Emini test of wedge top before Trump tax reform vote Updated 6:44 a.m. The Emini gapped below Friday’s low, but the 1st 2 bars were bull bars. This is a small Big Down, Big Up pattern, and it makes an early trading range likely. The bulls want a failed breakout below yesterday’s low. If there […]
Emini test of wedge top before Trump tax reform vote
Emini wedge top before Trump’s tax reform and budget votes
Emini weekend update: November 11, 2017
Monthly S&P500 Emini futures candlestick chart: Strong bull trend, but buy climax Every bar for the past 12 months has a low above the low of the prior month on the monthly S&P500 Emini futures candlestick chart. This is a 13 bar bull micro channel and therefore a strong bull trend. Since it is extreme, […]
Emini bull reversal bar before Trump’s tax cut and budget votes
Intraday market update: November 10, 2017
Emini bull reversal bar before Trump’s tax cut and budget votes Updated 6:44 a.m. While yesterday was a bull reversal day, it was in a 2 week trading range and therefore there is nothing to reverse. Today opened in the middle 3rd of yesterday’s range, which increases the chances of a lot of overlap. Overlap […]
Emini wedge top and buy climax at 2600 Big Round Number
Intraday market update: November 9, 2017
Emini wedge top and buy climax at 2600 Big Round Number Updated 6:44 a.m. The Emini opened with a big gap down. The 1st 2 bars were big bars with big tails. The bull bodies make a Big Down, Big Up, Big Confusion pattern, which usually leads to a trading range. The tails are typical […]
Emini wedge top and Trump tax cuts and tax reform
Intraday market update: November 8, 2017
Emini wedge top and Trump tax cuts and tax reform Updated 6:41 a.m. Today opened in yesterday’s 4 hour trading range, just above yesterday’s low. The odds are that today will test both yesterday’s low and high. It therefore will probably have both a leg down and up and form a trading range day. Since […]
Emini wedge top before Congress Trump’s tax reform vote
Intraday market update: November 7, 2017
Emini wedge top before Congress Trump’s tax reform vote Updated 6:49 a.m. The bulls got a breakout to another new high on the open and a Buy The Close open. They want a 4th consecutive bull day. While the Emini is Always In Long, it is at the top of a wedge on the daily […]
Emini wedge top before Thanksgiving tax reform vote
Intraday market update: November 6, 2017
Emini wedge top before Thanksgiving tax reform vote Updated 6:52 a.m. The Emini tried to resume Friday’s rally on the open, but the rally so far today lacks consecutive big bull trend bars. It looks more like a continuation of Friday’s 2 hour trading range. This increases the odds of a lot of trading range […]
Emini buy climax continuing with Trump’s tax cuts
Emini weekend update: November 4, 2017
Monthly S&P500 Emini futures candlestick chart:Emini buy climax continuing with Trump’s tax cuts Every low for the past 12 months on the monthly S&P500 Emini futures candlestick chart has been above the low of the prior bar. This is a 13 bar bull micro channel. It is a sign of a strong bull trend and […]
Emini buy climax awaiting Trump’s tax reform after FOMC
Intraday market update: November 2, 2017
Emini buy climax awaiting Trump’s tax reform after FOMC Updated 6:52 a.m. Today opened at yesterday’s close in the middle of yesterday’s 4 hour range. The bears want a strong break below yesterday’s low to trigger a sell signal on the daily chart. The bulls want a major trend reversal up. However, the early tight […]
Emini awaiting November FOMC Fed interest rate decision
Intraday market update: November 1, 2017
Emini awaiting November FOMC Fed interest rate decision Updated 6:48 a.m. The Emini had a big gap up to a new all -time high and the 1st 3 bars were bull bars. However, none had a big bull body, and that therefore reduces the chances of a trend from the open bull trend day. The […]