S&P500 double top at all time high causing 5 percent correction Updated 6:53 a.m. The Emini reversed up from above yesterday’s low without a strong buy signal bar. Since yesterday is a sell signal bar and the context is good, the odds are today will trade below its low. Furthermore, the 60 minute moving average […]

Trump rally resumption is likely bull trap at all time high Updated 6:44 a.m. The Emini opened within yesterday’s tight range. In addition, the initial rally pulled back from the March 15 lower high. Furthermore, it failed at that price several times yesterday. These factors reduce the chance of a big bull trend day, despite […]

Emini buy climax creating great put buying opportunity Updated 6:50 a.m. The Emini gapped up and began with bull trend bars. This is therefore a trend from the open bull trend. Consequently, the bears therefore will probably need either a 2nd entry sell signal or a parabolic wedge before there is a reversal down. There […]

May correction will give back all 2017 stock market gains Updated 6:46 a.m. The Emini gapped up big, but formed a couple bear dojis. This is consistent with what I said about a trading range for 2 – 5 days. The odds are that the Emini will gap down within a week and selloff 5%. […]

Trump bear rally resumption should fail around March 15 high Updated 6:47 a.m. While the Emini tried to reverse up from a test of the neck line of the 4 day double bottom and a test of the bottom of yesterday’s trading range, the bear channel was tight. Consequently, the first reversal up will probably […]

Stock market April seasonally bullish Trump rally resumption Updated 6:47 a.m. Today opened in the middle of yesterday’s range. In addition, it is in the middle of a month long tight trading range. Furthermore, the 1st bar had prominent tails. The limit order bulls made money buying on the 3rd bar. Finally, a channel usually […]

Five percent correction after Trump rally resumption fails Updated 6:50 a.m. While the Emini gapped above yesterday’s high, the gap was small and the 1st bar had a big tail on top. This is therefore disappointing for the bulls. Hence, it is a warning that today might not break strongly above Monday’s lower high. Instead, […]

Earnings and North Korea’s nuclear program are catalysts for correction Updated 6:46 a.m. The Emini gapped back below the 60 minute moving average and into yesterday’s 4 hour trading range. In addition, it broke below yesterday’s bull channel. Finally, it pulled back to the middle of yesterday’s range, and yesterday had a big range. These […]