Emini 60 minute head and shoulders bottom despite China trade war I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways for 2 weeks. But, it is forming another higher low. On the 60 minute chart, Monday was a higher low major trend reversal after Thursday’s lower […]
Emini 60 minute head and shoulders bottom despite China trade war
Emini bear leg in trading range after weak June wedge top
Emini weekend update: June 30, 2018
Monthly S&P500 Emini futures candlestick chart:Lower high and doji bar in bull flag The monthly S&P500 Emini futures candlestick chart in June was a doji bar. It is therefore a neutral bar and a low probability sell signal bar for July. The bull flag now has 5 bars. The monthly S&P500 Emini futures candlestick chart […]
Emini micro double bottom but minor trend reversal
Intraday market update: June 29, 2018
Emini micro double bottom but minor trend reversal I will update again at the end of the day. Pre-Open market analysis After Wednesday’s sell climax, yesterday was bull trend day. The bulls see it as a buy signal bar on the daily chart for a double bottom with Monday’s low. Their minimum goal is a […]
Emini outside down day after Tuesday’s inside day
Intraday market update: June 28, 2018
Emini outside down day after Tuesday’s inside day I will update again at the end of the day. Pre-Open market analysis Yesterday was a big outside down day after Monday’s big bear breakout. The bears want a break below the May 29 higher low, and then a breakout below the 5 month trading range. The […]
Emini doji inside day buy signal bar and seasonally bullish
Intraday market update: June 27, 2018
Emini doji inside day buy signal bar and seasonally bullish I will update again at the end of the day. Pre-Open market analysis The Emini formed a small bull doji inside day yesterday after Monday’s bear breakout. This reduces the chance of a big selloff this week. The Emini is back in the May trading […]
Emini bear breakout below bull flag and wedge top
Intraday market update: June 26, 2018
Emini bear breakout below bull flag and wedge top I will update again at the end of the day. Pre-Open market analysis The Emini traded down for a couple of weeks from a 3 month wedge top. The bulls hoped the selloff was going to be a bull flag and lead to another leg up. […]
Emini double bottom bull flag just below resistance
Intraday market update: June 25, 2018
Emini double bottom bull flag just below resistance I will update again at the end of the day. Pre-Open market analysis Last week was the 2nd consecutive doji bar on the weekly chart. It is a buy signal bar for this week, but a bear doji bar is a low probability setup for a swing […]
Emini wedge rally and double top in 5 month trading range
Emini weekend update: June 23, 2018
Monthly S&P500 Emini futures candlestick chart:Small bull bar testing the January high The candlestick on the monthly S&P500 Emini futures chart is a small bull bar so far this month. It is the 3rd consecutive bull bar. The bulls therefore hope this is a resumption of the bull trend. But, the bar is small and […]
Emini double bottom bull flag breakout pullback test of May 22
Intraday market update: June 22, 2018
Emini double bottom bull flag breakout pullback test of May 22 I will update again at the end of the day. Pre-Open market analysis This week triggered a sell signal on the weekly chart. In addition, by trading below Wednesday’s low, yesterday was an entry bar for a Low 1 sell signal on the daily […]
Emini daily bull flag after weekly wedge top
Intraday market update: June 21, 2018
Emini daily bull flag after weekly wedge top I will update again at the end of the day. Pre-Open market analysis Yesterday was a small trading range day. Since Tuesday was a bull day that reversed up from the 20 day EMA, it was a buy signal bar on the daily chart. When yesterday went […]