Emini reacts to government shutdown vote Updated 6:44 a.m. The Emini opened with a small double bottom bull flag. Since there is a 5 minute wedge top nested within a 60 minute wedge top, the odds are against a big bull trend day. In addition, Friday’s rally was weak. This adds to the likelihood that […]

Congress budget and government shutdown vote today is catalyst Updated 6:53 a.m. The Emini opened with a double top lower high major trend reversal. Yet, the bulls broke above the lower high. Since yesterday was a bear bar, it was a weak buy signal bar on the daily chart. Consequently, the odds are against a […]

Trump rally buy climax at 2800 before government shutdown vote Updated 6:48 a.m. Yesterday’s late selloff was likely the start of a trading range. The reversals up and down today increased the probability. After a buy climax, there is a 75% chance of a trading range lasting at least 2 hours. This means that the […]

Emini outside down reversal at 2800 Big Round Number Updated 6:48 a.m. The Emini gapped up to the middle of yesterday’s huge range. This makes an inside day and a trading range day likely. On the open, it reversed down from 2 legs up from yesterday’s low. The 2nd and 3rd bars were dojis. This […]

Emini blow-off top leading to test of year’s open Updated 6:43 a.m. The Emini began with a trend from the open bull trend. This is a possible low of the day. However, a Buy The Close rally on the open usually does not last all day. It typically either becomes a big trading range, or […]

Emini possible blow-off top preceding congressional budget vote Updated 6:47 a.m. Today gapped up and began with a big bull bar. However, the 2nd bar was a bear bar, which is bad follow-through. It therefore increases the chances of an early swing down to yesterday’s high or close. The bears need 2 – 3 bear […]

2018 January barometer indicates Trump rally continuing Updated 6:47 a.m. Friday ended with a buy climax. There is therefore only a 25% chance of a strong bull trend today. Yet, there is a 50% chance of some follow-through buying in the 1st 2 hours. The buy climax was a spike and channel bull trend. It […]

Emini nested parabolic wedge buy climaxes at measured move target Updated 6:48 a.m. The Emini gapped up and had 2 big bear bars. This reduces the chances of a bull trend day. It reversed up strongly on the 3rd bar, which reduces the chances of a big bear day. There was a big gap up, […]

Emini January effect Trump tax cut rally continuing Updated 6:45 a.m. The Emini opened with a big gap up and consecutive big bull bars. In addition, it broke above yesterday’s bull channel. The measured move up from yesterday’s wedge top and from yesterday’s opening gap up are both around 2724. This is an extreme buy […]

Trump rally contributing to January barometer Updated 6:44 a.m. The Emini had a small gap up and broke to a new all-time high. The 1st 2 bars were big bull bars closing near their highs. This makes either a bull trend day or a trading range day likely. If today is a trading range day, […]