Trump’s Mideast trip will not prevent 100 point correction Updated 6:54 a.m. Today opened above yesterday’s high. Furthermore, the week will likely begin to test down today or tomorrow. In addition yesterday had a small range. Finally, the magnet of the 60 minute moving average is around yesterday’s low. These factors increase the chance of […]
Trump’s Mideast trip will not prevent 100 point correction
Possible island bottom after Trump’s island top
Intraday market update: May 22, 2017
Possible island bottom after Trump’s island top Updated 6:50 a.m. The Emini broke above yesterday’s high with 3 bull bars on the open. Yet, the odds favor an inside week with a lot of trading range price action. This reduces the chances of a strong trend day up or down. The Emini is Always In […]
Trump, Russia, Comey, Mueller and a Emini buy climax
Emini weekend update: May 20, 2017
Monthly S&P500 Emini futures candlestick chart:Trump, Russia, Comey, Mueller and a Emini buy climax The monthly S&P500 Emini futures candlestick chart has a doji bar so far this month. Last month was a High 1 buy signal bar, and May triggered the buy by going above the April high. The monthly S&P500 Emini futures candlestick […]
Trump special counsel is catalyst for 100 point correction
Intraday market update: May 19, 2017
Trump special counsel is catalyst for 100 point correction Updated 6:58 a.m. The bulls got a trend from the open bull trend that rallied to last week’s low. Yet, the Emini stalled there. Therefore, last week’s low will be a magnet all day. Since there is a 3 day Big Down, Big Up pattern, a […]
Trump impeachment risk is catalyst for 5% correction
Intraday market update: May 18, 2017
Trump impeachment risk is catalyst for 5% correction Updated 6:48 a.m. The Emini reversed up from below yesterday’s low on the open. In addition, the 1st selloff failed and created a small double bottom. The bears want this reversal to fail, like yesterday. Yet, it is a reversal up from below a bear channel as […]
5 percent correction after Trump impeachment talks
Intraday market update: May 17, 2017
5 percent correction after Trump impeachment talks Updated 6:52 a.m. The Emini began with a big gap down to the bottom of the 3 week wedge rally. Yet, the 1st 2 bars were bull bars and the 1st one was strong. This therefore creates confusion. Hence, a trading range for the 1st hour or so […]
Trump rally breakout of 2400 should fail within 2 weeks
Intraday market update: May 16, 2017
Trump rally breakout of 2400 should fail within 2 weeks Updated 6:52 a.m. The Emini reversed down from above yesterday’s high and is Always In Short. Yet, the bulls want an opening reversal up from the moving average. They need a strong break to a new high of the day. At the moment, the best […]
Comey firing ending Trump rally around 2400 big round number
Intraday market update: May 15, 2017
Comey firing ending Trump rally around 2400 big round number Updated 6:53 a.m. The Emini gapped above Friday’s high and opened with a big bull trend bar. Yet, the second bar was a bear doji and therefore the follow-through buying was bad. Hence, this is a continuation of the 4 weeks of trading range price […]
Trump firing of Comey is catalyst for 5 percent correction
Emini weekend update: May 13, 2017
Monthly S&P500 Emini futures candlestick chart:Weak entry bar after 1 bar bull flag The monthly S&P500 Emini futures candlestick chart had a High 1 bull flag in April. May traded above the April high, and therefore triggered the buy signal. The monthly S&P500 Emini futures candlestick chart is a small doji bar so far this […]
Emini exhaustive buy climax at 2400 big round number
Intraday market update: May 12, 2017
Emini exhaustive buy climax at 2400 big round number Updated 6:52 a.m. Since yesterday had a bull breakout around 9 a.m. and then a bull channel, it formed a spike and channel bull trend. Traders therefore expect that channel to evolve into a trading range. The bulls will try to reverse up from this area. […]
