Emini bull flag in buy climax after FOMC Fed rate hike Updated 6:56 a.m. The Emini gapped up on the open to within 4 points of the all-time high. Yet, it formed a small bear doji bar. This one bar is enough to increase the odds of a lot of trading range price action today. […]
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Emini bull flag in buy climax after FOMC Fed rate hike
Emini buy climax and FOMC fed interest rate hike
Intraday market update: June 16, 2017
Emini buy climax and FOMC fed interest rate hike Updated 6:43 a.m. Today sold off on the open from yesterday’s high. It did not go above and trigger the buy signal yet, but it might later today. Since yesterday’s spike and channel bull trend will likely evolve into a trading range today, the odds are […]
Emini buy climax more important than FOMC interest rate hike
Intraday market update: June 15, 2017
Emini buy climax more important than FOMC interest rate hike Updated 6:45 a.m. The Emini gapped down, but formed consecutive bull bars on the open. But, unless it rallies strongly above the moving average, the bears will try to form an opening reversal down. They often form a double top or a wedge top. At […]
FOMC Fed rate hike after parabolic wedge buy climax
Intraday market update: June 14, 2017
FOMC Fed rate hike after parabolic wedge buy climax Updated 6:52 a.m. The Emini gapped above yesterday’s high, but turned down from just below the all-time high. Because yesterday’s bull channel was tight, the bears need a series of strong bear bars to convince traders that they have begun a swing down. Despite the 2 […]
Emini waiting for Wednesday’s FOMC Fed interest rate hike
Intraday market update: June 13, 2017
Emini waiting for Wednesday’s FOMC Fed interest rate hike Updated 6:53 a.m. Today opened with a gap up and 3 bull bars. But, the daily chart has had 6 dojis. Furthermore, it has both a wedge top and a parabolic wedge top. The odds are against a strong bull trend day today, despite this early […]
Trump, Comey, and Russia are minor compared to buy climax
Intraday market update: June 12, 2017
Trump, Comey, and Russia are minor compared to buy climax Updated 6:53 a.m. The Emini tested the top of Friday’s reversal up, which was a 50% pullback of the selloff, and stalled. This was likely because Big Down, Big Up creates Big Confusion. It therefore usually leads to a trading range. Today’s early selloff found […]
Market believes Comey testimony about Trump and Russia is irrelevant
Intraday market update: June 9, 2017
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, […]
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 […]