Emini January parabolic wedge buy climax should end this week I will update again at the end of the day. Pre-Open market analysis After an early trading range, yesterday entered a Small Pullback Bull Trend. Furthermore, Friday was a pause after a 2 day breakout. The odds favor at least a 1 – 2 day […]
Emini January parabolic wedge buy climax should end this week
Emini buy climax in sell zone above December crash high
Intraday market update: Monday February 4, 2019
Emini buy climax in sell zone above December crash high I will update again at the end of the day. Pre-Open market analysis Most of the trading over the past 2 days has been sideways. Furthermore, traders are deciding if there will be one more small leg up after the strong bull trend days on […]
Weekly Emini January parabolic wedge buy climax testing crash high
Weekend market update: February 2, 2019
Market Overview The Emini reversed up sharply in January. It is now back in the middle of the 2018 trading range. While it will probably go a little higher, traders will look for a test down to 2,500 – 2,600 beginning in February. They will buy the selloff, expecting a 2nd leg up. The crude […]
Emini breakout above December sell climax high
Intraday market update: Friday February 1, 2019
Emini breakout above December sell climax high I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above several important resistance levels yesterday. The first was the December 12 high. That was the top of the December stock market crash. It also broke above the 2017 close, which […]
Emini testing December crash high
Intraday market update: Thursday January 31, 2019
Emini testing December crash high I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly on yesterday’s FOMC announcement. However, it stalled just below the December 12 crash high. I have been writing for weeks that this was an important magnet. The bears want a big double top […]
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Emini has small double bottom and top so Breakout Mode
Intraday market update: Wednesday January 30, 2019
Emini has small double bottom and top so Breakout Mode I will update again at the end of the day. Pre-Open market analysis Yesterday was the 5th consecutive doji day in a 7 day tight trading range, There is both a small double top and double bottom. This is Breakout Mode. The Emini is just […]
Emini buy signal bar after island top
Intraday market update: Tuesday January 29, 2019
Emini buy signal bar after island top I will update again at the end of the day. Pre-Open market analysis The Emini gapped down yesterday and formed a one day island top. But, island tops and bottoms are minor reversals. After trading in a tight range, the bulls got a small late rally. Since it […]
Emini weekly buy signal bar but at resistance
Intraday market update: Monday January 28, 2019
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 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 […]
