Emini unlikely to create outside up candlestick on weekly chart I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday and created a 1 day island bottom. While yesterday was a bull trend day, it closed below its high. But, the momentum up good enough to make […]

Emini failed bear breakout below ioi pattern in bull channel I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down and sold off early, but reversed up from the March high. That is the top of the 7 month trading range. Yesterday was therefore a reversal day and it […]

Emini ioi breakout mode pattern after island top I will update again at the end of the day. Pre-Open market analysis Yesterday was the 3rd sideways day after last week’s reversal down. The bulls want the bull trend to resume up from a higher low. A gap up today would create a 3 day island […]

Emini daily buy signal stronger than weekly sell signal I will update again at the end of the day. Pre-Open market analysis Friday was a weak buy signal bar on the daily chart. There were therefore likely sellers above. Yesterday triggered the buy, but then reversed down. It broke below Friday’s low and formed an […]

Emini weekly sell signal for double top with January high I will update again at the end of the day. Pre-Open market analysis Last week formed a reversal bar on the weekly chart. While it was not a big bear bar, the context is good for the bears. They now have a credible double top […]

Emini outside down day and micro double top I will update again at the end of the day. Pre-Open market analysis After a 4 day parabolic wedge rally on the 60 minute chart, the Emini has been in a tight range for 3 days. However, yesterday was an outside down day. It also was a […]

Emini pullback from parabolic wedge top on 60 minute chart I will update again at the end of the day. Pre-Open market analysis The Emini had another trading range day yesterday. Its high was below Tuesday high, and therefore yesterday is a High 1 bull flag. But, yesterday had a bear body and is therefore […]

Emini parabolic wedge top at measured move target I will update again at the end of the day. Pre-Open market analysis The Emini rallied for 4 days in a tight bull channel on the 60 minute chart. This is extreme and unsustainable, and therefore climactic. It pulled back in a tight range yesterday from a […]