Monthly S&P500 Emini futures candlestick chart:Bear inside bar, but minor reversal down The monthly S&P500 Emini futures candlestick chart on the right has a bear inside bar so far this month. Since the bull trend is strong, the selloff will more likely form a bull flag than a bear trend. However, compare it to the […]
Trump’s China tariffs causing Emini selloff to test February low
Trump’s trade war with China creating test of March low
Intraday market update: March 23, 2018
Trump’s trade war with China creating test of March low Updated 6:45 a.m. The Emini reversed down from a Low 2 bear flag at the EMA on the open. The first leg up was in yesterday’s small, late trading range. However, the 1st bar broke above yesterday’s bear channel. It was big enough to weaken […]
Emini trend resumption down to March 2 low around 2650
Intraday market update: March 22, 2018
Emini trend resumption down to March 2 low around 2650 Updated 6:45 a.m. Today opened with a big gap down and a bear bar. However, the low was a Leg 1 = Leg 2 measured move from Monday’s selloff. In addition, it was a measured move down from yesterday’s range. Finally, it was a test […]
March FOMC today is major Emini catalyst
Intraday market update: March 21, 2018
March FOMC today is major Emini catalyst Updated 6:43 a.m. The Emini opened in the middle of yesterday’s trading range. This is a continuation of the range. The bulls created a reversal on the 2nd bar, which was a High 2 bull flag. However, the bar was a big doji, which is more of a […]
Emini island top and weekly sell signal before FOMC
Intraday market update: March 20, 2018
Emini island top and weekly sell signal before FOMC Updated 6:45 a.m. The Emini opened with a continuation of yesterday’s strong rally, but had a bear bar on the 2nd bar. The rally is a parabolic wedge, While the Emini is Always In Long, this is a buy climax. Therefore, many bulls will wait for […]
Emini in breakout mode awaiting March FOMC announcement
Intraday market update: March 19, 2018
Emini in breakout mode awaiting March FOMC announcement Updated 6:45 a.m. By gapping below Friday’s low, the Emini triggered a sell signal on the weekly chart. The bulls tried for a reversal on the 2nd bar, but it had a tail. While the Emini is Always In Short, the bulls will try for an early […]
Emini double top pullback after tariff threats and Congressional defeat
Emini weekend update: March 17, 2018
Monthly S&P500 Emini futures candlestick chart: Inside bar after sharp pullback The March bar on the monthly S&P500 Emini futures candlestick chart has a high below the February high and a low above the February low. It is therefore so far a small inside bar. The monthly S&P500 Emini futures candlestick chart has an inside […]
Emini weekly sell signal bar before Wednesday’s FOMC announcement
Intraday market update: March 16, 2018
Emini weekly sell signal bar before Wednesday’s FOMC announcement Updated 6:47 a.m. The Emini opened with consecutive bull bars breaking above yesterday’s 2 hour bull channel. Yet, both had tails and stalled at the 60 minute EMA. At the moment, the Emini is Always in Long, but the bulls need a strong breakout above the […]
Trump’s tariffs and congressional loss creating double top
Intraday market update: March 15, 2018
Trump’s tariffs and congressional loss creating double top Updated 6:43 a.m. Today opened within yesterday’s 4 hour trading range. The bulls will try to form a higher low and an early reversal up from above yesterday’s low. They want the early selling to be a pullback after yesterday’s expanding triangle bottom. They need a convincing […]
Emini double top and outside down sell signal bar
Intraday market update: March 14, 2018
Emini double top and outside down sell signal bar Updated 6:42 a.m. The day began with a gap up above the 60 minute moving average, far above yesterday’s low. This greatly reduces the chances of a big selloff far below yesterday’s low. It therefore makes a trading range day or a bull reversal day likely. […]