Trading range before Wednesday’s September FOMC announcement Updated 6:55 a.m. While the Emini gapped above Friday’s high and began with consecutive bull bars, limit order bears made money. This therefore reduces the chances of a strong bull trend day. The Emini is Always In Long, yet the rally has not been strong. While it might […]

Stock market rally before Fed’s FOMC interest rate announcement Updated 6:52 a.m. The Emini gapped below the 60 minute moving average to around a 50% pullback of yesterday’s rally. This is therefore consistent with what I said yesterday about yesterday’s rally probably being a bull leg in a 5 day bear flag. The bulls want […]

Breakout mode candlestick pattern Updated 6:49 a.m. The Emini opened within the trading range at the end of yesterday. Since yesterday was a Spike and Channel bear trend, the odds favor a rally above the lower highs, and possibly to the 2130 top of the bear channel. That is also at the 60 minute moving […]

Increased volatility before FOMC announcement Updated 6:55 a.m. The Emini reversed up yesterday from a Higher Low Major Trend Reversal. Yet, it was in a trading range for 5 hours. While the Emini continued Always In Long from yesterday, day traders are waiting for a breakout. Because yesterday was an inside day and today is […]

Emini sell climax and failed bear breakout Updated 6:44 a.m. The Emini opened with a big gap down in the middle of yesterday’s range. Because of the confusion, from yesterday, today will probably be a trading range day. Since yesterday was a big day and the Emini is in its middle, today will probably be […]

September stock market crash Updated 6:43 a.m. The Emini gapped below yesterday’s low, yet reversed up sharply. The odds are that the 2 hours of sideways to up trading has begun. While there is always a 50% chance of follow-through selling in the 1st 2 hours after a sell climax day, this reversal up was […]

Emini daily double top and weekly bull flag Updated 6:55 a.m. The Emini opened with a big gap down and a pair of bear bars. Because the open is so far below the average price, many bears will wait to sell a rally or trading range that is closer to the moving average. While the […]

Emini weekly bull flag candlestick pattern Posted 7:01 a.m. Like most days in the 2 month trading range, today had a limit order, trading range open. Both bulls and bears made money with limit orders in the first 5 bars. This reduces the chances of a strong trend day today up or down. Yesterday was […]

Emini weekly bull flag below all-time high Updated 6:55 a.m. The Emini opened with a sideways series of bars that had prominent tails and small bodies. While it is Always In Long from yesterday, this is trading range price action. It therefore increases the chances of a lot more of it today. This is especially […]

September Emini 100 point correction Updated 6:55 a.m. The Emini gapped above Friday’s bull flag, but formed a tight trading range. This increased the chances for a lot of trading range price action today and reduced the chances for a strong trend up or down. Because the all-time high is only 10 points higher, the […]