Emini weekly buy signal bar but at resistance I will update again at the end of the day. Pre-Open market analysis Last week was a bull doji doji inside bar on the weekly chart. Since it followed a strong 4 week rally, last week is a buy signal bar on the weekly chart. But, it […]
Emini weekly buy signal bar but at resistance
Emini testing January parabolic wedge buy climax high
Weekend market update: January 26, 2019
Market Overview: The Emini daily chart has rallied for 5 weeks in a parabolic wedge buy climax. It is now in a resistance zone. Traders are deciding whether there will be one more small leg up before beginning a test of last February’s low and 2,500. The 30 year bond futures daily chart is completing […]
4 day pullback from Emini parabolic wedge buy climax
Intraday market update: Friday January 25, 2019
4th day in pullback from Emini parabolic wedge buy climax I will update again at the end of the day. Pre-Open market analysis Yesterday was a trading range day and an inside day. It is the 3rd bar in a tight trading range after a parabolic wedge buy climax. Traders are deciding whether a 2 […]
Emini Endless Pullback after January parabolic wedge rally
Intraday market update: Thursday January 24, 2019
Emini Endless Pullback after January parabolic wedge rally I will update again at the end of the day. Pre-Open market analysis The Emini sold off on the open yesterday. It then reversed up from below the prior day’s low. However, it closed with a bear body on the daily chart. In addition, it mostly overlapped […]
Emini endless pullback from parabolic wedge buy climax
Intraday market update: Wednesday January 23, 2019
Emini endless pullback from parabolic wedge buy climax I will update again at the end of the day. Pre-Open market analysis As I said before yesterday’s open, there is a parabolic wedge buy climax on the daily chart. It most often leads to an Endless Pullback. This is a small bull flag that keeps adding […]
Emini parabolic buy climax testing top of December sell climax
Intraday market update: Tuesday January 22, 2019
Emini parabolic buy climax testing top of December sell climax I will update again at the end of the day. Pre-Open market analysis The Emini has rallied strongly in a tight bull channel for 4 weeks. There are 3 legs up in the channel. This is therefore a parabolic wedge buy climax. The Emini is […]
Emini ioi Breakout Mode setup testing 2018 range bottom
Intraday market update: Monday January 14, 2019
Emini ioi Breakout Mode setup testing 2018 range bottom I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside day on Friday. Thursday was an outside day. This is an ioi inside-outside-inside pattern on the daily chart, which is a Breakout Mode setup. It is both a […]
Emini parabolic wedge buy climax has entered sell zone
Weekend market update: January 12, 2019
Market Overview The Emini rallied strongly for 3 weeks. The daily chart now has a parabolic wedge, and the Emini is in the sell zone on the weekly chart. Traders should expect a pullback over the next week or two, and a trading range for at least another month. The 30 year Bond futures sold […]
Emini outside up day after failed Low 2 top
Intraday market update: Friday January 11, 2019
Emini outside up day after failed Low 2 top I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a Low 2 sell signal on the daily chart. But, the bulls then rallied to above yesterday’s high and created an outside up day. This is a sign of strength. However, […]
Emini rally weakening in sell zone above February low
Intraday market update: Thursday January 10, 2019
Emini rally weakening in sell zone above February low I will update again at the end of the day. Pre-Open market analysis The Emini broke above another resistance level yesterday by going above the December 12 low. Since November was a bull doji on the monthly chart, it was a weak sell signal. Consequently, the […]
