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 […]
Increased volatility before FOMC announcement
Emini sell climax and failed bear breakout
Intraday market update: September 13, 2016
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 unlikely
Intraday market update: September 12, 2016
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 […]
September stock market crash is unlikely
Emini weekend update: September 10, 2016
Monthly S&P500 Emini futures candlestick chart:Failed bull breakout The monthly S&P500 Emini futures candlestick chart has a bear body. It will probably have a bear body when the month closes because the rally has been climactic. The monthly S&P500 Emini futures candlestick chart had 7 consecutive bull trend bars as of last month. That is […]
Emini daily double top and weekly bull flag
Intraday market update: September 9, 2016
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
Intraday market update: September 8, 2016
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
Intraday market update: September 7, 2016
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
Intraday market update: September 6, 2016
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 […]
September or October stock market correction
Emini weekend update: September 3, 2016
Monthly S&P500 Emini futures candlestick chart:September or October stock market correction The monthly S&P500 Emini futures candlestick chart had its 7th consecutive bull trend bar last month. Although today is early in the month, there is a 70% chance that September will close below its open. While the monthly S&P500 Emini candlestick chart in August […]
September unemployment jobs report breakout
Intraday market update: September 2, 2016
September unemployment jobs report breakout Updated 6:48 a.m. The Emini has sold off for 8 days and yesterday reversed up from the bottom of the month-long trading range. It also rallied on the unemployment report before the open today. While it gapped up on the open, it formed doji bars just below the August 29 […]