Earnings and North Korea’s nuclear program are catalysts for correction Updated 6:46 a.m. The Emini gapped back below the 60 minute moving average and into yesterday’s 4 hour trading range. In addition, it broke below yesterday’s bull channel. Finally, it pulled back to the middle of yesterday’s range, and yesterday had a big range. These […]

Testing March 27 double top neckline for 5 percent correction Updated 6:49 a.m. The Emini gapped up after a nested wedge bottom on the 60 minute chart. Yet, the 1st 2 bars were moving average gap bars in a bear trend. The bears therefore hope that the Emini is forming an early high of the […]

Trump rally resumption, but 5 percent correction underway Updated 6:47 a.m. While today reversed up from below yesterday’s low, there is still room to the bottom of the 60 minute wedge bull flag. Hence, the bulls need a strong rally to break free of that magnet. If they do not get it, the odds are […]

Emini tight trading range failed bear breakout Updated 6:44 a.m. Today opened in the middle of yesterday’s 4 hour expanding triangle. The 1st bars had big tails. Limit order bulls and bears made money. These factors increase the chances that today will again have a lot of trading range trading. Yesterday was a buy signal […]

Emini bear rally in 5 percent correction to December close Updated 6:53 a.m. Today began with a trend from the open bear trend. The selloff was strong enough to make either a trading range day or a bear trend day likely. The odds are therefore against a bull trend day. Because the Emini has been […]

Early Emini bear trend but April is seasonally bullish Updated 6:55 a.m. The Emini rallied on the open and is Always In Long. Yet, the bulls need a strong break above the 3 day tight trading range. Otherwise, this is just a rally in the range. Traders are now choosing between a bull trend day […]

Stock market sell climax reversal after senate nuclear option Updated 6:58 a.m. The Emini opened in the middle of yesterday’s range, but rallied on the open. Yet limit order bears made money and the Emini reversed down from the 60 minute moving average. While there are weekly magnets above, the bulls need another reversal up […]

Emini wedge bear flag after FOMC minutes Updated 6:59 a.m. The bears got an opening reversal down from the moving average. Yet, they need follow-through selling if today is going to be a strong bear day. More likely, today will begin with a trading range. If there is a selloff, it will probably reverse up […]