Monthly S&P500 Emini futures candlestick chart:3 month bull flag The monthly S&P500 Emini futures candlestick chart formed an outside up month after a 3 month pullback. Because there is a 4 bar tight trading range, it might continue sideways for another month or two. The monthly S&P500 Emini futures candlestick chart has pulled back for […]
President Trump’s stock market year end rally
President Trump’s all time high stock market rally
Intraday market update: November 11, 2016
President Trump’s all time high stock market rally Updated 6:47 a.m. Today opened with a big doji in the bottom half of yesterday, which was a trading range day. The odds are that today will be another trading range day, but with legs that are big enough for swing trades. While the all-time high is […]
President Trump stock market rally
Intraday market update: November 10, 2016
President Trump stock market rally Updated 6:55 a.m. While the Emini gapped up and began with a Trend From the Open, Buy The Close Bull Trend, it is at the top of a 15 minute bull channel. There is only a 25% chance of success. Hence, there is a 75% chance of a sideways to […]
Trump Presidential election stock market correction
Intraday market update: November 9, 2016
Trump Presidential election stock market correction Updated 7:13 a.m. The Emini had a big reversal up from yesterday’s low. It then tested yesterday’s high and sold off. Because of the several reversals, today will probably be a trading range day. Since the bars are big, most traders should wait until they become smaller. At the […]
Presidential election year end rally attempt
Intraday market update: November 8, 2016
Presidential election year end rally attempt Updated 6:48 a.m. The Emini tried to reverse up from a test of yesterday’s buy climax low. Yet, the big down open created a Big Up, Big Down pattern. Hence, there is increased uncertainty. Therefore, a trading range is likely. The bulls want a double bottom and then a […]
Presidential election rally after sell climax
Intraday market update: November 7, 2016
Presidential election rally after sell climax Updated 6:49 a.m. The Emini had a big gap up on the open. When there is a huge gap up, the day usually goes sideways for several hours at some point, and rarely closes far above the open. About 20% of the days become strong bull trend days or […]
Year end rally after presidential election
Emini weekend update: November 5, 2016
Monthly S&P500 Emini futures candlestick chart:Exhaustion gap The monthly S&P500 Emini futures candlestick chart finally pulled back below the July 2015 high. The July 2016 breakout is therefore an exhaustion gap. The monthly S&P500 Emini futures candlestick chart has pulled back for 3 months. I have been writing since the July breakout that the breakout […]
Stock market election selloff should test 2050 support
Intraday market update: November 4, 2016
Stock market election selloff should test 2050 support Updatted 6:47 a.m. The Emini reversed up on the 1st bar, forming a double bottom with yesterday’s low. Furthermore, yesterday reversed up from a 3 day wedge bottom on the 15 minute chart. Therefore, the Emini will probably go sideways to up for about 10 bars on […]
FOMC stock market rally on unchanged interest rates should fail
Intraday market update: November 3, 2016
FOMC stock market rally on unchanged interest rates should fail Updated 6:43 a.m. While yesterday reversed up from a higher low major trend reversal, just above the July 2015 high, the 1st bar today was a doji within a 3 hour trading range. That 1st doji and the 3 hour range and the magnet below […]
Presidential election selloff through 2100 support
Intraday market update: November 2, 2016
Presidential election selloff through 2100 support Updated 6:43 a.m. Because of yesterday’s reversal, today will probably be a trading range day. This is especially true because most days for 4 months have been trading range days. Furthermore, today’s FOMC announcement at 11 a.m. creates added uncertainty. The odds are very high that the Fed will […]
