Emini all time high profit taking before FOMC meeting Updated 6:44 a.m. The Emini opened in the middle of the 3 day tight range. Yet, this is a lot of bars in a tight range so therefore the odds favor a bigger range today. There are magnets above (2500) and below (2486.75), and the Emini […]

Emini all-time high, awaiting FOMC interest rate announcement Updated 6:55 a.m. The Emini opened near yesterday’s low, and with consecutive bear bars. This makes a bull trend day unlikely. In addition, after 3 bull days, each getting weaker, today will probably be a trading range day or a small bear day. Another bull day is […]

FOMC next week is more important to Emini traders than hurricanes Updated 6:40 a.m. The Emini opened within yesterday’s range. In addition, yesterday was a trading range day. Finally, after 2 bull days in a broad bull channel, the odds are that today will be a disappointing day for the bulls. Therefore, the odds are […]

Emini gapped up but need follow through buying Updated 6:45 a.m. The Emini gapped up and began with consecutive bull bars, like yesterday. Yet, the gap and bars were smaller today. In addition, yesterday’s 40 bar tight trading range is a magnet. Therefore, the bears will look to sell a failed breakout above yesterday’s high. […]

Emini awaiting central bank interest rate guidance Updated 6:46 a.m. The Emini opened with a big gap up and consecutive strong bull bars. It is Always In Long. This is a strong enough open to make a bear trend day unlikely. Therefore today will probably be either a bull trend day or mostly a trading […]

Emini in breakout mode, awaiting central bank interest rate decisions Updated 6:51 a.m. Yesterday had a small range and therefore there is an increased chance of an outside day today. The Emini reversed up from below yesterday’s low on the open. Yet, because of 2 small trading range days, many traders will wait for more […]

Trump, hurricanes, DACA are inadequate Emini catalysts Updated 6:45 a.m. The Emini opened near yesterday’s high, but had small bars. This is therefore a continuation of the 3 hour range at the end of yesterday. Because yesterday is a weak buy signal bar in a 3 month range, the odds are that there will be […]