Emini in breakout mode, awaiting central bank interest rate decisions Updated 6:51 a.m. Yesterday had a small range and therefore there is an increased chance of an outside day today. The Emini reversed up from below yesterday’s low on the open. Yet, because of 2 small trading range days, many traders will wait for more […]
Emini in breakout mode, awaiting central bank interest rate decisions
Trump, hurricanes, DACA are inadequate Emini catalysts
Intraday market update: September 7, 2017
Trump, hurricanes, DACA are inadequate Emini catalysts Updated 6:45 a.m. The Emini opened near yesterday’s high, but had small bars. This is therefore a continuation of the 3 hour range at the end of yesterday. Because yesterday is a weak buy signal bar in a 3 month range, the odds are that there will be […]
Al Brooks and Laura Marriage and Honeymoon
Al and Laura are getting married today, Saturday 26 August 2017. After a quiet ceremony with close relatives and friends, Al and Laura will fly off to Europe for their honeymoon. They will be back in the US early September. Given the possibility of a good bear swing on the ES soon, it is quite […]
Emini has begun 5 percent correction down to 2350
Emini weekend update: August 26, 2017
Monthly S&P500 Emini futures candlestick chart:Parabolic wedge buy climax The monthly S&P500 Emini futures candlestick chart has a bear body so far this month. If August trades below the July low, it will be an outside down month. In addition, it is in a 20 month tight bull channel that has had 3 pushes up […]
Trump 150 points S&P500 correction will last 2 months
Intraday market update: August 25, 2017
Trump 150 points S&P500 correction will last 2 months Updated 6:45 a.m. While today gapped above a minor bear trend line, it failed to gap above yesterday’s high. In addition, it began with 3 small doji bars. This is therefore a weak breakout and trading range price action. Consequently, it lowers the probability of a […]
Trump rally probably has evolved into bear channel
Intraday market update: August 24, 2017
Trump rally probably has evolved into bear channel Updated 6:48 a.m. The day began with a doji at yesterday’s high. This increases the chances that today might continue yesterday’s trading range. In addition, since yesterday was a small day, there is an increased chance of an outside down day. Whether or not today goes sideways […]
Emini Labor Day rally in possible 5 percent correction
Intraday market update: August 23, 2017
Emini Labor Day rally in possible 5 percent correction Updated 6:40 a.m. Today opened with a doji bar in the middle of yesterday’s range. This increases the odds that today will be a trading range day that will stay mostly or entirely within yesterday’s range. Yesterday’s big move up and today’s big gap down creates […]
Emini weak bull flag in correction to 2350
Intraday market update: August 22, 2017
Emini weak bull flag in correction to 2350 Updated 6:42 a.m. The Emini gapped above yesterday’s high and began with 2 big bull bars closing on their highs. This is a trend from the open bull trend and there is at least a 60% chance that we have seen the low of the day. The […]
Emini is likely beginning Trump 150 point, 5 percent correction
Intraday market update: August 21, 2017
Emini is likely beginning Trump 150 point, 5 percent correction Updated 6:45 a.m. Friday had a bear channel after a strong rally. The odds favor a bull break above the bear trend line today. In addition, Friday’s rally was strong enough so that its high is a magnet. Therefore, the Emini will probably test that […]
Trump is catalyst for 5 percent S&P500 stock market correction
Emini weekend update: August 19, 2017
Monthly S&P500 Emini futures candlestick chart: Trump is catalyst for 5 percent S&P500 stock market correction after parabolic wedge buy climax The monthly S&P500 Emini futures candlestick chart has had 10 bars where the low of each bar is above the low of the prior bar. This is a bull micro channel. Since it has […]
