Emini breakout test of January’s high and last week’s gap I will update again at the end of the day. Pre-Open market analysis Yesterday had several reversals and therefore was a trading range day. The Emini tested into the gap below last week’s low, but did not close the gap. Furthermore, it reversed up from […]
Emini breakout test of January’s high and last week’s gap
Emini possible island top on weekly and daily charts
Intraday market update: Tuesday September 4, 2018
Emini possible island top on weekly and daily charts I will update again at the end of the day. Pre-Open market analysis The Emini gapped up last week and closed just above the week’s midpoint. This is good for the bulls this week. But, if today gaps down, there will be a 1 bar island […]
Emini breakout to all-time high but September often weak
Emini weekend update: September 1, 2018
Monthly S&P500 Emini futures candlestick chart:Emini breakout to all-time high but September often weak The monthly S&P500 Emini futures candlestick chart had a bull trend bar in August. Furthermore, August closed near its high and above the January high. It is resuming its bull trend. The monthly S&P500 Emini futures candlestick chart has rallied for […]
Emini strong August close likely today
Intraday market update: Friday August 31, 2018
Emini strong August close likely today I will update again at the end of the day. Pre-Open market analysis Today is the last day of the week and of the month. The bulls want both to close on the high. That would increase the chance of higher prices next week and next month. The bears […]
Emini buy climax and 60 minute Final Bull Flag
Intraday market update: Thursday August 30, 2018
Emini buy climax and 60 minute Final Bull Flag I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly to another new all-time high. Like most recent days, it then spent the next several hours going sideways. The bulls want the week to close on its high. While […]
Emini failed breakout above January high and 2900
Intraday market update: Wednesday August 29, 2018
Emini failed breakout above January high and 2900 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to another all-time high, but sold off back into Monday’s tight trading range. Since it was a bear bar on the daily chart, it is a sell signal bar for today. […]
Emini weekly gap up to new all time high on NAFTA
Intraday market update: Tuesday August 28, 2018
Emini weekly gap up to new all time high on NAFTA I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to a new all-time high yesterday on the daily and weekly charts. While the news will attribute this to a possible NAFTA deal, it is mostly technical. […]
Emini August breakout to a new all time high
Intraday market update: Monday August 27, 2018
Emini August breakout to a new all time high I will update again at the end of the day. Pre-Open market analysis The Emini rallied again on Friday and closed about 7 points below the all-time high. The cash index made a new high on Wednesday and again on Friday. The bulls want follow-through buying […]
Emini possible gap up above January all-time high
Emini weekend update: August 25, 2018
Monthly S&P500 Emini futures candlestick chart:Testing the January all-time high The August candlestick on the monthly S&P500 Emini futures chart so far is a bull bar. The bears want a double top with the January high, but the odds favor a new all-time high soon. The monthly S&P500 Emini futures candlestick chart is resuming its […]
Emini double top after Cohen and China tariff news
Intraday market update: Friday August 24, 2018
Emini double top after Cohen and Manafort news I will update again at the end of the day. Pre-Open market analysis Yesterday rallied, but reversed down strongly, forming an outside down day. It is therefore a sell signal bar on the daily chart. However, it was a doji bar and the 3rd small day in […]