Trump, North Korea, Iran, Congress, and earnings are catalysts Updated 6:54 a.m. The Emini broke to a new all-time high on the open. However, there was selling above prior highs last week, and that therefore increases the chance of an early reversal down today. There is a measured move target on the daily chart at […]
Trump, North Korea, Iran, Congress, and earnings are catalysts
Emini October earnings season pullback below 2500
Emini weekend update: October 14, 2017
Monthly S&P500 Emini futures candlestick chart:Extremely strong breakout, but climactic The monthly S&P500 Emini futures candlestick chart is in a 12 bar bull micro channel (every low is above the low of the prior bar). This is an extremely strong bull trend, but it is unsustainable and therefore climactic. Every bar on the monthly S&P500 […]
Emini weekly sell signal bar after bad JPM earnings
Intraday market update: October 13, 2017
Emini weekly sell signal bar after bad JPM earnings Updated 6:43 a.m. The Emini gapped above yesterday’s high and to a new all-time high, but sold off on the 1st bar. Since yesterday formed a big wedge bottom, the odds are that there will be at least 2 legs sideways to up today. Therefore, the […]
Emini buy climax waiting for October earnings reports
Intraday market update: October 12, 2017
Emini buy climax waiting for October earnings reports Updated 6:45 a.m. The Emini gapped down below the bull channel. The channel is probably evolving into a trading range. While the bulls tried for an opening reversal up from the 60 minute moving average, the 1st 2 bars were dojis. These are trading range bars. In […]
Emini buy climax going into earning October season
Intraday market update: October 11, 2017
Emini buy climax going into earning October season Updated 6:48 a.m. The Emini began with a doji at yesterday’s close. This is a continuation of yesterday’s 70 bar tight trading range. The bears want a wedge lower high after yesterday’s initial selloff. They then want a bear break below the wedge bull channel and a […]
Emini bull flag after early October buy climax
Intraday market update: October 10, 2017
Emini bull flag after early October buy climax Updated 6:59 a.m. The Emini gapped up and had 2 strong bull bars. Yet, the 4th bar was a bear bar closing on its low. The bulls got out below the bar, fearful that this could be a failed breakout to a new all-time high. Traders know […]
Emini bulls want follow-through buying after breakout and buy climax
Intraday market update: October 9, 2017
Emini bulls want follow-through buying after breakout and buy climax Updated 6:53 a.m. The Emini gapped above Friday’s high and therefore triggered a buy signal on the daily chart. However, the gap was small and the next 3 bars were strong bear bars. The Emini is Always in Short, and there is a 50% chance […]
Strong Emini breakout above bull channel after proposed tax reform
Emini weekend update: October 7, 2017
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 […]
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 […]
