Stock market January barometer is strong, but 5% correction soon Updated 6:40 a.m. Today gapped down to around yesterday’s low, despite yesterday’s strong reversal up into the close. The bulls want a higher low major trend reversal after yesterday’s lower low major trend reversal. Because there was a strong selloff yesterday and then a strong […]

Emini profit-taking after parabolic wedge buy climax and before Trump testimony Updated 6:48 a.m. Today gapped above yesterday’s triangle, but not above yesterday’s high. The bulls want to close the gap below Monday’s low. Yet, unless the rally reaches a new all-time high, the bears will sell it. They want to create a lower high […]

Emini profit taking and 5% correction after strong January barometer? Updated 6:38 a.m. The Emini opened with a big gap down to around the bottom of the 6 day range. The 1st bar was a strong bull bar. It therefore is a possible low of the day. When the Emini opens at support in a […]

Emini rallying on Davos and ignoring Trump’s Mueller testimony Updated 6:47 a.m. The Emini opened with a big gap down. This created a Big Up, Big Down pattern with Friday. That therefore increases the odds of an early trading range. There was a gap between the high of the 1st bar and the moving average. […]

Emini pausing for Trump at Davos and for Mueller testimony Updated 6:47 a.m. Today triggered the buy signal on the daily chart by going above yesterday’s high. Yet, the breakout immediately pulled back. After 3 sideways days, the odds favor more sideways trading today, and the Emini is at the top of the 4 day […]

Emini outside down day might lead to trading range Updated 6:42 a.m. Today opened within yesterday’s range. Since opened near the high, there is an increased chance of a breakout above yesterday’s high. Yet, the day after a big outside down day closing in the middle usually will not get far above or below yesterday’s […]

Emini measured move target at 2860 so magnet and minor resistance Updated 6:52 a.m. The Emini gapped up, but began with a doji. The bulls got an opening reversal up from above yesterday’s high and want a trend from the open bull trend. Yet, the doji on the open, big bear bar, and the tail […]

Emini breakout above wedge top after government shutdown Updated 6:47 a.m. Today began with a continuation of yesterday’s rally. It is a Buy The Close open. However, there is a 75% chance that the Emini will enter a trading range by the end of the 2nd hour. In addition, that sideways to down trading will […]

Emini reacts to government shutdown vote Updated 6:44 a.m. The Emini opened with a small double bottom bull flag. Since there is a 5 minute wedge top nested within a 60 minute wedge top, the odds are against a big bull trend day. In addition, Friday’s rally was weak. This adds to the likelihood that […]