Trump’s White House shakeup is catalyst for correction Updated 6:45 a.m. The Emini opened around the open of the week, which will probably be a magnet all day. This is especially true in the final hour. Yesterday’s reversal creates confusion and makes traders cautious. They prefer to buy low, sell high, and take quick profits. […]
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Trump’s White House shakeup is catalyst for correction
Emini buy climax continuing higher and is ignoring Trump
Intraday market update: July 27, 2017
Emini buy climax continuing higher and is ignoring Trump Updated 6:44 a.m. The Emini gapped above yesterday’s high and immediately sold off again. Many days lately have had early selloffs. Yet, most reversed back up later in the day. Furthermore, the weak follow-through selling today increases the chances of another trading range open. In addition, […]
Emini catalysts are FOMC report, healthcare repeal, Mueller, and Sessions
Intraday market update: July 26, 2017
Emini catalysts are FOMC report, healthcare repeal, Mueller, and Sessions Updated 6:53 a.m. Since yesterday was a small trading range day, there is an increased chance that it could lead to a measured move up or down today. However, the Emini has early trading range price action. It reversed down from a test of yesterday’s […]
Emini awaiting FOMC and Trump’s special counsel decision
Intraday market update: July 25, 2017
Emini awaiting FOMC and Trump’s special counsel decision Updated 6:45 a.m. Today had a big gap up, but the day began with consecutive strong bear bars. If there is going to be a trend day, a bear trend is now more likely. While the Emini is Always in short, the odds are that it will […]
Emini sideways waiting for FOMC meeting
Intraday market update: July 24, 2017
Emini sideways waiting for FOMC meeting Updated 6:54 a.m. Today opened with a doji bar in yesterday’s 4 hour tight trading range. This increased the chances that today will be another trading range day, like the past 2 days. While the bears got 2 strong bear bars on the open, the next bar was a […]
Trump firing special prosecutor is possible catalyst for climactic reversal
Emini weekend update: July 22, 2017
Monthly S&P500 Emini futures candlestick chart:Parabolic wedge buy climax The monthly S&P500 Emini futures candlestick chart has 4 consecutive bull trend bars in a tight 18 month bull channel. Yet, this is the 3rd leg up. Therefore, this is a parabolic wedge rally. However, there is no reversal yet. The monthly S&P500 Emini futures candlestick […]
Emini buy climax ignoring Trump, Russia, and healthcare
Intraday market update: July 21, 2017
Emini buy climax ignoring Trump, Russia, and healthcare Updated 6:48 a.m. The Emini broke below yesterday’s low. This therefore triggered the sell signal on the daily chart for the parabolic wedge top. Yet, the bears only got 2 dojis on the open. Hence, they were not strong. This reduces the chances of a strong bear […]
Trump rally testing bull channel top and measured move targets
Intraday market update: July 20, 2017
Trump rally testing bull channel top and measured move targets Updated 6:48 a.m. The Emini gapped above yesterday’s bull channel, but began with 2 bear bars. Since 75% of bull breakouts above bull channels fail, this one probably will as well. However, the initial target is the bottom of the channel. Since the channel is […]
Emini buy climax is ignoring Trump’s failed healthcare repeal
Intraday market update: July 19, 2017
Emini buy climax is ignoring Trump’s failed healthcare repeal Updated 6:46 a.m. While today began with consecutive bull bars, they were not strong. In addition, this is similar to the open on the past 5 days. Consequently, today will probably behave like those days. Although the Emini began Always In Long, it will probably soon […]
Trump buy climax rally is near 2500 S&P resistance
Intraday market update: July 18, 2017
Trump buy climax rally is near 2500 S&P resistance Updated 6:46 a.m. The Emini gapped down, but reversed up at the 60 minute moving average. The bulls see this as a High 2 pullback from Friday’s rally. Additionally, it is an Opening Reversal up from the 60 minute moving average. Their 1st goal is to […]