Emini outside down week is starting pullback I will update again at the end of the day. Pre-Open market analysis During yesterday’s strong selloff, I said that there would probably be a reversal up yesterday or today. Yesterday’s early reversal failed, but the bulls will likely try again today. This is because this week is […]
Emini outside down week is starting pullback
Emini profit taking at 2800 and triple top
Intraday market update: Thursday March 7, 2019
Emini profit taking at 2800 and triple top I will update again at the end of the day. Pre-Open market analysis Yesterday sold off, but held just above Monday’s low and last week’s low. The bulls hope that the selloff was a test of those lows. They therefore want a micro double bottom on the […]
Emini has ioi breakout mode pattern near 2800
Intraday market update: Wednesday March 6, 2019
Emini has ioi breakout mode pattern near 2800 I will update again at the end of the day. Pre-Open market analysis After Monday being a huge outside day that closed in its middle, yesterday was likely to be an inside day. And it was. An inside day after an outside day creates an ioi (inside-outside-inside) […]
Emini outside down week in 10 week bull micro channel
Intraday market update: Tuesday March 5, 2019
Emini outside down week in 10 week bull micro channel I will update again at the end of the day. Pre-Open market analysis Yesterday traded above Friday’s high and above last week’s high. It sold off below Friday’s low and last week’s low. Therefore, yesterday was an outside down bar on the daily chart. In […]
Emini 9 week bull bar streak converting into small pullback
Intraday market update: Monday March 4, 2019
Emini 9 week bull bar streak converting into small pullback I will update again at the end of the day. Pre-Open market analysis On the weekly chart, the bears finally got their 1st bear bar after a streak of 9 consecutive bull bars. In the 20 year history of the Emini, there have been many […]
Weekly End of streak of 9 weekly Emini bull bars
Weekend market update: March 2, 2019
Market Overview The Emini began to pull back this week after a parabolic wedge buy climax on the daily chart. It is at the resistance of the October-November-December triple top and 2800. The streak of 9 consecutive bull bars on the weekly chart ended as well. Traders should expect 2 – 3 weeks of sideways […]
Emini streak might reach 10 consecutive weeks up
Intraday market update: Friday March 1, 2019
Emini streak might reach 10 consecutive weeks up I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of March. January and February were strongly bullish. The bulls want the rally to continue throughout March. Today is also the last day of the week. The 2808.00 open […]
Emini High 1 bull flag but at triple top
Intraday market update: Thursday February 28, 2019
Emini High 1 bull flag but at triple top I will update again at the end of the day. Pre-Open market analysis Today is the final day of the month. On the monthly chart, February will probably be a bull trend bar closing near its high. On the daily chart, every pullback for the past […]
Emini weak High 1 bull flag at 2800 triple top
Intraday market update: Wednesday February 27, 2019
Emini weak High 1 bull flag at 2800 triple top I will update again at the end of the day. Pre-Open market analysis Yesterday was a trading range day. On the daily chart, it is a High 1 bull flag and therefore a buy signal bar. Every pullback this year ended after 1 or 2 […]
Emini breakout above December stock market crash high and 2800
Intraday market update: Tuesday February 26, 2019
Emini breakout above December stock market crash high and 2800 I will update again at the end of the day. Pre-Open market analysis There has been only one instance of more than 9 consecutive bull bars on the weekly chart in the past 20 years. This is now the 10th week in the streak. Consequently, […]