Monthly S&P500 Emini futures candlestick chart:Extremely strong breakout, but climactic The monthly S&P500 Emini futures candlestick chart so far has a bull trend bar this month. Yet, this is the 12th consecutive month without a pullback, and therefore the rally is a buy climax. The monthly S&P500 Emini futures candlestick chart has 12 consecutive bars […]
Strong Emini breakout above bull channel after proposed tax reform
Emini strong buy climax, with bulls expecting tax cuts
Intraday market update: October 6, 2017
Emini strong buy climax, with bulls expecting tax cuts Updated 6:45 a.m. Today gapped down to the middle of yesterday’s range. This created a Big Up, Big Down pattern with yesterday. In addition, the 1st bar was a doji. Consequently, the bulls have lost a lot of control. This increases the chances for a trading […]
Parabolic wedge buy climax will soon evolve into trading range
Intraday market update: October 5, 2017
Monthly chart’s parabolic wedge buy climax will soon evolve into trading range Updated 6:54 a.m. The Emini opened at a new high, but began with 2 doji bars. While each of the past 5 days only dipped a little below their opens and then formed strong bull trend days, that is unusual. Therefore it is […]
Growing Emini parabolic buy climax before tax reform
Intraday market update: October 4, 2017
Growing Emini parabolic buy climax before tax reform I will update around 6:52 a.m. The 5 minute chart had a small wedge top at the end of yesterday. That was nested inside of a 2 day wedge. The odds therefore favor some sideways to down trading today. Yet, the wedge bull channel was very tight. […]
Emini bulls want tax reform, creating growing buy climax
Intraday market update: October 3, 2017
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. […]
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 […]