Emini island bottom reversal up to 2800 by May I will update again at the end of the day Pre-Open market analysis The Emini sold off early yesterday and then reversed up. It then spent most of the day going sideways. While the bulls hope for a series of bull days with higher lows and […]
Emini island bottom reversal up to 2800 by May
Emini island bottom and measuring gap for test of 2800
Intraday market update: April 18, 2018
Emini island bottom and measuring gap for test of 2800 I will update again at the end of the day Pre-Open market analysis The Emini gapped up yesterday and created a month-long island bottom. When there is a successful breakout, the Emini often goes sideways for a few days before resuming up. Therefore, a few […]
Emini weak bull breakout of triangle on strong earnings reports
Intraday market update: April 17, 2018
Emini weak bull breakout of triangle on strong earnings reports I will update again at the end of the day Pre-Open market analysis The Emini had a weak bull trend yesterday. However, the rally broke above the top of the 4 week trading range. A weak rally can still lead to a big bull trend […]
Emini had outside down reversal from the 2017 close
Intraday market update: April 16, 2018
Emini had outside down reversal from the 2017 close I will update again at the end of the day Pre-Open market analysis The Emini reversed down on the open on Friday from a breakout above the top of the 3 week range. In addition, it failed to hold above the 2017 close. Both are resistance […]
Emini bulls want measured move up and bears want Leg 1 = Leg 2 down
Emini weekend update: April 14, 2018
Monthly S&P500 Emini futures candlestick chart:Trying to resume up after a 3 month pullback The monthly S&P500 Emini futures candlestick chart so far this month is a bull reversal bar. The odds favor a resumption of the strong bull trend either this month or next. Yet, the 20 month exponential moving average (EMA) is a […]
Emini breakout attempt above triangle as earnings season begins
Intraday market update: April 13, 2018
Emini breakout attempt above triangle as earnings season begins I will update again at the end of the day Pre-Open market analysis The Emini gapped up above Wednesday’s close and rallied yesterday, but then went sideways. The bulls are trying to break above the 3 week trading range. However, the bears are trying to get […]
Emini in breakout mode awaiting Russia’s response to Syrian bombing
Intraday market update: April 12, 2018
Emini in breakout mode awaiting Russia’s response to Syrian bombing I will update again at the end of the day Pre-Open market analysis Yesterday was the second consecutive trading range day and a doji inside day. While it is at the top of a 3 week trading range, it is a weak sell signal bar. […]
Emini pausing at resistance while Trump decides on Syria attack
Intraday market update: April 11, 2018
Emini pausing at resistance while Trump decides on Syria attack Updated 6:45 a.m. Today opened just above yesterday’s low. Since yesterday was at the top of a 3 week trading range, it is a sell signal bar, even though it had a bull body. Therefore, the Emini today might have to go below yesterday’s low. […]
Emini in breakout mode awaiting Trump’s response to Syria and China
Intraday market update: April 10, 2018
Emini in breakout mode awaiting Trump’s response to Syria and China Updated 6:41 a.m. The Emini had a big gap up. It opened within the 3 hour trading range that formed at yesterday’s high. The odds are that it will be sideways for the 1st hour until it gets closer to the EMA, and then […]
Emini correction continuing during Trump’s trade war with China
Intraday market update: April 9, 2018
Emini correction continuing during Trump’s trade war with China Updated 6:43 a.m. The Emini gapped up. Resistance above is at the top of Friday’s sell climax around 2636. That is also near the open of the month and the 60 minute EMA. Support below is at Friday’s close and the EMA. Since Friday ended with […]