Posted 6:57 a.m. Today began with reversals, big bars, prominent tails, which is trading range price action, and it took place between the 5 and 60 minute moving averages. This increases the chance of more trading range price action throughout the day. The bulls want a higher low major trend reversal. The bears want another […]

Posted 7:07 a.m. The Emini traded below yesterday’s low, creating the pullback on the daily chart. The odds are that it will be bought and be followed by a 1 – 3 day rally to above the March high, and then have a trading range. What we do not yet know is how far below […]

Posted 7:03 a.m. The Emini reversed up from the 60 minute moving average and rallied above Friday’s bear low, but the rally contained 3 dojis, and the buy signal bar was weak. This means that the rally was likely just a bear leg in a trading range. The selloff had a bull doji sell signal […]

Posted 7:02 a.m. The Emini reversed down on the open from the top of the 5 minute channel. Because the channel is tight, the odds favor a trading range before a bear trend, but since both the 60 minute and daily charts are in buy climaxes, there is a 70% chance of at least a […]

Posted 7:01 a.m. The Emini began with a trend from the open bear trend in an overbought market. The sell signal bar was the 1st bar of the day and it had a tail. There was a pair of bull bars early on. Yesterday had a lot of trading range price action. This open so […]

Posted 7:10 a.m. Trading range price action began with the 1st bar today. While it is still possible for the bulls to get follow-through buying at any point, there is a 75% chance of at least 2 hours of sideways to down trading beginning within the 1st 2 hours. The 2 or more hours of […]

Posted 6:57 a.m. The Emini opened with a big gap up, but went sideways in a limit order market. Unless the bears can get a strong reversal down, the odds are the any sideways to down move will form a higher low major trend reversal after yesterday’s lower low reversal. The bulls want a stop […]

Posted 7:03 a.m. The Emini found buyers below yesterday’s low, which was likely, but the bulls have not yet been able to get a strong bull breakout. The early trading is a continuation of Friday’s trading range price action, and it increases the chances of a lot of trading range price action today. While it […]

Posted 6:55 a.m. The Emini gapped up, but sold off on the open. Three of the 1st 4 bars were dojis. This is trading range price action, and it increased the chances for more trading range price action for the rest of the day. This is a trading range open. Online day traders want to […]

Posted 7:03 a.m. The Emini had a buy climax at the open that reversed down strongly from a wedge top. The 2 strong bear bars made the Emini Always In Short. Since yesterday’s bull channel was so tight, the odds are that the selloff will lead to a trading range rather than a bear trend. […]