Emini bear rally from sell climax at monthly bull trend line I will update again at the end of the day. Pre-Open market analysis Before the open yesterday, I said that yesterday would probably be a bull trend day. This is because there were 10 consecutive bear bars on the daily chart and that has […]
Emini FOMO rally from sell climax at monthly bull trend line
Emini December stock market crash to monthly bull trend line
Intraday market update: Wednesday December 26, 2018
Emini December stock market crash to monthly bull trend line I will update again at the end of the day. Pre-Open market analysis Monday was the 10th consecutive bear trend bar on the daily chart. This has never happened in the 20 year history of the Emini. It did not even happen in the 50 […]
Emini breakout below 2018 head and shoulders top
Weekend market update: December 22, 2018
Market Overview The 30 year Treasury bond futures monthly chart is in a strong enough bear rally to test the 2017 lower high. However, the nested wedge top and the strong 1st leg down in 2016 make the rally likely to fail. The bond market will probably be in a bear trend for 20 years. […]
Emini sell climax test of February and 2018 low
Intraday market update: Tuesday December 18, 2018
Emini sell climax test of February and 2018 low I will update again at the end of the day. Pre-Open market analysis Yesterday, the Emini bears broke below the February low and formed a new low of the year. It closed slightly above. I wrote over the weekend that the year will probably close above […]
Emini bears will probably not get Christmas bear trend
Intraday market update: Monday December 17, 2018
Emini bears will probably not get Christmas bear trend I will update again at the end of the day. Pre-Open market analysis The Emini sold off on Friday in a bear channel. Last week was a bear bar on the weekly chart and it closed below the prior week’s low. The bears are tyring to […]
Emini in trading range between 2017 close and February low
Weekend market update: December 15, 2018
Overview The lack of consensus over what the market wants to do has resulted in a trading range for the past 2 months. Traders are taking quick profits and are unwilling to bet on a breakout. While the Emini might dip below the February low within a week, it will probably end the year in […]
Emini Low 1 bear flag sell signal triggered on Thursday
Intraday market update: Friday December 14, 2018
Emini Low 1 bear flag sell signal triggered on Thursday I will update again at the end of the day. Pre-Open market analysis By going below Wednesday’s low yesterday, the Emini triggered a sell signal on the daily chart. However, the day then went sideways around Wednesday’s low for several hours. Because the day closed […]
Emini weak Christmas rally testing 2017 close
Intraday market update: Thursday December 13, 2018
Emini weak Christmas rally testing 2017 close I will update again at the end of the day. Pre-Open market analysis The Emini rallied in a weak bull channel yesterday. It then reversed down from just below the close of last year. Since it closed near its low, it is a good sell signal bar for […]
Emini weak buy entry bar after test of October low
Intraday market update: Wednesday December 12, 2018
Emini weak buy entry bar after test of October low I will update again at the end of the day. Pre-Open market analysis The Emini had a big gap up yesterday, but sold off in an endless pullback. There was a strong rally from a Final Bear Flag reversal late in the day. It reversed […]
Emini minor reversal up from October low and 2600 Big Round Number
Intraday market update: Tuesday December 11, 2018
Emini minor reversal up from October low and 2600 Big Round Number I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up from below the October low and the 2600 Big Round Number. Because the day closed near its high, it is a reasonable buy signal bar […]
