Increasing Emini selling pressure will lead to 2350 pullback Updated 6:50 a.m. While today opened with consecutive bull bars, they were in the middle of Friday’s 4 hour range. Although the Emini is still Always In Long, the bulls need a breakout. Furthermore, they want a break above the July 3 2436.50 lower high because […]

Emini 5% summer correction as the Fed raises rates Updated 6:42 a.m. Today opened in the middle of yesterday’s range. In addition, the 1st bar was a doji bar. Yesterday was a bear channel and therefore today is likely to have a lot of trading range price action. This open is consistent with a trading […]

Stock market bears creating selling pressure Updated 6:49 a.m. The Emini broke below the lows of the past several days on the open. The bulls want an Opening Reversal up from this support and an early low of the day. The selling is strong enough to make a strong bull trend day unlikely. The bulls […]

Emini might begin summer 100 point correction in July Updated 6:52 a.m. The Emini gapped up and then sold off for a few bars. The gap up was big enough to create a Big Down, Big Up, Big Confusion pattern with Monday’s selloff. Therefore, the odds favor a trading range open. While the 3 consecutive […]

Emini monthly and weekly sell signals after Trump’s healthcare failure Updated 6:49 a.m. The Emini gapped up to the 60 minute and daily moving averages and last week’s low. This is resistance and today will probably be a trading range day. Therefore, the bulls need a Buy The Close rally to convince traders that today […]

Emini end of quarter window dressing and July 4 seasonally bullish Updated 7:00 a.m. The Emini sold off strongly from yesterday’s high. The bears want a strong bear trend day. They they want today to again trigger the sell signal on the weekly chart by falling below last week’s low. Yet, after Tuesday’s wedge bottom, […]

Emini correcting after Yellen and Trump healthcare failure Updated 6:47 a.m. While the Emini gapped above a major lower high from yesterday, the follow-through buying was weak. Since yesterday sold off and today gapped up, there is a Big Down, Big Up, Big Confusion open. Therefore, the odds favor a trading range over the 1st […]

Trump’s health care bill and tax reform might disappoint bulls Updated 6:55 a.m. Last week is a sell signal bar on the weekly chart. Today’s early selloff is a test of last week’s low. The bears need a strong breakout and follow-through over the next several days if they are going to get a reversal […]