Year end stock market rally forming bull flag Updated 6:52 a.m. On the open, the Emini broke above the 60 minute moving average and at the 3 day bear trend line. Because the Emini has tested the line many times and had been unable to selloff strongly, the odds favored a bull breakout. A bear […]

Fed interest rate hike causing stock market profit taking Updated 6:55 a.m. Today’s open continued the evolution into a big triangle. This is a trading range open. Because the triangle is so tall, it might last many more bars. The bulls see a higher low major trend reversal while the bears see a bear channel. […]

FOMC interest rake hike and Fed statement volatility Updated 6:58 a.m. While the Emini opened with a big bull bar and a follow-through bull bar, it was below the moving average and in yesterday’s tight trading range. Limit order bulls and bears made money in the first few bars. It was in a tight trading […]

Stock market pullback into Fed interest rate hike Updated 6:47 a.m. The Emini broke strongly to a new all-time high on the open. On the 60 minute chart, it has been above the moving average for 43 bars, which is a long time. It will probably get there by the end of tomorrow, before or […]

Trump stock market rally pausing before FOMC rate hike I will update around 6:59 a.m. The Emini rallied on the open and is Always In Long. Yet, the big bull bars had bad follow-through. In addition, the rally is a 3rd push up from Friday’s close. Furthermore, the Emini is in a buy climax on […]

Trump rally buy climax causing profit taking I will update around 6:46 a.m. Today’s open continued yesterday’s late, weak rally. Because yesterday had Gap Bars, the odds are that this early rally will lead to an attempt at a major trend reversal in the 1st hour or 2. Since there are 6 consecutive bull bars, […]

President Trump Christmas rally resumed yesterday Updated 6:52 a.m. While the Emini rallied for the 1st bars, all were dojis. In addition, the stairs pattern from the last 2 hours of yesterday continued. The pullback fell below the breakout point. Therefore, limit order bears are continuing to make money by scaling in above highs. This […]

Trump rally resumption might form double top Updated 6:50 a.m. Yesterday had a wedge top. The bulls then got a climactic breakout of that top. This created consecutive wedge tops. The 60 minute chart has nested wedges. Furthermore, this is at the top of an 11 day trading range. This increases the chances of sideways […]

Emini trading range before FOMC Fed interest rate hike Updated 7:00 a.m. While the Emini sold off on the open and is Always In Short, the bulls bought after 4 bars. This is more likely a bear leg in a trading range than the start of a strong bear trend day. The 60 minute moving […]

Trump rally pausing before Fed interest rate announcement Updated 6:55 a.m. While the Emini gapped above Friday’s high, which is the neck line of the 2 day double bottom, it failed to create bull bars on the 1st 2 bars. That lowered the probability of a trend from the open bull trend. The context is […]