September FOMC report at Emini 2500 big round number Updated 6:56 a.m. The Emini began with a 2nd failed breakout above yesterday’s high. It is Always In Short. Since yesterday’s range was small, today has an increased chance of becoming an outside down day. Because ever trend up or down over the past week has […]

Emini failed 2500 breakout before FOMC announcement I will update around 6:46 a.m. Today began with a reversal down from yesterday’s high. Yesterday was a bull doji day on the daily chart after 5 strong bull days. Today will probably be weaker still. This means that today will probably have a bear body. Therefore, it […]

Emini testing 2500 big round number before FOMC interest rate announcement Updated 7:00 a.m. Today began with a bear doji that dipped back below 2500. Yet, the next bars were bull bars, and the gap remained open. Although this is a Buy The Close open, the bulls lacked consecutive big bull bars. Hence, the odds […]

Emini all time high profit taking before FOMC meeting Updated 6:44 a.m. The Emini opened in the middle of the 3 day tight range. Yet, this is a lot of bars in a tight range so therefore the odds favor a bigger range today. There are magnets above (2500) and below (2486.75), and the Emini […]

Emini all-time high, awaiting FOMC interest rate announcement Updated 6:55 a.m. The Emini opened near yesterday’s low, and with consecutive bear bars. This makes a bull trend day unlikely. In addition, after 3 bull days, each getting weaker, today will probably be a trading range day or a small bear day. Another bull day is […]

FOMC next week is more important to Emini traders than hurricanes Updated 6:40 a.m. The Emini opened within yesterday’s range. In addition, yesterday was a trading range day. Finally, after 2 bull days in a broad bull channel, the odds are that today will be a disappointing day for the bulls. Therefore, the odds are […]

Emini gapped up but need follow through buying Updated 6:45 a.m. The Emini gapped up and began with consecutive bull bars, like yesterday. Yet, the gap and bars were smaller today. In addition, yesterday’s 40 bar tight trading range is a magnet. Therefore, the bears will look to sell a failed breakout above yesterday’s high. […]

Emini awaiting central bank interest rate guidance Updated 6:46 a.m. The Emini opened with a big gap up and consecutive strong bull bars. It is Always In Long. This is a strong enough open to make a bear trend day unlikely. Therefore today will probably be either a bull trend day or mostly a trading […]