Monthly S&P500 Emini futures candlestick chart:Emini forming blow-off top leading to giving back 2018 gains The monthly S&P500 Emini futures candlestick chart this month so far is a big bull trend bar in a parabolic wedge bull trend. The monthly S&P500 Emini futures candlestick chart has not had a pullback since November 2016. This means […]
Emini forming blow-off top leading to giving back 2018 gains
Congress budget and government shutdown vote today is catalyst
Intraday market update: January 19, 2018
Congress budget and government shutdown vote today is catalyst Updated 6:53 a.m. The Emini opened with a double top lower high major trend reversal. Yet, the bulls broke above the lower high. Since yesterday was a bear bar, it was a weak buy signal bar on the daily chart. Consequently, the odds are against a […]
Trump rally buy climax at 2800 before government shutdown vote
Intraday market update: January 18, 2018
Trump rally buy climax at 2800 before government shutdown vote Updated 6:48 a.m. Yesterday’s late selloff was likely the start of a trading range. The reversals up and down today increased the probability. After a buy climax, there is a 75% chance of a trading range lasting at least 2 hours. This means that the […]
Emini outside down reversal at 2800 Big Round Number
Intraday market update: January 17, 2018
Emini outside down reversal at 2800 Big Round Number Updated 6:48 a.m. The Emini gapped up to the middle of yesterday’s huge range. This makes an inside day and a trading range day likely. On the open, it reversed down from 2 legs up from yesterday’s low. The 2nd and 3rd bars were dojis. This […]
Emini blow-off top leading to test of year’s open
Intraday market update: January 16, 2018
Emini blow-off top leading to test of year’s open Updated 6:43 a.m. The Emini began with a trend from the open bull trend. This is a possible low of the day. However, a Buy The Close rally on the open usually does not last all day. It typically either becomes a big trading range, or […]
Emini possible blow-off top preceding congressional budget vote
Intraday market update: January 9, 2018
Emini possible blow-off top preceding congressional budget vote Updated 6:47 a.m. Today gapped up and began with a big bull bar. However, the 2nd bar was a bear bar, which is bad follow-through. It therefore increases the chances of an early swing down to yesterday’s high or close. The bears need 2 – 3 bear […]
2018 January barometer indicates Trump rally continuing
Intraday market update: January 8, 2018
2018 January barometer indicates Trump rally continuing Updated 6:47 a.m. Friday ended with a buy climax. There is therefore only a 25% chance of a strong bull trend today. Yet, there is a 50% chance of some follow-through buying in the 1st 2 hours. The buy climax was a spike and channel bull trend. It […]
Trump corporate tax cut rally might be January barometer
Emini weekend update: January 6, 2018
Monthly S&P500 Emini futures candlestick chart:Strong bull trend For the past 14 months, every bar on the monthly S&P500 Emini futures candlestick chart had a low above the low of the prior month. This is a very strong bull trend, but unsustainable and therefore climactic. A bull micro channel is a series of bars where […]
Emini nested parabolic wedge buy climaxes at measured move target
Intraday market update: January 5, 2018
Emini nested parabolic wedge buy climaxes at measured move target Updated 6:48 a.m. The Emini gapped up and had 2 big bear bars. This reduces the chances of a bull trend day. It reversed up strongly on the 3rd bar, which reduces the chances of a big bear day. There was a big gap up, […]
Emini January effect Trump tax cut rally continuing
Intraday market update: January 4, 2018
Emini January effect Trump tax cut rally continuing Updated 6:45 a.m. The Emini opened with a big gap up and consecutive big bull bars. In addition, it broke above yesterday’s bull channel. The measured move up from yesterday’s wedge top and from yesterday’s opening gap up are both around 2724. This is an extreme buy […]
