Emini bull flag at daily chart exponential moving average updated 6:45 a.m. The day opened with trading range price action at the top of yesterday’s weak bull channel. The bears want this to be a test of yesterday’s high and an early high of the day. Yet, the early dojis make a limit order open […]
Emini bull flag at daily chart exponential moving average
Dow 20,000 Trump rally, then 5% stock market correction
Intraday market update: January 23, 2017
Dow 20,000 Trump rally, then 5% stock market correction Updated 6:51 a.m. The Emini began with a limit order open within Friday’s 4 hour range. This increases the chances of a lot of trading range trading today. Yet the 4 hour range is tight. The odds are that there will be a breakout and measured […]
Trump rally above Dow 20,000 big round number
Intraday market update: January 20, 2017
Trump rally above Dow 20,000 big round number Updated 6:50 a.m. The Emini gapped up and formed 2 good bull bars. It was therefore Always In Long on the open. Yet, it is at the top of the 3 week tight trading range. This is therefore a test. The bulls want an early low of […]
Dow 20,000 buy climax at resistance
Intraday market update: January 19, 2017
Dow 20,000 buy climax at resistance Updated 6:54 a.m. The Emini reversed down from above yesterday’s high. Yet, both yesterday’s rally and today’s reversal were weak. This is still trading range price action, and it increases the odds of more throughout the day. Because yesterday was a small day, the 5 minute Emini chart is […]
Dow 20,000 Trump rally buy climax?
Intraday market update: January 18, 2017
Dow 20,000 Trump rally buy climax? Updated 6:47 a.m. The Emini began with a selloff from near yesterday’s high and then a rally from above yesterday’s low. Furthermore, it is also in the middle of a 5 week trading range. In addition, Friday was a Big Down, Big Up day. Hence, this is a trading […]
Intraday market update: January 12, 2017
Updated 7:00 a.m. The Emini gapped below yesterday’s tight bull channel. Yet, the odds are that the early selling will lead to a trading range after yesterday’s channel. Furthermore, the Emini has been in a tight range for the past 7 days. In addition, that range is within a 2 week trading range. Hence the […]
Dow 20,000 double top major trend reversal
Intraday market update: January 11, 2017
Dow 20,000 double top major trend reversal Updated 7:08 a.m. The Emini reversed up from a breakout below yesterday; late major low. While the rally failed to break above the late lower high, it was strong enough for traders to see the market as Always In Long. Hence, the odds are greater that there are […]
President Trump and January effect stock market rally
Intraday market update: January 9, 2017
President Trump and January effect stock market rally Updated 6:49 a.m. While the Emini gapped down and had a bear bar, the 1st 2 bars had tails below. In addition, they were at the bull trend line and the 60 minute moving average. Furthermore, the selloff at the end of Friday was weak. Finally, limit […]
Trump rally stalling at Dow 20,000
Intraday market update: January 6, 2017
Trump rally stalling at Dow 20,000 Updated 6:51 a.m. The Emini reversed down from above yesterday’s high on the open. Yet, it then reversed up from the 60 minute moving average. The bars are big and limit order bulls and bears made money. In addition, it is in the trading range of 2 days ago. […]
Dow 20,000 big round number within reach
Intraday market update: January 5, 2017
Dow 20,000 big round number within reach Updated 6:52 a.m. The Emini opened in yesterday’s tight trading range. Furthermore,it failed to get consecutive strong trend bars on the open. Finally, it failed to break strongly above the top of the 4 week tight trading range. Hence, the odds favor a lot of trading range price […]
