Monthly S&P500 Emini futures candlestick chart:Small doji after buy climax at resistance The monthly S&P500 Emini futures candlestick chart so far has a small doji bar this month. The monthly S&P500 Emini futures candlestick chart had a big bull trend bar last month. This month’s doji is therefore bad follow-through buying. In addition, the monthly […]
FOMC Fed interest rate hike will lead to 5% correction
Weak Trump rally resumption after Fed interest rate hike
Intraday market update: March 17, 2017
Weak Trump rally resumption after Fed interest rate hike Updated 6:46 a.m. The bears created a big bear trend bar on the open. This increased the chances that the Emini is beginning a 2nd leg down from Wednesday’s buy climax. Yet, the 60 minute moving average is strong support. The bears therefore need strong selling […]
FOMC Fed interest hike rally testing all-time high
Intraday market update: March 16, 2017
FOMC Fed interest hike rally testing all-time high Updated 6:46 a.m. Today opened with a doji bar in the middle of yesterday’s reversal. This is a trading range open and it increases the odds that the trading range after yesterday’s buy climax has begun. Furthermore, it increases the odds that today will be a trading […]
March FOMC Fed interest rate hike is breakout catalyst
Intraday market update: March 15, 2017
March FOMC Fed interest rate hike is breakout catalyst Updated 6:48 a.m. The Emini gapped up, but reversed down on the open. The bears therefore want a trend from the open near trend. Yet the bear bars were not big, and they were testing the support of yesterday’s high and the 60 minute moving average. […]
March FOMC Fed rate hike tomorrow is stock market catalyst
Intraday market update: March 14, 2017
March FOMC Fed rate hike tomorrow is stock market catalyst Updated 6:58 a.m. The Emini opened with a small gap down, but reversed up on the 2nd bar. Yet, the reversal did not immediately close the gap. Hence, the bears were disappointed by a small gap down and bad follow-through. In addition, the bulls were […]
Trump rally might end with March FOMC rate hike
Intraday market update: March 13, 2017
Trump rally might end with March FOMC rate hike Updated 6:55 a.m. Last week was a High 1 buy signal bar on the weekly chart, and its high is only about 5 points above. The Emini will probably test above it this week, and possibly early today. After a 7 day bear micro channel on […]
March FOMC Fed interest rate hike stopping Trump rally
Emini weekend update: March 11, 2017
Monthly S&P500 Emini futures candlestick chart:Buy climax at the Final Bull Flag measured move targets and the 2400 Big Round Number The monthly S&P500 Emini futures candlestick chart has a doji bar so far this month. Last month was a buy climax at measured move targets and the 2400 Big Round Number. The monthly S&P500 […]
Trump rally ending with FOMC Fed rate hike
Intraday market update: March 10, 2017
Trump rally ending with FOMC Fed rate hike Updated 6:40 a.m. While today reversed down on the 1st bar after a big gap up, yesterday was a strong reversal up from a failed breakout below a 7 day bear channel. Therefore, the bulls will probably get 2 legs up. Hence, the odds are against a […]
Oversold, but likely 5% correction to down 20,000 and December 2016 close within 2 months
Intraday market update: March 9, 2017
Likely 5% correction to down 20,000 and December 2016 close Updated 6:53 a.m. Yesterday tested yesterday’s low and reversed up. The Emini is Always In Long. In addition, after a 7 day bear micro channel on the daily chart it is oversold. Hence, the odds are that it will go above the prior day’s high […]
Probable Fed interest rate hike correction after buy climax
Intraday market update: March 8, 2017
Probable Fed interest rate hike correction after buy climax Updated 6:52 a.m. The Emini opened in the middle of yesterday’s range and reversed up from a pullback to the moving average. This Opening Reversal was strong enough to make the low a likely low of the day. Yet, the bulls need a strong breakout above […]
