Emini strong reversal up to 2800 after gap test I will update again at the end of the day. Pre-Open market analysis I wrote before yesterday’s open that the wedge bottom on the 60 minute chart would probably lead to a rally yesterday. The reversal up was from a test of the February 12 gap. […]
Emini strong reversal up to 2800 after gap test
Emini outside down week at 2800 is sell signal bar
Intraday market update: Monday March 11, 2019
Emini outside down week at 2800 is sell signal bar I will update again at the end of the day. Pre-Open market analysis Last week was an outside down week on the weekly chart. It turned down from the 2800 Big Round Number and the October-November-December triple top. The odds favor at least a 2 […]
Weekly Emini big outside down week after buy climax at 2800
Weekend market update: March 9, 2019
Market Overview The Emini formed a big outside down week this week. After 10 weeks without a pullback, this selloff will probably end within a couple more weeks. The daily crude oil chart is forming a bull flag. A rally from here would be a 3rd leg up. That would be a wedge buy climax […]
Emini outside down week is starting pullback
Intraday market update: Friday March 8, 2019
Emini outside down week is starting pullback I will update again at the end of the day. Pre-Open market analysis During yesterday’s strong selloff, I said that there would probably be a reversal up yesterday or today. Yesterday’s early reversal failed, but the bulls will likely try again today. This is because this week is […]
Emini profit taking at 2800 and triple top
Intraday market update: Thursday March 7, 2019
Emini profit taking at 2800 and triple top I will update again at the end of the day. Pre-Open market analysis Yesterday sold off, but held just above Monday’s low and last week’s low. The bulls hope that the selloff was a test of those lows. They therefore want a micro double bottom on the […]
Emini has ioi breakout mode pattern near 2800
Intraday market update: Wednesday March 6, 2019
Emini has ioi breakout mode pattern near 2800 I will update again at the end of the day. Pre-Open market analysis After Monday being a huge outside day that closed in its middle, yesterday was likely to be an inside day. And it was. An inside day after an outside day creates an ioi (inside-outside-inside) […]
Emini outside down week in 10 week bull micro channel
Intraday market update: Tuesday March 5, 2019
Emini outside down week in 10 week bull micro channel I will update again at the end of the day. Pre-Open market analysis Yesterday traded above Friday’s high and above last week’s high. It sold off below Friday’s low and last week’s low. Therefore, yesterday was an outside down bar on the daily chart. In […]
Emini 9 week bull bar streak converting into small pullback
Intraday market update: Monday March 4, 2019
Emini 9 week bull bar streak converting into small pullback I will update again at the end of the day. Pre-Open market analysis On the weekly chart, the bears finally got their 1st bear bar after a streak of 9 consecutive bull bars. In the 20 year history of the Emini, there have been many […]
Weekly End of streak of 9 weekly Emini bull bars
Weekend market update: March 2, 2019
Market Overview The Emini began to pull back this week after a parabolic wedge buy climax on the daily chart. It is at the resistance of the October-November-December triple top and 2800. The streak of 9 consecutive bull bars on the weekly chart ended as well. Traders should expect 2 – 3 weeks of sideways […]
Emini streak might reach 10 consecutive weeks up
Intraday market update: Friday March 1, 2019
Emini streak might reach 10 consecutive weeks up I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of March. January and February were strongly bullish. The bulls want the rally to continue throughout March. Today is also the last day of the week. The 2808.00 open […]
