Emini weak sell signal testing October sell climax low I will update again at the end of the day. Pre-Open market analysis By falling below Friday’s low, the Emini triggered a sell signal on the daily chart. But, Thursday and Friday were big bull days. Therefore, Friday is a low probability sell signal bar. Consequently, […]
Emini weak sell signal testing October sell climax low
Emini head and shoulders bottom but bear micro channel
Intraday market update: Monday November 19, 2018
Emini head and shoulders bottom but bear micro channel I will update again at the end of the day. Pre-Open market analysis By going above Thursday’s high, Friday triggered a buy signal on the daily chart. However, there is a 7 bar bear micro channel and Friday was the 1st pullback. Typically, the rally will […]
Emini indecision with double top and head and shoulders bottom
Emini weekend update: November 17, 2018
Market Overview: The stock market is in the middle of a 2 month trading range. That range is in the middle of a yearlong trading range. While the bulls are hoping for a yearend rally to a new all-time high, the October selloff was strong. The range will probably continue for at least a few […]
Emini buy signal bar for November head and shoulders bottom
Intraday market update: Friday November 16, 2018
Emini buy signal bar for November head and shoulders bottom I will update again at the end of the day. Pre-Open market analysis As I said before yesterday’s open, yesterday was likely to form an early low of the day. The day closed on its high and it is a buy signal bar for a […]
Emini bad sell signal bar on weekly chart
Intraday market update: Thursday November 15, 2018
Emini bad sell signal bar on weekly chart I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above Monday’s bear channel on the open, but sold off in a bear trend from the open. After closing a gap on the daily chart and reversing up from below […]
Emini selloff testing 2017 close and October 11 low
Intraday market update: Wednesday November 14, 2018
Emini selloff testing 2017 close and October 11 low I will update again at the end of the day. Pre-Open market analysis Since late October, I have been saying that the Emini would test the October 17 major lower high and stall. In addition, I mentioned that it might pull back 50% to the October […]
Emini strong late October reversal after parabolic wedge sell climax
Emini weekend update: November 10, 2018
Market Overview for the week of November 12, 2018 Stock Market: Strong rally to middle of yearlong trading range The Emini monthly chart is in a bull trend, but the February and October selloffs were unusually strong. Furthermore, they followed the most extreme buy climax in the 100 year history of the stock market. Therefore, […]
Emini inside bar after buy climax at October lower high
Intraday market update: Friday November 9, 2018
Emini inside bar after buy climax at October lower high I will update again at the end of the day. Pre-Open market analysis After a big bull day on Wednesday, yesterday was a small, bull inside doji day. It is therefore a buy signal bar on the daily chart. Because the rally was strong and […]
Emini rally from October parabolic wedge sell climax approaching resistance
Intraday market update: Thursday November 8, 2018
Emini rally from October parabolic wedge sell climax approaching resistance I will update again at the end of the day. Pre-Open market analysis Two weeks ago, I said that the October extreme sell climax would probably lead to a test of the October 17 major lower high. Yesterday came within 3 points and the bulls […]
Emini reaction to election more important than election result
Intraday market update: Wednesday November 7, 2018
Emini reaction to election more important than election result I will update again at the end of the day. Pre-Open market analysis The Emini triggered a buy signal on the daily and weekly charts yesterday. The odds are that the October low will be the low for the rest of the year. Yesterday’s rally and […]
