Emini outside down week just above February low I will update again at the end of the day. Pre-Open market analysis After Thursday’s big rally, Friday was a big bear trend day. It is a sell signal bar for today, but it is at the bottom of a 7 week trading range. The bears have […]
Emini outside down week just above February low
Emini sell vacuum test of 2017 close
Weekend market update: December 8, 2018
Market Overview The Emini has oscillated around last year’s close all year, and it therefore is a very important price. Friday was a big bear day and last week was an outside down week. But, trading ranges resist breaking out. Therefore, the year probably will end up closing within the year’s trading range, either a […]
Emini outside down week testing November low
Intraday market update: Friday December 7, 2018
Emini outside down week testing November low I will update again at the end of the day. Pre-Open market analysis By breaking below last week’s low, the Emini turned this week into an outside down week. The Emini reversed up yesterday from below last week’s low and last month’s low. Because yesterday was a big […]
Emini sell climax after buy climax creates confusion
Intraday market update: Thursday December 6, 2018
Emini sell climax after buy climax creates confusion, which typically results in a trading range I will update again at the end of the day. Pre-Open market analysis Tuesday was a huge bear day after a buy climax in late November. Big Up, Big Down creates Big Confusion. Traders buy low, sell high, and take […]
Emini testing 2800 Big Round Number and November high
Intraday market update: Tuesday December 4, 2018
Emini testing 2800 Big Round Number and November high I will update again at the end of the day. Pre-Open market analysis Yesterday had a bear body, despite the huge gap up. I wrote on Friday that this was likely because a 6th bull day would be unusual. The bears want a lower high compared […]
Emini end of the year triangle and breakout mode
Intraday market update: Monday December 3, 2018
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 […]
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 […]