Emini bear flag but higher low and possible triangle I will update again at the end of the day. Pre-Open market analysis The Emini reversed up slightly on Friday at the end of a strong down week. The bulls hope that last Tuesday and Thursday formed a successful micro double bottom, and that the Emini […]
Emini bear flag but higher low and possible triangle
Emini strong Christmas rally unlikely in 2018
Weekend Market Update: November 24, 2018
Market Overview The Emini has sold off over the past 2 weeks from a double top bear flag on the daily chart. It is now near the October 29 neck line of the double top. After falling a little more to support, it will probably reverse up for a few weeks from there or around […]
Emini adage says Thanksgiving belongs to the bears
Intraday market update: Wednesday November 21, 2018
Emini adage says Thanksgiving belongs to the bears I will update again at the end of the day. Pre-Open market analysis There is an old-timer’s stock market and therefore Emini adage that says Thanksgiving belongs to the bears and Christmas belongs to the bulls. I bring it up because it is part of stock market […]
Emini weak sell signal testing October sell climax low
Intraday market update: Tuesday November 20, 2018
Emini weak sell signal testing October sell climax low I will update again at the end of the day. Pre-Open market analysis By falling below Friday’s low, the Emini triggered a sell signal on the daily chart. But, Thursday and Friday were big bull days. Therefore, Friday is a low probability sell signal bar. Consequently, […]
Emini head and shoulders bottom but bear micro channel
Intraday market update: Monday November 19, 2018
Emini head and shoulders bottom but bear micro channel I will update again at the end of the day. Pre-Open market analysis By going above Thursday’s high, Friday triggered a buy signal on the daily chart. However, there is a 7 bar bear micro channel and Friday was the 1st pullback. Typically, the rally will […]
Emini indecision with double top and head and shoulders bottom
Emini weekend update: November 17, 2018
Market Overview: The stock market is in the middle of a 2 month trading range. That range is in the middle of a yearlong trading range. While the bulls are hoping for a yearend rally to a new all-time high, the October selloff was strong. The range will probably continue for at least a few […]
Emini buy signal bar for November head and shoulders bottom
Intraday market update: Friday November 16, 2018
Emini buy signal bar for November head and shoulders bottom I will update again at the end of the day. Pre-Open market analysis As I said before yesterday’s open, yesterday was likely to form an early low of the day. The day closed on its high and it is a buy signal bar for a […]
Emini bad sell signal bar on weekly chart
Intraday market update: Thursday November 15, 2018
Emini bad sell signal bar on weekly chart I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above Monday’s bear channel on the open, but sold off in a bear trend from the open. After closing a gap on the daily chart and reversing up from below […]
Emini selloff testing 2017 close and October 11 low
Intraday market update: Wednesday November 14, 2018
Emini selloff testing 2017 close and October 11 low I will update again at the end of the day. Pre-Open market analysis Since late October, I have been saying that the Emini would test the October 17 major lower high and stall. In addition, I mentioned that it might pull back 50% to the October […]
Emini strong late October reversal after parabolic wedge sell climax
Emini weekend update: November 10, 2018
Market Overview for the week of November 12, 2018 Stock Market: Strong rally to middle of yearlong trading range The Emini monthly chart is in a bull trend, but the February and October selloffs were unusually strong. Furthermore, they followed the most extreme buy climax in the 100 year history of the stock market. Therefore, […]
