Emini test of wedge top before Trump tax reform vote Updated 6:44 a.m. The Emini gapped below Friday’s low, but the 1st 2 bars were bull bars. This is a small Big Down, Big Up pattern, and it makes an early trading range likely. The bulls want a failed breakout below yesterday’s low. If there […]

Emini bull reversal bar before Trump’s tax cut and budget votes Updated 6:44 a.m. While yesterday was a bull reversal day, it was in a 2 week trading range and therefore there is nothing to reverse. Today opened in the middle 3rd of yesterday’s range, which increases the chances of a lot of overlap. Overlap […]

Emini wedge top and buy climax at 2600 Big Round Number Updated 6:44 a.m. The Emini opened with a big gap down. The 1st 2 bars were big bars with big tails. The bull bodies make a Big Down, Big Up, Big Confusion pattern, which usually leads to a trading range. The tails are typical […]

Emini wedge top and Trump tax cuts and tax reform Updated 6:41 a.m. Today opened in yesterday’s 4 hour trading range, just above yesterday’s low. The odds are that today will test both yesterday’s low and high. It therefore will probably have both a leg down and up and form a trading range day. Since […]

Emini wedge top before Congress Trump’s tax reform vote Updated 6:49 a.m. The bulls got a breakout to another new high on the open and a Buy The Close open. They want a 4th consecutive bull day. While the Emini is Always In Long, it is at the top of a wedge on the daily […]

Emini wedge top before Thanksgiving tax reform vote Updated 6:52 a.m. The Emini tried to resume Friday’s rally on the open, but the rally so far today lacks consecutive big bull trend bars. It looks more like a continuation of Friday’s 2 hour trading range. This increases the odds of a lot of trading range […]

Emini buy climax awaiting Trump’s tax reform after FOMC Updated 6:52 a.m. Today opened at yesterday’s close in the middle of yesterday’s 4 hour range. The bears want a strong break below yesterday’s low to trigger a sell signal on the daily chart. The bulls want a major trend reversal up. However, the early tight […]

Emini awaiting November FOMC Fed interest rate decision Updated 6:48 a.m. The Emini had a big gap up to a new all -time high and the 1st 3 bars were bull bars. However, none had a big bull body, and that therefore reduces the chances of a trend from the open bull trend day. The […]

Emini ignoring Manafort indictment, awaiting FOMC interest rate announcement Updated 6:45 a.m. The Emini opened with a small bear bar just above yesterday’s 4 hour range. Until there is a strong breakout up or down, the odds favor a continuation of yesterday’s trading. Since today opened in the middle of yesterday’s range and yesterday was […]

Emini buy climaxes, awaiting FOMC and unemployment report Updated 6:46 a.m. The Emini opened at a 50% pullback from Friday’s rally and began with consecutive bull bars. This reduces the chance of a bear trend day. Furthermore, the 60 minute moving average is support below today’s open. The odds are that today will be either […]