Emini bull flag but limited upside without pullback I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of the month. Last month was a small bull doji bar on the monthly chart and therefore not a good sell signal bar. This is especially true due to […]
Emini bull flag but limited upside without pullback
Emini September high might be minor exhaustive buy climax
Emini weekend update: September 29, 2018
Monthly S&P500 Emini futures candlestick chart:6 month rally to new all-time high The September candlestick on the monthly S&P500 Emini futures candlestick chart is a bull doji. It is the 6th bar in a bull micro channel. But, because it is smaller, it is a sign that the bulls are losing momentum. The monthly S&P500 […]
Emini forming weekly inside bar for Breakout Mode setup
Intraday market update: Friday September 28, 2018
Emini forming weekly inside bar for Breakout Mode setup I will update again at the end of the day. Pre-Open market analysis After Wednesday formed a big outside down day, yesterday formed a bull inside day. The ioi on the daily chart is a Breakout Mode pattern. Because yesterday had a bull body, it is […]
Emini outside down day after September FOMC announcement
Intraday market update: Thursday September 27, 2018
Emini outside down day after September FOMC announcement I will update again at the end of the day. Pre-Open market analysis The Emini rallied briefly after the FOMC report but sold off from above Tuesday’s high to below Tuesday’s low. Yesterday was therefore an outside down day. The odds are that last Friday began a […]
Emini island top and bull flag going into FOMC announcement
Intraday market update: Wednesday September 26, 2018
Emini island top and bull flag going into FOMC announcement I will update again at the end of the day. Pre-Open market analysis Yesterday sold off from the open after failing to close the gap below Friday’s low. But, it reversed up twice at the end of the day and held around Monday’s low. This […]
Emini weak selling after 2 day island top ahead of FOMC
Intraday market update: Tuesday September 25, 2018
Emini weak selling after 2 day island top ahead of FOMC I will update again at the end of the day. Pre-Open market analysis The Emini gapped down yesterday and formed a 2 day island top. However, yesterday was not a strong bear trend day. While Friday might be the high of the next several […]
Emini bulls need follow-through buying after breakout
Intraday market update: Monday September 24, 2018
Emini bulls need follow-through buying after breakout I will update again at the end of the day. Pre-Open market analysis The Emini was in a Spike and Channel Bear Trend on Friday after Thursday’s gap up to a new high. A gap up to a new high usually leads to at least a couple days […]
Emini considering China tariffs ahead of Wednesday’s FOMC
Emini weekend update: September 22, 2018
Monthly S&P500 Emini futures candlestick chart: Emini considering China tariffs ahead of Wednesday’s FOMC The candlestick on the monthly S&P500 Emini futures candlestick chart is a small bull doji so far in September. However, it made a new all-time high and the 6 month rally is strong. The monthly S&P500 Emini futures candlestick chart broke […]
Emini gap up ahead of Wednesday’s FOMC announcement
Intraday market update: Friday September 21, 2018
Emini gap up ahead of Wednesday’s FOMC announcement I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to another all-time high and was a strong bull trend day in a bull trend. But, whenever there is a gap up, there is often a gap down. The gap down […]
Emini ignoring China tariffs and trade war ahead of FOMC
Intraday market update: Thursday September 20, 2018
Emini ignoring China tariffs and trade war ahead of FOMC I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways for 5 days. Traders are deciding if the rally will continue up to the measured move targets above at around 3100 and 3200 or reverse down. The […]
