Emini end of the year triangle and breakout mode I will update again at the end of the day. Pre-Open market analysis Friday was the 5th consecutive bull trend day after a higher low major trend reversal. The chart pattern was also a head and shoulders bottom. While the reversal is strong, it is now […]
Emini end of the year triangle and breakout mode
Al celebrating Mom’s 105th birthday!
Al did not trade Friday 30th November, taking off to celebrate his Mom’s 105th birthday in Boston. Therefore, no Intraday Market Report was issued last Friday. Al will be home and ‘back to work’ on Monday 3rd December.
Emini Christmas rally within yearlong trading range
Weekend market update: December 1, 2018
Monthly S&P500 Emini futures candlestick chart:1st pullback to 20 month EMA in more than 20 months The monthly S&P500 Emini futures candlestick chart pulled back to the 20 month EMA in October. November had a bull body and it is a buy signal bar for December. However, since it is only a small bull doji […]
Emini bulls want November buy signal bar on monthly chart
Intraday market update: Thursday November 29, 2018
Emini bulls want November buy signal bar on monthly chart I will update again at the end of the day. Pre-Open market analysis The Emini had a strong bull breakout in the middle of the day yesterday. It was big enough to have follow-through buying over the next week. This is true even if there […]
Emini 3 day island bottom might become 5 day island bottom
Intraday market update: Wednesday November 28, 2018
Emini 3 day island bottom might become 5 day island bottom I will update again at the end of the day. Pre-Open market analysis Yesterday was a broad bull channel day and it closed on its high. Also, if tomorrow gaps up, there will be a 5 day island bottom in addition to the current […]
Emini 3 day island bottom but weak trend reversal up
Intraday market update: Tuesday November 27, 2018
Emini 3 day island bottom but weak trend reversal up I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday. Since it gapped down 3 days earlier, the gap up created a 3 day island bottom. In addition, it gapped down on Friday. It therefore has a […]
Emini bear flag but higher low and possible triangle
Intraday market update: Monday November 26, 2018
Emini bear flag but higher low and possible triangle I will update again at the end of the day. Pre-Open market analysis The Emini reversed up slightly on Friday at the end of a strong down week. The bulls hope that last Tuesday and Thursday formed a successful micro double bottom, and that the Emini […]
Emini strong Christmas rally unlikely in 2018
Weekend Market Update: November 24, 2018
Market Overview The Emini has sold off over the past 2 weeks from a double top bear flag on the daily chart. It is now near the October 29 neck line of the double top. After falling a little more to support, it will probably reverse up for a few weeks from there or around […]
Emini adage says Thanksgiving belongs to the bears
Intraday market update: Wednesday November 21, 2018
Emini adage says Thanksgiving belongs to the bears I will update again at the end of the day. Pre-Open market analysis There is an old-timer’s stock market and therefore Emini adage that says Thanksgiving belongs to the bears and Christmas belongs to the bulls. I bring it up because it is part of stock market […]
Emini weak sell signal testing October sell climax low
Intraday market update: Tuesday November 20, 2018
Emini weak sell signal testing October sell climax low I will update again at the end of the day. Pre-Open market analysis By falling below Friday’s low, the Emini triggered a sell signal on the daily chart. But, Thursday and Friday were big bull days. Therefore, Friday is a low probability sell signal bar. Consequently, […]