Emini sell climax after buy climax creates confusion, which typically results in a trading range I will update again at the end of the day. Pre-Open market analysis Tuesday was a huge bear day after a buy climax in late November. Big Up, Big Down creates Big Confusion. Traders buy low, sell high, and take […]
Emini sell climax after buy climax creates confusion
Emini testing 2800 Big Round Number and November high
Intraday market update: Tuesday December 4, 2018
Emini testing 2800 Big Round Number and November high I will update again at the end of the day. Pre-Open market analysis Yesterday had a bear body, despite the huge gap up. I wrote on Friday that this was likely because a 6th bull day would be unusual. The bears want a lower high compared […]
Emini end of the year triangle and breakout mode
Intraday market update: Monday December 3, 2018
Emini end of the year triangle and breakout mode I will update again at the end of the day. Pre-Open market analysis Friday was the 5th consecutive bull trend day after a higher low major trend reversal. The chart pattern was also a head and shoulders bottom. While the reversal is strong, it is now […]
Emini Christmas rally within yearlong trading range
Weekend market update: December 1, 2018
Monthly S&P500 Emini futures candlestick chart:1st pullback to 20 month EMA in more than 20 months The monthly S&P500 Emini futures candlestick chart pulled back to the 20 month EMA in October. November had a bull body and it is a buy signal bar for December. However, since it is only a small bull doji […]
Emini bulls want November buy signal bar on monthly chart
Intraday market update: Thursday November 29, 2018
Emini bulls want November buy signal bar on monthly chart I will update again at the end of the day. Pre-Open market analysis The Emini had a strong bull breakout in the middle of the day yesterday. It was big enough to have follow-through buying over the next week. This is true even if there […]
Emini 3 day island bottom might become 5 day island bottom
Intraday market update: Wednesday November 28, 2018
Emini 3 day island bottom might become 5 day island bottom I will update again at the end of the day. Pre-Open market analysis Yesterday was a broad bull channel day and it closed on its high. Also, if tomorrow gaps up, there will be a 5 day island bottom in addition to the current […]
Emini 3 day island bottom but weak trend reversal up
Intraday market update: Tuesday November 27, 2018
Emini 3 day island bottom but weak trend reversal up I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday. Since it gapped down 3 days earlier, the gap up created a 3 day island bottom. In addition, it gapped down on Friday. It therefore has a […]
Emini bear flag but higher low and possible triangle
Intraday market update: Monday November 26, 2018
Emini bear flag but higher low and possible triangle I will update again at the end of the day. Pre-Open market analysis The Emini reversed up slightly on Friday at the end of a strong down week. The bulls hope that last Tuesday and Thursday formed a successful micro double bottom, and that the Emini […]
Emini strong Christmas rally unlikely in 2018
Weekend Market Update: November 24, 2018
Market Overview The Emini has sold off over the past 2 weeks from a double top bear flag on the daily chart. It is now near the October 29 neck line of the double top. After falling a little more to support, it will probably reverse up for a few weeks from there or around […]
Emini adage says Thanksgiving belongs to the bears
Intraday market update: Wednesday November 21, 2018
Emini adage says Thanksgiving belongs to the bears I will update again at the end of the day. Pre-Open market analysis There is an old-timer’s stock market and therefore Emini adage that says Thanksgiving belongs to the bears and Christmas belongs to the bulls. I bring it up because it is part of stock market […]
