Posted 7:01 a.m. The day began with a gap below yesterday’s close and 4 consecutive bear trend bars. However, the tails were prominent and there was a lot of overlap, and limit order bulls were able to make money twice in the 1st 5 bars. This increases the chances that this is a bear leg […]

Posted 7:07 a.m. The Emini opened with a gap down, and it formed a 3 day expanding triangle bull flag at the 60 minute moving average. It had a 2nd entry buy signal and a big bull entry bar closing on its high. The day is Always In Long, and there is currently a 50% […]

Posted 7:02 a.m. The Emini rallied for the 1st 3 bars and then had 2 big dojis. This is disappointing price action, and it increases the chances of a trading range day, like Friday. Today might trade both above and below Friday. If this opening rally continues, it will probably be a bull leg in […]

Posted 7:00 a.m. The Emini broke above yesterday’s 2 hour trading range, but a trading range late in a bull trend, especially one with a lot of bear bodies, is usually the final bull flag. This means that today will probably trade back into that range and go sideways again at the price. The odds […]

Posted 6:54 a.m. The early selloff made it likely that the 2 hours of sideways to down trading that I was expecting has already begun and that today will not have early follow-through buying. The odds favor a trading range that lasts at least a couple of hours. Since it probably began yesterday with the […]

Posted 7:03 a.m. The Emini rallied from an expanding triangle bull flag on the open, and formed a trend from the open bull trend. Expanding triangle bull flags are usually followed by an attempt at an expanding triangle top. Also, an open with a couple of buy climaxes often forms a parabolic wedge top and […]

Posted 6:52 a.m. The Emini gapped down and triggered the Low 5 sell signal on the daily chart. It reversed up after closing the gap above Thursday’s high and the test below the 60 minute moving average. The initial reversal up was not strong. The 1st 2 bars were not big and they had prominent […]

Posted 7:15 a.m. Yesterday was in a bull channel, but it contained mostly small overlapping dojis, which means that it was probably going to be a bull leg in a trading range. Today broke below the bull channel on the open, but the small bars continued on the open. This increases the chances that today […]

Posted 6:54 a.m. Although today gapped above last yesterday’s high and traded above last week’s high, it opened with a tight trading range and small bars. This makes it likely to have limited upside. Any reversal down would trigger an expanding triangle top and a failed breakout above last week’s high, but the bears will […]

Posted 7:02 a.m. The Emini broke above yesterday’s high, triggering the High 1 buy setup on the daily chart, but because the 5 day rally was climactic, the Emini might need to pull back and form a High 2 buy setup before it can have its 3 – 5 day rally. The 1st 4 bars […]