Emini stock market crash on 5 minute chart Updated 6:38 a.m. The Emini reversed up from below yesterday’s low, and yesterday’s sell climax was extreme. The odds are that the Emini will rally to above the final sell climax high at around 2700 by the end of the week. Because yesterday was a huge sell […]
Emini stock market crash on 5 minute chart
Emini double top leading to 5% correction
Intraday market update: February 5, 2018
Emini double top leading to 5% correction Updated 6:44 a.m. The Emini opened with a big gap down, but it had a strong bull bar. This reduces the chances of a big bear trend day. In addition, it increases the odds that a 2 hour sideways to up move will begin in the 1st hour. […]
Trump rally beginning 5% correction over Fed fears
Emini weekend update: February 3, 2018
Monthly S&P500 Emini futures candlestick chart: Pullback from buy climax The monthly S&P500 Emini futures candlestick chart had an exceptionally big bull bar last month. Since it is late in a strong bull trend, it is a buy climax. The odds favor a 1 – 3 month pullback (bull flag). This month so far is […]
Likely start of Emini 5% correction after buy climax
Intraday market update: February 2, 2018
Likely start of Emini 5% correction after buy climax Updated 6:45 a.m. The Emini gapped down and is between important support and resistance. Consequently, it might test both today. The 20 day EMA below is at the 2800 Big Round Number. Yesterday’s low and last week’s low are just above. The 1st 2 bars had […]
Stock market January barometer is strong, but 5% correction soon
Intraday market update: February 1, 2018
Stock market January barometer is strong, but 5% correction soon Updated 6:40 a.m. Today gapped down to around yesterday’s low, despite yesterday’s strong reversal up into the close. The bulls want a higher low major trend reversal after yesterday’s lower low major trend reversal. Because there was a strong selloff yesterday and then a strong […]
Emini profit-taking after parabolic wedge buy climax and before Trump testimony
Intraday market update: January 31, 2018
Emini profit-taking after parabolic wedge buy climax and before Trump testimony Updated 6:48 a.m. Today gapped above yesterday’s triangle, but not above yesterday’s high. The bulls want to close the gap below Monday’s low. Yet, unless the rally reaches a new all-time high, the bears will sell it. They want to create a lower high […]
Emini profit taking and 5% correction after strong January barometer?
Intraday market update: January 30, 2018
Emini profit taking and 5% correction after strong January barometer? Updated 6:38 a.m. The Emini opened with a big gap down to around the bottom of the 6 day range. The 1st bar was a strong bull bar. It therefore is a possible low of the day. When the Emini opens at support in a […]
Emini rallying on Davos and ignoring Trump’s Mueller testimony
Intraday market update: January 29, 2018
Emini rallying on Davos and ignoring Trump’s Mueller testimony Updated 6:47 a.m. The Emini opened with a big gap down. This created a Big Up, Big Down pattern with Friday. That therefore increases the odds of an early trading range. There was a gap between the high of the 1st bar and the moving average. […]
Emini parabolic wedge buy climax ahead of Trump’s Mueller testimony
Emini weekend update: January 27, 2018
Monthly S&P500 Emini futures candlestick chart:Blow-off top The monthly S&P500 Emini futures candlestick chart has the biggest bull trend bar in more than 20 bars so far this month. In addition, there has been no pullback below a prior month’s low in 14 months. The monthly S&P500 Emini futures candlestick chart is in a strong […]
Emini pausing for Trump at Davos and for Mueller testimony
Intraday market update: January 26, 2018
Emini pausing for Trump at Davos and for Mueller testimony Updated 6:47 a.m. Today triggered the buy signal on the daily chart by going above yesterday’s high. Yet, the breakout immediately pulled back. After 3 sideways days, the odds favor more sideways trading today, and the Emini is at the top of the 4 day […]
