Emini 50% retracement of 2 day selloff ahead of FOMC I will update again at the end of the day. Pre-Open market analysis Yesterday retraced about half of the 2 day selloff. The odds were that the Emini would bounce at the 20 day EMA and try to get more neutral ahead of today’s FOMC […]
Emini 50% retracement of 2 day selloff ahead of FOMC
Emini follow-through selling in sell climax down to 2800
Intraday market update: Tuesday July 31, 2018
Emini follow-through selling in sell climax down to 2800 I will update again at the end of the day. Pre-Open market analysis The bears got follow-through selling yesterday. However, the bulls rallied off the 20 day EMA, the 2800 Big Round Number, and the March high. After 2 days of climactic selling down to support, […]
Emini minor reversal down to below 2800 and the March high
Intraday market update: Monday July 30, 2018
Emini minor reversal down to below 2800 and the March high I will update again at the end of the day. Pre-Open market analysis The Emini sold off from above the 2 week bull channel on the 60 minute chart to below the bottom of the channel on Friday. The selling was strong enough to […]
Emini 100 point minor reversal down from buy climax
Emini weekend update: July 28, 2018
Monthly S&P500 Emini futures candlestick chart:Strong bull bar, testing the all-time high The monthly S&P500 Emini futures candlestick chart has a strong bull bar so far in July. Since there are only 2 trading days left to the month, the bar will probably remain strongly bullish. The monthly S&P500 Emini futures candlestick chart is in […]
Emini pullback from Wednesday’s bull breakout
Intraday market update: Friday July 27, 2018
Emini pullback from Wednesday’s bull breakout I will update again at the end of the day. Pre-Open market analysis The Emini formed a small inside bull day yesterday after Wednesday’s late, strong rally. Yesterday is therefore a Breakout Mode bar on the daily chart. The bulls see it as a 1 day bull flag. However, […]
Emini breakout but 50 point pullback likely within 2 weeks
Intraday market update: Thursday July 26, 2018
Emini breakout but 50 point pullback likely within 2 weeks I will update again at the end of the day. Pre-Open market analysis The Emini rallied yesterday in a small pullback bull trend. It continued its breakout above the March high. There was an unusually strong late bull breakout. While the bulls want a measured […]
Emini breakout above the March high and 2800 might fail
Intraday market update: Wednesday July 25, 2018
Emini breakout above the March high and 2800 might fail I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday, but then sold off and closed the gap. Because yesterday closed below the open, the bar on the daily chart had a bear body. It is a […]
Emini daily buy signal bar and weekly sell signal bar at March high
Intraday market update: Tuesday July 24, 2018
Emini daily buy signal bar and weekly sell signal bar at March high I will update again at the end of the day. Pre-Open market analysis Yesterday, the Emini reversed up from below Friday’s low and the 2800 Big Round Number. It rallied to above Friday’s high and formed an outside up day. This is […]
Weak Emini weekly sell signal for double top above 2800
Intraday market update: Monday July 23, 2018
Weak Emini weekly sell signal for double top above 2800 I will update again at the end of the day. Pre-Open market analysis After breaking almost 20 points above the 2800 Big Round Number last week, the Emini pulled back to test 2800 on Friday. The bulls want a resumption of the July rally and […]
Emini breakout above March major lower high needs follow-through
Intraday market update: Wednesday July 18, 2018
Emini breakout above March major lower high needs follow-through I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong bull trend day. Furthermore, the Emini finally broke above the March 13 major lower high, which I said was likely. However, it only closed only 1 tick above. The […]