Emini buy vacuum test of July high and all-time high I will update again at the end of the day. Pre-Open market analysis Yesterday was the 3rd consecutive strong bull trend day. It broke above last week’s high and the July high. However, the 5 minute chart has been in a tight bull channel for […]

Emini follow-through buying after consecutive outside day I will update again at the end of the day. Thursday was an outside up day after an outside down day on Wednesday. It was therefore a buy signal bar. Friday was the entry bar on the daily chart, and it provided reasonable follow-through buying. This increases the […]

Emini buyers below last week’s sell signal bar I will update again at the end of the day. Pre-Open market analysis I have been saying for the past week that the bears would get a 50 – 100 point pullback over the next couple of weeks, and then the Emini would resume up to a […]

Emini 2nd leg down in early August after buy climax I will update again at the end of the day. Pre-Open market analysis The Emini sold off strongly yesterday and formed an outside down day prior to the 11 a.m. FOMC announcement. However, it closed above the low and the daily chart had a tail […]

Emini 50% retracement of 2 day selloff ahead of FOMC I will update again at the end of the day. Pre-Open market analysis Yesterday retraced about half of the 2 day selloff. The odds were that the Emini would bounce at the 20 day EMA and try to get more neutral ahead of today’s FOMC […]

Emini follow-through selling in sell climax down to 2800 I will update again at the end of the day. Pre-Open market analysis The bears got follow-through selling yesterday. However, the bulls rallied off the 20 day EMA, the 2800 Big Round Number, and the March high. After 2 days of climactic selling down to support, […]

Emini minor reversal down to below 2800 and the March high I will update again at the end of the day. Pre-Open market analysis The Emini sold off from above the 2 week bull channel on the 60 minute chart to below the bottom of the channel on Friday. The selling was strong enough to […]

Emini pullback from Wednesday’s bull breakout I will update again at the end of the day. Pre-Open market analysis The Emini formed a small inside bull day yesterday after Wednesday’s late, strong rally. Yesterday is therefore a Breakout Mode bar on the daily chart. The bulls see it as a 1 day bull flag. However, […]

Emini breakout but 50 point pullback likely within 2 weeks I will update again at the end of the day. Pre-Open market analysis The Emini rallied yesterday in a small pullback bull trend. It continued its breakout above the March high. There was an unusually strong late bull breakout. While the bulls want a measured […]

Emini breakout above the March high and 2800 might fail I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday, but then sold off and closed the gap. Because yesterday closed below the open, the bar on the daily chart had a bear body. It is a […]