Monthly S&P500 Emini futures candlestick chart:Extremely strong rally, but at top of bull channel Every low for the past 13 months is above the low of the prior month’s low on the monthly S&P500 Emini futures candlestick chart. This means the bull trend is strong, but it is climactic. The rally is testing the top […]
Trump Emini rally could end with government shutdown
Trump Emini rally awaiting government shutdown vote
Intraday market update: December 22, 2017
Trump Emini rally awaiting government shutdown vote Updated 6:55 a.m. Yesterday was a bear bar and a sell signal bar for a wedge top on the daily chart. It was also a 2nd signal. Yet, the 5 day tight trading range reduces the odds of a successful reversal down today. Traders want to know if […]
Emini traders watching for possible government shutdown
Intraday market update: December 21, 2017
Emini traders watching for possible government shutdown Updated 6:44 a.m. Today is the 3rd consecutive day that gapped up and sold off on the open. However, the 1st bar today was only a doji. This is a weaker start for the bears. It therefore increases the chances of an opening reversal up from around the […]
Emini buy the rumor, sell the fact after tax cut vote?
Intraday market update: December 20, 2017
Emini buy the rumor, sell the fact after tax cut vote? Updated 6:50 a.m. The Emini gapped above the 2 day bull flag but immediately sold off with big bear bars. There is only a 20% chance of a bull trend day. Today will be either a bear trend day or a reversal day. If […]
Emini Trump rally exhaustion gap on weekly chart
Intraday market update: December 19, 2017
Emini Trump rally exhaustion gap on weekly chart Updated 6:55 a.m. The Emini opened within yesterday’s tight trading range and began with 4 bear bars. They reduce the odds of a bull trend day today. At the moment, the Emini is Always In Short, and it is deciding between a bear trend day and another […]
Trump rally continuing into tax cut vote this week
Intraday market update: December 18, 2017
Trump rally continuing into tax cut vote this week Updated 6:49 a.m. The Emini opened with a big gap up and then had 2 good, but not great, bull bars. Yet, it is far above the average price. While there is a 20% chance of a continued strong rally for the 1st hour, there is […]
Emini Trump rally awaiting Christmas tax cut vote
Emini weekend update: December 16, 2017
Monthly S&P500 Emini futures candlestick chart:Extremely strong bull trend So far, this month’s S&P500 Emini futures candlestick chart has a bull bar. Its low is above last month’s low. It is therefore the 13th consecutive month without a pullback. In addition, it is at the top of a 9 year bull channel. The monthly S&P500 […]
Trump rally year end profit taking and tax cut vote
Intraday market update: December 15, 2017
Trump rally year end profit taking and tax cut vote Updated 6:45 a.m. Today had a big gap up, and none of the 1st several bars were big bear bars. That makes either a trading range or bull trend day likely. Since the 1st 2 bars were dojis, an early trading range is likely. In […]
Emini Trump rally awaiting tax cut vote
Intraday market update: December 14, 2017
Emini Trump rally awaiting tax cut vote Updated 6:41 a.m. The Emini opened with a doji in the middle of yesterday’s trading range. Yet, the odds favor a breakout below yesterday’s low, but buyers below. If the bears get a big breakout and follow-through, today could become a strong bear trend day. That is unlikely. […]
FOMC, Alabama Moore vote, and tax reform test Trump rally
Intraday market update: December 13, 2017
FOMC, Alabama Moore vote, and tax reform test Trump rally Updated 6:50 a.m. The bulls got early consecutive bull bars, but the rally did not break strongly above yesterday’s high and trading range. In addition, the bears got a strong reversal bar just after the breakout to a new all-time high. While the Emini is […]
