Emini reversing Tuesday’s bear trend and creating monthly buy signal bar I will update again at the end of the day Pre-Open market analysis Wednesday was a buy signal bar on the daily chart. Since yesterday was a bull day, it was a good entry bar for the bulls. They are trying to reverse Tuesday’s […]
Emini reversing Tuesday’s bear trend and creating monthly buy signal bar
Emini monthly chart trying to form bull reversal buy signal bar in April
Intraday market update: April 26, 2018
Emini monthly chart trying to form bull reversal buy signal bar in April I will update again at the end of the day Pre-Open market analysis The Emini has been in a trading range for 3 months. On yesterday morning, I said that the bears would probably be disappointed by a lack of follow-through selling […]
Emini sell climax after Alphabet Google earnings
Intraday market update: April 25, 2018
Emini sell climax after Alphabet Google earnings I will update again at the end of the day Pre-Open market analysis The Emini had a huge bear trend day yesterday. It traded below the open of the month. The bulls want the month to have bull body when it closes on Monday. However, this selloff was […]
Weekly Emini Low 2 bear flag but weak sell signal bar
Intraday market update: April 24, 2018
Weekly Emini Low 2 bear flag but weak sell signal bar I will update again at the end of the day Pre-Open market analysis The Emini yesterday formed another trading range day. Since last week was a doji bar on the weekly chart, it is a weak sell signal. Yesterday fell below that low and […]
Emini weekly sell signal bar at 2700 Big Round Number resistance
Intraday market update: April 23, 2018
Emini weekly sell signal bar at 2700 Big Round Number resistance I will update again at the end of the day Pre-Open market analysis Last week closed below its open and therefore was a reversal bar on the weekly chart. Although it had a bear body, it was not a big bear bar closing on […]
Weak Emini breakout above 2700 Big Round Number on strong earnings
Emini weekend update: April 21, 2018
Monthly S&P500 Emini futures candlestick chart: April is reversing up after a 3 month bull flag The monthly S&P500 Emini futures candlestick chart so far this month has a bull reversal bar. If it closes near its high, it will be a strong buy signal bar for May. The monthly S&P500 Emini futures candlestick chart […]
Emini island top after island bottom in 3 month trading range
Intraday market update: April 20, 2018
Emini island top after island bottom in 3 month trading range I will update again at the end of the day Pre-Open market analysis I said before the open yesterday that there was an increased chance of a bear trend day after 3 days in a tight bull channel on the 5 minute chart. Furthermore, […]
Emini island bottom reversal up to 2800 by May
Intraday market update: April 19, 2018
Emini island bottom reversal up to 2800 by May I will update again at the end of the day Pre-Open market analysis The Emini sold off early yesterday and then reversed up. It then spent most of the day going sideways. While the bulls hope for a series of bull days with higher lows and […]
Emini island bottom and measuring gap for test of 2800
Intraday market update: April 18, 2018
Emini island bottom and measuring gap for test of 2800 I will update again at the end of the day Pre-Open market analysis The Emini gapped up yesterday and created a month-long island bottom. When there is a successful breakout, the Emini often goes sideways for a few days before resuming up. Therefore, a few […]
Emini weak bull breakout of triangle on strong earnings reports
Intraday market update: April 17, 2018
Emini weak bull breakout of triangle on strong earnings reports I will update again at the end of the day Pre-Open market analysis The Emini had a weak bull trend yesterday. However, the rally broke above the top of the 4 week trading range. A weak rally can still lead to a big bull trend […]