Intraday market update: Monday April 1, 2019 I will update again at the end of the day. Pre-Open market analysis On the monthly chart, the Emini has rallied for 3 months. But, the bodies have been shrinking, which indicates a loss of momentum. March had a relatively small range and small body. It therefore increases […]
Emini parabolic wedge climax top and loss of momentum
Market Overview: Weekend Market Update The Emini has a parabolic wedge buy climax at the 2825 resistance level and a loss of momentum. A 2 month pullback is more likely than a continued rally to a new all-time high. The crude oil futures chart is in a Spike and Channel bull trend. There is no […]
Emini buy climax and final trading day in March
Intraday market update: Friday March 29, 2019
Emini buy climax and final trading day in March I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside day yesterday. But, it closed near the high and there is a micro double bottom on the daily chart. Yesterday is therefore a buy signal bar for today. […]
Emini at magnets of March open and low of last week
Intraday market update: Thursday March 28, 2019
Emini at magnets of March open and low of last week I will update again at the end of the day. Pre-Open market analysis As I wrote before yesterday’s open, yesterday was a bad sell signal bar on the daily chart. Although the Emini triggered the sell, it reversed up. The Emini is waiting for […]
Emini weekly and daily sell signal bars after 3 month rally
Intraday market update: Wednesday March 27, 2019
Emini weekly and daily sell signal bars after 3 month rally I will update again at the end of the day. Pre-Open market analysis Since Monday was a weak buy signal bar, there were likely to be more sellers than buyers above Monday’s high. And there were. Although yesterday gapped up, it sold off for […]
Emini weekly sell signal but at 20 day EMA
Intraday market update: Tuesday March 26, 2019
Emini weekly sell signal but at 20 day EMA I will update again at the end of the day. Pre-Open market analysis Yesterday traded below last week’s low and triggered a weekly sell signal. However, the day was a trading range day. Since it closed above its midpoint, it is a buy signal bar for […]
Emini nested buy climaxes above 2825 resistance
Intraday market update: Monday March 25, 2019
Emini nested buy climaxes above 2825 resistance I will update again at the end of the day. Pre-Open market analysis Friday completely reversed Thursday’s rally. Thursday was a buy climax. It followed an 8 bar bull micro channel, which is a bigger buy climax. Both are late in a 3 month buy climax. This is […]
Emini weekly sell signal and daily parabolic wedge top
Weekend market update: March 23, 2019
Market Overview The Emini has been rallying strongly for 3 months. But, there is parabolic wedge buy climax at resistance on the daily chart and a strong sell signal bar on the weekly chart. If the bulls do not resume their rally next week, the odds will begin to favor a 1 – 2 month […]
Yesterday’s strong Emini rally might form micro double top
Intraday market update: Friday March 22, 2019
Yesterday’s strong Emini rally might form micro double top I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong bull trend day. By going above Wednesday’s high, it triggered a buy signal on the daily chart. But, Wednesday had a bear body and therefore was a weak buy […]
Weak Emini High 1 bull flag after March FOMC announcement
Intraday market update: Thursday March 21, 2019
Weak Emini High 1 bull flag after March FOMC announcement I will update again at the end of the day. Pre-Open market analysis Yesterday reversed up on the FOMC announcement, but sold off into the close. By trading below Tuesday’s low, it became the 1st pullback after an 8 bar bull micro channel on the […]
