Price action favors stock market October selloff Updated 6:52 a.m. While the Emini opened just below yesterday’s low, which is support, the 1st 2 bars had bear bodies, which is not much buying at support. Yet, both had big tails below, which means the bears were not especially strong either. As a result of this […]

S&P500 Emini outside down day Updated 6:53 a.m. The Emini gapped above the 60 minute moving average after yesterday’s double bottom higher low major trend reversal. Yet, it formed an early tight trading range, and it is above yesterday’s midpoint. This increases the chances of an early selloff. Since yesterday was a big day and […]

October correction but not stock market crash Updated 6:49 a.m. Today begin with a limit order market within the trading range at the end of yesterday. Furthermore, it opened at the open of the month. Since that is a magnet, the Emini will have a difficult time getting too far. As a result, this will […]

Post presidential debate stock market rally Updated 6:48 a.m. While the Emini gapped up and created another island bottom, the gap was small, yesterday’s tight trading range is a magnet, and the 1st bars were dojis. Hence, the odds are against a strong trend day today. Instead, today will probably have a lot of trading […]

Post debate stock market breakout Updated 6:45 a.m. The Emini reversed up sharply from a bear breakout below a bear channel and from below yesterday’s low. It is back at the August 2 trading range low and the apex of the 5 day triangle. This is a sharp opening reversal at support. There is a […]

Island bottom and possible island top below all time high Updated 6:53 a.m. The Emini gapped down and formed a 2 day island top after last week’s lower high major trend reversal. While the 1st 2 bars had good bear bodies and today could become a trend from the open bear trend, it is more […]

FOMC rally created island bottom Updated 6:59 a.m. The Emini sold off below yesterday’s low on the open. Yet the bears were unable to create big bear bars. The bulls want the selloff to reverse up from the test into yesterday’s gap and of the open of the month. Because yesterday was a small day, […]

FOMC report created failed bear flag I will update around 6:50 a.m. The Emini had a big gap up after yesterday’s buy climax. While it still might rally for about 10 bars in the 1st 2 hours, the odds are that by the end of the 2nd hour, it will have at least a couple […]

Market breakout after September FOMC interest rate hike announcement Updated 6:49 a.m. While the Emini gapped up and began with 2 bull bars, both had tails on top. The Emini is Always In Long, but at resistance. Neither bar was big, and they could not break above yesterday’s high or the daily moving average. Whenever […]

September FOMC fed interest rate hike stock market breakout Updated 6:52 a.m. The Emini gapped up and sold off on the open. Yet, there was a bull body after the 1st big bear bar. This therefore is a sign that the bears lack conviction. Hence, it increases the chances that the selloff is a bear […]