market update: May 22, 2017
Possible island bottom after Trump’s island top Updated 6:50 a.m. The Emini broke above yesterday’s high with 3 bull bars on the open. Yet, the odds favor an inside week with a lot of trading range price action. This reduces the chances of a strong trend day up or down. The Emini is Always In […]