Trump impeachment risk is catalyst for 5% correction Updated 6:48 a.m. The Emini reversed up from below yesterday’s low on the open. In addition, the 1st selloff failed and created a small double bottom. The bears want this reversal to fail, like yesterday. Yet, it is a reversal up from below a bear channel as […]

5 percent correction after Trump impeachment talks Updated 6:52 a.m. The Emini began with a big gap down to the bottom of the 3 week wedge rally. Yet, the 1st 2 bars were bull bars and the 1st one was strong. This therefore creates confusion. Hence, a trading range for the 1st hour or so […]

Trump rally breakout of 2400 should fail within 2 weeks Updated 6:52 a.m. The Emini reversed down from above yesterday’s high and is Always In Short. Yet, the bulls want an opening reversal up from the moving average. They need a strong break to a new high of the day. At the moment, the best […]

Comey firing ending Trump rally around 2400 big round number Updated 6:53 a.m. The Emini gapped above Friday’s high and opened with a big bull trend bar. Yet, the second bar was a bear doji and therefore the follow-through buying was bad. Hence, this is a continuation of the 4 weeks of trading range price […]

Emini exhaustive buy climax at 2400 big round number Updated 6:52 a.m. Since yesterday had a bull breakout around 9 a.m. and then a bull channel, it formed a spike and channel bull trend. Traders therefore expect that channel to evolve into a trading range. The bulls will try to reverse up from this area. […]

Emini all time high 2400 breakout despite Trump firing Comey Updated 6:52 a.m. The Emini sold off in a series of strong bear bars on the open. It triggered the sell signal on the daily chart, and is Always In Short. The odds are that today will be a bear trend day. It probably will […]

Emini all time high and testing 2400 Big Round Number Updated 6:52 a.m. Yesterday ended with a Big Down, Big up reversal after a wedge bear channel. The odds favor a breakout above that channel today and then either a trading range or a swing up. Because yesterday was a sell signal bar on the […]

Emini breakout above 2400 round number and all-time high Updated 6:49 a.m. The Emini broke to a new all-time high on the open. Yet, most of the past 10 days had an early selloff. Furthermore, most had early trading range price action and most were trading range days. Since the first several bars today look […]

Breakout above April stock market high leading to correction Updated 6:47 a.m. The Emini reversed down from 1 tick below Friday’s high, which was a perfect double top with the March 1 all-time high. Friday’s rally was also parabolic. Yet today’s 1st bar created a Big Down move after a Big Up Move. This creates […]