Emini end of quarter window dressing and July 4 seasonally bullish Updated 7:00 a.m. The Emini sold off strongly from yesterday’s high. The bears want a strong bear trend day. They they want today to again trigger the sell signal on the weekly chart by falling below last week’s low. Yet, after Tuesday’s wedge bottom, […]
Emini end of quarter window dressing and July 4 seasonally bullish
Emini correcting after Yellen and Trump healthcare failure
Intraday market update: June 28, 2017
Emini correcting after Yellen and Trump healthcare failure Updated 6:47 a.m. While the Emini gapped above a major lower high from yesterday, the follow-through buying was weak. Since yesterday sold off and today gapped up, there is a Big Down, Big Up, Big Confusion open. Therefore, the odds favor a trading range over the 1st […]
Trump’s health care bill and tax reform might disappoint bulls
Intraday market update: June 27, 2017
Trump’s health care bill and tax reform might disappoint bulls Updated 6:55 a.m. Last week is a sell signal bar on the weekly chart. Today’s early selloff is a test of last week’s low. The bears need a strong breakout and follow-through over the next several days if they are going to get a reversal […]
Will the stock market bears get a black swan event?
Intraday market update: June 26, 2017
Will the stock market bears get a black swan event? Updaated 6:51 a.m. The Emini gapped up and had consecutive bull bars. It is therefore Always In Long. Yet, most days over the past month have had a lot of trading range price action. The odds are that this will be the same for today. […]
Trump tax cut and Obamacare repeal as stock market catalysts
Emini weekend update: June 24, 2017
Monthly S&P500 Emini futures candlestick chart:Trump tax cut and Obamacare repeal as stock market catalysts in already strong bull trend The monthly S&P500 Emini futures candlestick chart has been in a strong bull trend for 18 months. It is at a measured move up from the 2014 – 2015 trading range, which will probably be […]
Emini ignoring Trump’s Obamacare repeal plan
Intraday market update: June 23, 2017
Emini ignoring Trump’s Obamacare repeal plan Updated 6:53 a.m. The Emini sold off below yesterday’s low on the open. The bulls want a reversal up. Yet, the channel down from yesterday’s high was tight. Therefore, the 1st rally will probably be minor. Hence, the odds are against a strong trend up for at least an […]
Emini awaiting Trump’s revision of Obamacare health care bill
Intraday market update: June 22, 2017
Emini awaiting Trump’s revision of Obamacare health care bill Updated 6:52 a.m. Today opened in yesterday’s tight trading range. The bulls need a break above a major lower high to convert the 2 day bear channel into a trading range. The bears want a strong break below yesterday’s low to create a measuring gap. They […]
Emini buy climax and failed breakout to new high
Intraday market update: June 21, 2017
Emini buy climax and failed breakout to new high Updated 7:00 a.m. Limit order bulls and bears both made money in the 1st 4 bars. This is an early sign of trading range price action. Furthermore, there were several reversals in the 1st 6 bars. Traders are deciding if the Emini will rally, or selloff […]
New S&P500 all time high, but Nasdaq divergence
Intraday market update: June 20, 2017
New S&P500 all time high, but Nasdaq divergence Updated 6:49 a.m. Yesterday was a spike and wedge channel bull trend. The odds favor a trading range. Furthermore, the odds favor disappointing follow-through for the bulls. Hence, today will probably close below its open and form a bear bar on the daily chart. Since today is […]
Emini bull flag in buy climax after FOMC Fed rate hike
Intraday market update: June 19, 2017
Emini bull flag in buy climax after FOMC Fed rate hike Updated 6:56 a.m. The Emini gapped up on the open to within 4 points of the all-time high. Yet, it formed a small bear doji bar. This one bar is enough to increase the odds of a lot of trading range price action today. […]