Emini testing January high ahead of unemployment report I will update again at the end of the day. Pre-Open market analysis The Emini sold off strongly yesterday, but reversed up from a dip below the January high. In fact, it rallied back above last week’s low. Therefore the bulls are hoping that this is just […]
Emini testing January high ahead of unemployment report
Emini testing September all time high before unemployment report
Intraday market update: Thursday October 4, 2018
Emini testing September all time high before unemployment report I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday, but then enter a triangle. There was a trend reversal down at the end of the day. While yesterday is a sell signal bar on the daily chart, […]
Emini weak buy signal ahead of October unemployment report
Intraday market update: Wednesday October 3, 2018
Emini weak buy signal ahead of October unemployment report I will update again at the end of the day. Pre-Open market analysis Last week was a bear inside bar in a bull trend on the weekly chart. It is therefore a weak buy signal. Yesterday was a doji inside day on the daily chart. Consequently, […]
Emini doji bar in tight trading range to begin October
Intraday market update: Tuesday October 2, 2018
Emini doji bar in tight trading range to begin October I will update again at the end of the day. Pre-Open market analysis By going above last week’s high, yesterday triggered a buy signal on the weekly chart. The bulls need to begin to form bull bars closing near their highs on the daily chart. […]
Emini bull flag but limited upside without pullback
Intraday market update: Monday October 1, 2018
Emini bull flag but limited upside without pullback I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of the month. Last month was a small bull doji bar on the monthly chart and therefore not a good sell signal bar. This is especially true due to […]
Emini September high might be minor exhaustive buy climax
Emini weekend update: September 29, 2018
Monthly S&P500 Emini futures candlestick chart:6 month rally to new all-time high The September candlestick on the monthly S&P500 Emini futures candlestick chart is a bull doji. It is the 6th bar in a bull micro channel. But, because it is smaller, it is a sign that the bulls are losing momentum. The monthly S&P500 […]
Emini forming weekly inside bar for Breakout Mode setup
Intraday market update: Friday September 28, 2018
Emini forming weekly inside bar for Breakout Mode setup I will update again at the end of the day. Pre-Open market analysis After Wednesday formed a big outside down day, yesterday formed a bull inside day. The ioi on the daily chart is a Breakout Mode pattern. Because yesterday had a bull body, it is […]
Emini outside down day after September FOMC announcement
Intraday market update: Thursday September 27, 2018
Emini outside down day after September FOMC announcement I will update again at the end of the day. Pre-Open market analysis The Emini rallied briefly after the FOMC report but sold off from above Tuesday’s high to below Tuesday’s low. Yesterday was therefore an outside down day. The odds are that last Friday began a […]
Emini island top and bull flag going into FOMC announcement
Intraday market update: Wednesday September 26, 2018
Emini island top and bull flag going into FOMC announcement I will update again at the end of the day. Pre-Open market analysis Yesterday sold off from the open after failing to close the gap below Friday’s low. But, it reversed up twice at the end of the day and held around Monday’s low. This […]
Emini weak selling after 2 day island top ahead of FOMC
Intraday market update: Tuesday September 25, 2018
Emini weak selling after 2 day island top ahead of FOMC I will update again at the end of the day. Pre-Open market analysis The Emini gapped down yesterday and formed a 2 day island top. However, yesterday was not a strong bear trend day. While Friday might be the high of the next several […]