Emini bulls want tax reform, creating growing buy climax Updated 6:58 a.m. The Emini gapped above yesterday’s high, but reversed down and closed the gap on the 3rd bar. Yet, the sell signal bar for the failed breakout above yesterday’s high had a bull body and yesterday had a 50 bar small pullback bull trend. […]
Emini bulls want tax reform, creating growing buy climax
Buy climax so Emini is ignoring Republican tax cuts
Intraday market update: October 2, 2017
Buy climax so Emini is ignoring Republican tax cuts Updated 6:49 a.m. While the Emini had a small gap up, it closed on the 1st bar. In addition, the 1st bar was a doji bar, which means that there is not yet much energy. Since the Emini is breaking above the top of a 5 […]
Emini traders believe 2500 buy climax trumps republican tax cuts
Emini weekend update: September 30, 2017
Monthly S&P500 Emini futures candlestick chart: Extreme buy climax The monthly S&P500 Emini futures candlestick chart had a bull trend bar this month. However, it has had 11 months without a pullback. This bull micro channel is therefore unsustainable and climactic. The protracted bull micro channel is extremely unusual and therefore climactic. I do not […]
Emini end of quarter window dressing, but buy climax
Intraday market update: September 29, 2017
Emini end of quarter window dressing, but buy climax Updated 6:54 a.m. The 2nd bar was a strong bear reversal bar that formed a double top with Wednesday’s all-time high, In addition, yesterday’s rally was weak and therefore probably a bull leg in what will become a trading range. The Emini is now trying to […]
Emini stalling at 2500 Big Round Number despite Republican tax reform
Intraday market update: September 28, 2017
Emini stalling at 2500 Big Round Number despite Republican tax reform Updated 6:42 a.m. Yesterday was a big range day that opened and closed in the middle. The Emini opened today in the middle of yesterday’s range. The odds are against a big move above or below yesterday’s range. Furthermore, today has an increased chance […]
Emini buy climax awaiting catalyst for 100 point correction
Intraday market update: September 27, 2017
Emini buy climax awaiting catalyst for 100 point correction Updated 6:45 a.m. The Emini opened with a big gap above yesterday’s close and 2500, and a small gap above yesterday’s high. Since the 1st 2 bars were bull bars, the Emini is Always In Long. This reduces the chances of a bear trend day. Because […]
Emini testing August high breakout point but possible 5% correction
Intraday market update: September 26, 2017
Emini testing August high breakout point but possible 5% correction Updated 6:45 a.m. The Emini had follow-through buying on the open. Yesterday was a buy signal bar. By breaking above its high, the bulls therefore triggered the buy signal. Yet, since yesterday was a doji, it is a weak signal bar. In addition, today’s entry […]
Emini buy climax weekly and daily sell signal above 2500
Intraday market update: September 25, 2017
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 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. […]