Emini is hesitating after Fed Chair Powell announced rate hikes Updated 6:40 a.m. The Emini gapped down and began with a weak bull bar. The bears was a continuation of yesterday’s selloff. However, since today will probably not be a strong bear day, an early 1 – 2 hour selloff will then probably reverse up. […]

Emini follow-through selling after wedge lower high major trend reversal Updated 6:42 a.m. The bears broke below yesterday’s low on the open. Yet, the odds favor a trading range that starts within 2 hours. There is only a 25% chance of another strong bear trend day. Consequently, this early selloff will probably reverse up within […]

Updated 6:43 a.m. The Emini gapped up above the moving average on the open. This is a moving average gap bar. Consequently, if there is a selloff down to yesterday’s low, there will probably be a major trend reversal attempt. Since yesterday was a big outside day, there is an increased chance of today being […]

Emini wedge lower high major trend reversal in strong rally Updated 6:45 a.m. Yesterday had a series of buy climaxes. That increases the odds for exhaustion. An exhausted bull trend typically evolves into a trading range. The early bear bars today are a sign that the bull trend is weakening. They increase the odds of […]

Emini is in breakout mode on the daily and weekly charts Updated 6:55 a.m. The Emini gapped up on the daily and weekly charts and rallied on the open. However, the early bear bar was a sell signal for a possible high of the day. The bull entry bar created confusion. While the Emini is […]

Emini is in Breakout mode on the daily and weekly charts Updated 6:45 a.m. The Emini broke above yesterday’s bear channel, but immediately stalled at all of the resistance around the open of the week. It is a trading range open in the middle of a 4 day trading range, and in a cluster of […]

Emini weak bull flag in developing trading range Updated 6:41 a.m. The Emini opened with a big gap up and a strong bull bar. However, it needs to break strongly above the February 7 lower high, which is around the 60 minute moving average and the top of yesterday’s sell climax. More likely, today will […]

Emini rally stalling at resistance and from Mueller’s investigation Updated 6:42 a.m. The Emini broke above yesterday’s bear channel on the open and is above both the 5 and 60 minute 20 bar EMAs. Yesterday was an expanding triangle, and the bulls have a strong reversal up on the open. They hope this rally will […]

Emini strong bull trend resumption entering sell zone Updated 6:51 a.m. The Emini reversed up from yesterday’s low and the 60 minute EMA on the open. The bulls want a double bottom and a break above yesterday’s lower high, which is the neck line. A measured move up from there would break above last week’s […]