Emini parabolic buy climax testing top of December sell climax I will update again at the end of the day. Pre-Open market analysis The Emini has rallied strongly in a tight bull channel for 4 weeks. There are 3 legs up in the channel. This is therefore a parabolic wedge buy climax. The Emini is […]
Emini parabolic buy climax testing top of December sell climax
Emini ioi Breakout Mode setup testing 2018 range bottom
Intraday market update: Monday January 14, 2019
Emini ioi Breakout Mode setup testing 2018 range bottom I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside day on Friday. Thursday was an outside day. This is an ioi inside-outside-inside pattern on the daily chart, which is a Breakout Mode setup. It is both a […]
Emini parabolic wedge buy climax has entered sell zone
Weekend market update: January 12, 2019
Market Overview The Emini rallied strongly for 3 weeks. The daily chart now has a parabolic wedge, and the Emini is in the sell zone on the weekly chart. Traders should expect a pullback over the next week or two, and a trading range for at least another month. The 30 year Bond futures sold […]
Emini outside up day after failed Low 2 top
Intraday market update: Friday January 11, 2019
Emini outside up day after failed Low 2 top I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a Low 2 sell signal on the daily chart. But, the bulls then rallied to above yesterday’s high and created an outside up day. This is a sign of strength. However, […]
Emini rally weakening in sell zone above February low
Intraday market update: Thursday January 10, 2019
Emini rally weakening in sell zone above February low I will update again at the end of the day. Pre-Open market analysis The Emini broke above another resistance level yesterday by going above the December 12 low. Since November was a bull doji on the monthly chart, it was a weak sell signal. Consequently, the […]
Emini January rally in sell zone despite buying pressure
Intraday market update: Wednesday January 9, 2019
Emini January rally in sell zone despite buying pressure I will update again at the end of the day. Pre-Open market analysis The Emini again reversed up at the February low yesterday. The bulls want the 3 week rally to continue to a new all-time high. Even if that were to happen, there will probably […]
Emini now in sell zone at resistance of the February low
Intraday market update: Tuesday January 8, 2019
Emini now in sell zone at resistance of the February low I will update again at the end of the day. Pre-Open market analysis Yesterday rallied strongly on the open to close back above the February low. Back on December 24 at the bear low, I said this was likely to happen. But, I said […]
Emini triggered weekly buy signal but still likely bear rally
Intraday market update: Monday January 7, 2019
Emini triggered weekly buy signal but still likely bear rally I will update again at the end of the day. Pre-Open market analysis Last week broke above and closed above the high of the week before. That triggered a buy signal on the weekly chart. However, there is resistance around the February and October lows […]
Strong Emini rally testing February and October lows
Weekend market update: January 5, 2019
Market Overview The Emini reversed up strongly over the past 2 weeks. On December 24, I said that there would probably be a rally that would be strong enough to make traders wonder if the bull trend has resumed. The rally probably will go higher, but it is still likely just a strong bull leg […]
Emini pullback from strong December sell climax reversal
Intraday market update: Friday January 4, 2019
Emini pullback from strong December sell climax reversal I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open, but then formed a big trading range day. The selloff was in a bear channel, which is a bull flag. The odds favor a bull breakout of the […]
