Emini sell climax after buy climax creates confusion, which typically results in a trading range I will update again at the end of the day. Pre-Open market analysis Tuesday was a huge bear day after a buy climax in late November. Big Up, Big Down creates Big Confusion. Traders buy low, sell high, and take […]

Emini testing 2800 Big Round Number and November high I will update again at the end of the day. Pre-Open market analysis Yesterday had a bear body, despite the huge gap up. I wrote on Friday that this was likely because a 6th bull day would be unusual. The bears want a lower high compared […]

Emini end of the year triangle and breakout mode I will update again at the end of the day. Pre-Open market analysis Friday was the 5th consecutive bull trend day after a higher low major trend reversal. The chart pattern was also a head and shoulders bottom. While the reversal is strong, it is now […]

Emini bulls want November buy signal bar on monthly chart I will update again at the end of the day. Pre-Open market analysis The Emini had a strong bull breakout in the middle of the day yesterday. It was big enough to have follow-through buying over the next week. This is true even if there […]

Emini 3 day island bottom might become 5 day island bottom I will update again at the end of the day. Pre-Open market analysis Yesterday was a broad bull channel day and it closed on its high. Also, if tomorrow gaps up, there will be a 5 day island bottom in addition to the current […]

Emini 3 day island bottom but weak trend reversal up I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday. Since it gapped down 3 days earlier, the gap up created a 3 day island bottom. In addition, it gapped down on Friday. It therefore has a […]

Emini bear flag but higher low and possible triangle I will update again at the end of the day. Pre-Open market analysis The Emini reversed up slightly on Friday at the end of a strong down week. The bulls hope that last Tuesday and Thursday formed a successful micro double bottom, and that the Emini […]

Emini adage says Thanksgiving belongs to the bears I will update again at the end of the day. Pre-Open market analysis There is an old-timer’s stock market and therefore Emini adage that says Thanksgiving belongs to the bears and Christmas belongs to the bulls. I bring it up because it is part of stock market […]

Emini weak sell signal testing October sell climax low I will update again at the end of the day. Pre-Open market analysis By falling below Friday’s low, the Emini triggered a sell signal on the daily chart. But, Thursday and Friday were big bull days. Therefore, Friday is a low probability sell signal bar. Consequently, […]

Emini head and shoulders bottom but bear micro channel I will update again at the end of the day. Pre-Open market analysis By going above Thursday’s high, Friday triggered a buy signal on the daily chart. However, there is a 7 bar bear micro channel and Friday was the 1st pullback. Typically, the rally will […]