Emini outside down day after September FOMC announcement I will update again at the end of the day. Pre-Open market analysis The Emini rallied briefly after the FOMC report but sold off from above Tuesday’s high to below Tuesday’s low. Yesterday was therefore an outside down day. The odds are that last Friday began a […]
Emini outside down day after September FOMC announcement
Emini island top and bull flag going into FOMC announcement
Intraday market update: Wednesday September 26, 2018
Emini island top and bull flag going into FOMC announcement I will update again at the end of the day. Pre-Open market analysis Yesterday sold off from the open after failing to close the gap below Friday’s low. But, it reversed up twice at the end of the day and held around Monday’s low. This […]
Emini weak selling after 2 day island top ahead of FOMC
Intraday market update: Tuesday September 25, 2018
Emini weak selling after 2 day island top ahead of FOMC I will update again at the end of the day. Pre-Open market analysis The Emini gapped down yesterday and formed a 2 day island top. However, yesterday was not a strong bear trend day. While Friday might be the high of the next several […]
Emini bulls need follow-through buying after breakout
Intraday market update: Monday September 24, 2018
Emini bulls need follow-through buying after breakout I will update again at the end of the day. Pre-Open market analysis The Emini was in a Spike and Channel Bear Trend on Friday after Thursday’s gap up to a new high. A gap up to a new high usually leads to at least a couple days […]
Emini considering China tariffs ahead of Wednesday’s FOMC
Emini weekend update: September 22, 2018
Monthly S&P500 Emini futures candlestick chart: Emini considering China tariffs ahead of Wednesday’s FOMC The candlestick on the monthly S&P500 Emini futures candlestick chart is a small bull doji so far in September. However, it made a new all-time high and the 6 month rally is strong. The monthly S&P500 Emini futures candlestick chart broke […]
Emini gap up ahead of Wednesday’s FOMC announcement
Intraday market update: Friday September 21, 2018
Emini gap up ahead of Wednesday’s FOMC announcement I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to another all-time high and was a strong bull trend day in a bull trend. But, whenever there is a gap up, there is often a gap down. The gap down […]
Emini ignoring China tariffs and trade war ahead of FOMC
Intraday market update: Thursday September 20, 2018
Emini ignoring China tariffs and trade war ahead of FOMC I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways for 5 days. Traders are deciding if the rally will continue up to the measured move targets above at around 3100 and 3200 or reverse down. The […]
Emini spike and wedge channel bull trend at last week’s high
Intraday market update: Wednesday September 19, 2018
Emini spike and wedge channel bull trend at last week’s high I will update again at the end of the day. Pre-Open market analysis Last week was a bull bar closing on its high on the weekly chart. Since that chart is in a bull trend, last week is a buy signal bar for this […]
Emini 3 day exhaustion gap is minor trend reversal
Intraday market update: Tuesday September 18, 2018
Emini 3 day exhaustion gap is minor trend reversal I will update again at the end of the day. Pre-Open market analysis By closing the gap above Wednesday’s high, the gap is now an exhaustion gap. Magnets below on the daily chart are the bull trend line, the 20 day EMA, and the January high. […]
Emini possible minor double top at August all time high
Intraday market update: Monday September 17, 2018
Emini possible minor double top at August all time high I will update again at the end of the day. Pre-Open market analysis The Emini rallied last week, but the rally lacked consecutive big bull bars. It therefore looks more like a leg in a trading range than a bull trend. Friday closed with a […]