Emini sell climax test of February and 2018 low I will update again at the end of the day. Pre-Open market analysis Yesterday, the Emini bears broke below the February low and formed a new low of the year. It closed slightly above. I wrote over the weekend that the year will probably close above […]
Emini sell climax test of February and 2018 low
Emini bears will probably not get Christmas bear trend
Intraday market update: Monday December 17, 2018
Emini bears will probably not get Christmas bear trend I will update again at the end of the day. Pre-Open market analysis The Emini sold off on Friday in a bear channel. Last week was a bear bar on the weekly chart and it closed below the prior week’s low. The bears are tyring to […]
Emini in trading range between 2017 close and February low
Weekend market update: December 15, 2018
Overview The lack of consensus over what the market wants to do has resulted in a trading range for the past 2 months. Traders are taking quick profits and are unwilling to bet on a breakout. While the Emini might dip below the February low within a week, it will probably end the year in […]
Emini Low 1 bear flag sell signal triggered on Thursday
Intraday market update: Friday December 14, 2018
Emini Low 1 bear flag sell signal triggered on Thursday I will update again at the end of the day. Pre-Open market analysis By going below Wednesday’s low yesterday, the Emini triggered a sell signal on the daily chart. However, the day then went sideways around Wednesday’s low for several hours. Because the day closed […]
Emini weak Christmas rally testing 2017 close
Intraday market update: Thursday December 13, 2018
Emini weak Christmas rally testing 2017 close I will update again at the end of the day. Pre-Open market analysis The Emini rallied in a weak bull channel yesterday. It then reversed down from just below the close of last year. Since it closed near its low, it is a good sell signal bar for […]
Emini weak buy entry bar after test of October low
Intraday market update: Wednesday December 12, 2018
Emini weak buy entry bar after test of October low I will update again at the end of the day. Pre-Open market analysis The Emini had a big gap up yesterday, but sold off in an endless pullback. There was a strong rally from a Final Bear Flag reversal late in the day. It reversed […]
Emini minor reversal up from October low and 2600 Big Round Number
Intraday market update: Tuesday December 11, 2018
Emini minor reversal up from October low and 2600 Big Round Number I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up from below the October low and the 2600 Big Round Number. Because the day closed near its high, it is a reasonable buy signal bar […]
Emini outside down week just above February low
Intraday market update: Monday December 10, 2018
Emini outside down week just above February low I will update again at the end of the day. Pre-Open market analysis After Thursday’s big rally, Friday was a big bear trend day. It is a sell signal bar for today, but it is at the bottom of a 7 week trading range. The bears have […]
Emini sell vacuum test of 2017 close
Weekend market update: December 8, 2018
Market Overview The Emini has oscillated around last year’s close all year, and it therefore is a very important price. Friday was a big bear day and last week was an outside down week. But, trading ranges resist breaking out. Therefore, the year probably will end up closing within the year’s trading range, either a […]
Emini outside down week testing November low
Intraday market update: Friday December 7, 2018
Emini outside down week testing November low I will update again at the end of the day. Pre-Open market analysis By breaking below last week’s low, the Emini turned this week into an outside down week. The Emini reversed up yesterday from below last week’s low and last month’s low. Because yesterday was a big […]
