FOMC Fed rate hike after parabolic wedge buy climax Updated 6:52 a.m. The Emini gapped above yesterday’s high, but turned down from just below the all-time high. Because yesterday’s bull channel was tight, the bears need a series of strong bear bars to convince traders that they have begun a swing down. Despite the 2 […]

Emini waiting for Wednesday’s FOMC Fed interest rate hike Updated 6:53 a.m. Today opened with a gap up and 3 bull bars. But, the daily chart has had 6 dojis. Furthermore, it has both a wedge top and a parabolic wedge top. The odds are against a strong bull trend day today, despite this early […]

Trump, Comey, and Russia are minor compared to buy climax Updated 6:53 a.m. The Emini tested the top of Friday’s reversal up, which was a 50% pullback of the selloff, and stalled. This was likely because Big Down, Big Up creates Big Confusion. It therefore usually leads to a trading range. Today’s early selloff found […]

Market believes Comey testimony about Trump and Russia is irrelevant Updated 7:01 a.m. The Emini broke to a new all-time high on the open. At the moment, the Emini is Always In Long and in a trend from the open bull trend. Yet, the bull bars are not especially big. In addition, there are tails, […]

Emini awaiting Comey’s testimony on Trump and Russia Updated 6:57 a.m. The Emini opened in yesterday’s tight trading range, and rallied from an Opening Reversal pullback to the moving average. By trading above yesterday’s high, it triggered a buy signal on the daily chart. Yet, the Emini is in a 3 day tight trading range. […]

Buy climax before Comey’s Russia and Trump hearing Updated 6:49 a.m. The Emini opened in the middle of yesterday’s trading range at the 60 minute moving average. Furthermore, yesterday was a weak buy signal bar on the daily chart. Therefore, if today rallies above yesterday’s high, the breakout probably will not lead to a strong […]

Emini buy climax as AMZN and GOOGL exceed 1,000 Updated 6:51 a.m. Since the Emini gapped below yesterday’s low, it triggered the sell signal on the daily chart. Yet, unless the bears get consecutive big bear bars, the odds are against a swing down on the daily chart. There are more likely buyers below and […]