Emini bull leg in developing trading range after 10% correction Updated 6:44 a.m. The Emini tested the 60 minute moving average and the open of the week on the open. The bulls are trying for an Opening Reversal up from this support and an early low of the day. The odds are that the Emini […]
Emini bull leg in developing trading range after 10% correction
Emini 10 percent correction but monthly bull flag
Intraday market update: February 12, 2018
Emini 10 percent correction but monthly bull flag Updated 6:45 a.m. The Emini gapped up on the open, but the gap was small. Moreover, the 60 minute moving average, and yesterday’s high and close were magnets below. Finally, this early rally is forming a wedge top with the 2 highs from Friday. Unless the bulls […]
Emini tradable bottom in developing 2 to 3 month trading range
Emini weekend update: February 10, 2018
Monthly S&P500 Emini futures candlestick chart: Big, but brief reversal The monthly S&P500 Emini futures candlestick chart this month traded below last month’s low. This is the 1st pullback in 16 months. The bar is currently a big bear bar, but there are 3 weeks left to the month. Hence, it could look different on […]
Emini technical selloff from historically overbought higher time frame charts
Intraday market update: February 9, 2018
Emini technical selloff from historically overbought higher time frame charts Updated 6:41 a.m. Today gapped above yesterday’s bear channel. However, the 1st bar was a doji bar in the middle of yesterday’s late selloff. A neutral bar in the middle of something is a sign of complacency. It therefore increases the odds of a trading […]
Emini buy and sell climaxes before government shutdown vote
Intraday market update: February 8, 2018
Emini buy and sell climaxes before government shutdown vote Updated 6:48 a.m. Monday’s buy signal is stronger than yesterday’s sell signal. The Emini was sideways yesterday and it will likely continue today. This means that traders will look for the 1st 1 – 3 hour trend to reverse and then start an opposite swing. The […]
Emini sell climax after buy climax so trading range likely
Intraday market update: February 7, 2018
Emini sell climax after buy climax so trading range likely Updated 6:43 a.m. The Emini began in yesterday’s hour long tight trading range, just below yesterday’s high and the 60 minute EMA. Since yesterday is a buy signal bar, the early break above its high triggered the buy signal on the daily chart. But, the […]
Emini stock market crash on 5 minute chart
Intraday market update: February 6, 2018
Emini stock market crash on 5 minute chart Updated 6:38 a.m. The Emini reversed up from below yesterday’s low, and yesterday’s sell climax was extreme. The odds are that the Emini will rally to above the final sell climax high at around 2700 by the end of the week. Because yesterday was a huge sell […]
Emini double top leading to 5% correction
Intraday market update: February 5, 2018
Emini double top leading to 5% correction Updated 6:44 a.m. The Emini opened with a big gap down, but it had a strong bull bar. This reduces the chances of a big bear trend day. In addition, it increases the odds that a 2 hour sideways to up move will begin in the 1st hour. […]
Trump rally beginning 5% correction over Fed fears
Emini weekend update: February 3, 2018
Monthly S&P500 Emini futures candlestick chart: Pullback from buy climax The monthly S&P500 Emini futures candlestick chart had an exceptionally big bull bar last month. Since it is late in a strong bull trend, it is a buy climax. The odds favor a 1 – 3 month pullback (bull flag). This month so far is […]
Likely start of Emini 5% correction after buy climax
Intraday market update: February 2, 2018
Likely start of Emini 5% correction after buy climax Updated 6:45 a.m. The Emini gapped down and is between important support and resistance. Consequently, it might test both today. The 20 day EMA below is at the 2800 Big Round Number. Yesterday’s low and last week’s low are just above. The 1st 2 bars had […]