Emini buy climax weekly and daily sell signal above 2500 Updated 6:46 a.m. Today opened at the bottom of the 5 day tight range. It formed an outside up bar on the 2nd bar, and therefore a micro double bottom at the bottom of the range. Yet, the bar was a bear doji. Limit order […]
Emini buy climax weekly and daily sell signal above 2500
Emini breakout above August high and 2500 big round number
Emini weekend update: September 23, 2017
Monthly S&P500 Emini futures candlestick chart: Parabolic wedge buy climax The monthly S&P500 Emini futures candlestick chart has a bull body so far this month, and the trend is strong. Since every bar for the past 10 months has a low above the low of the prior bar, the rally is a bull micro channel. […]
Emini stalling after 2500 September breakout
Intraday market update: September 22, 2017
Emini stalling after 2500 September breakout Updated 6:51 a.m. The Emini gapped below yesterday’s low and therefore triggered a sell signal on the daily chart. Yet, the 1st bar was a strong bull bar and it reversed up above yesterday’s low. However, the 2nd bar had a bear body, which was a reversal back down. […]
Emini ignoring FOMC report, but stalling at 2500 Big Round Number
Intraday market update: September 21, 2017
Emini ignoring FOMC report, but stalling at 2500 Big Round Number Updated 6:45 a.m. Yesterday’s rally was a spike and channel bull trend. Since the channel usually evolves into a trading range, and early trading range is likely today. Because yesterday was a doji day, today will probably be mostly a trading range day. Since […]
September FOMC report at Emini 2500 big round number
Intraday market update: September 20, 2017
September FOMC report at Emini 2500 big round number Updated 6:56 a.m. The Emini began with a 2nd failed breakout above yesterday’s high. It is Always In Short. Since yesterday’s range was small, today has an increased chance of becoming an outside down day. Because ever trend up or down over the past week has […]
Emini failed 2500 breakout before FOMC announcement
Intraday market update: September 19, 2017
Emini failed 2500 breakout before FOMC announcement I will update around 6:46 a.m. Today began with a reversal down from yesterday’s high. Yesterday was a bull doji day on the daily chart after 5 strong bull days. Today will probably be weaker still. This means that today will probably have a bear body. Therefore, it […]
Emini testing 2500 big round number before FOMC interest rate announcement
Intraday market update: September 18, 2017
Emini testing 2500 big round number before FOMC interest rate announcement Updated 7:00 a.m. Today began with a bear doji that dipped back below 2500. Yet, the next bars were bull bars, and the gap remained open. Although this is a Buy The Close open, the bulls lacked consecutive big bull bars. Hence, the odds […]
Wednesday’s FOMC interest rate announcement is a catalyst
Emini weekend update: September 16, 2017
Monthly S&P500 Emini futures candlestick chart: Parabolic wedge buy climax Every bar for the past 10 months on the monthly S&P500 Emini futures candlestick chart has a low above the low of the prior bar. This is an 11 bar bull micro channel. The 4 month breakout through February is a spike in a spike […]
Emini all time high profit taking before FOMC meeting
Intraday market update: September 15, 2017
Emini all time high profit taking before FOMC meeting Updated 6:44 a.m. The Emini opened in the middle of the 3 day tight range. Yet, this is a lot of bars in a tight range so therefore the odds favor a bigger range today. There are magnets above (2500) and below (2486.75), and the Emini […]
Emini all-time high, awaiting FOMC interest rate announcement
Intraday market update: September 14, 2017
Emini all-time high, awaiting FOMC interest rate announcement Updated 6:55 a.m. The Emini opened near yesterday’s low, and with consecutive bear bars. This makes a bull trend day unlikely. In addition, after 3 bull days, each getting weaker, today will probably be a trading range day or a small bear day. Another bull day is […]