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 […]
Emini daily bull flag after weekly wedge top
Emini weak weekly sell signal and China trade war
Intraday market update: June 20, 2018
Emini weak weekly sell signal and China trade war I will update again at the end of the day. Pre-Open market analysis The Emini gapped down yesterday. Since it again fell below last week’s low, it triggered the weekly sell signal for a 2nd time. However, it rallied from a double bottom and a test […]
Emini trading range at start of China trade war
Intraday market update: June 19, 2018
Emini trading range at start of China trade war I will update again at the end of the day Pre-Open market analysis Yesterday traded below last week’s low and therefore triggered a sell signal on the weekly chart. The weekly bears have a wedge rally and a double top bear flag. Yet, last week was […]
Emini weekly sell signal for wedge rally and double top
Intraday market update: June 18, 2018
Emini weekly sell signal for wedge rally and double top I will update again at the end of the day Pre-Open market analysis Friday gapped down and triggered a minor sell signal on the daily chart. The daily chart was a wedge rally to just below the March high. The weekly chart has a small […]
Emini buy climax just below 2800 resistance
Emini weekend update: June 16, 2018
Monthly S&P500 Emini futures candlestick chart:Breakout above 3 month bull flag The candlestick on the monthly S&P500 Emini futures chart is a strong bull bar so far this month. It is the 2nd month of a breakout above a 3 month bull flag. The monthly S&P500 Emini futures candlestick chart is breaking above a 3 […]
Emini weekly candlestick chart creating weak sell signal for next week
Intraday market update: June 15, 2018
Emini weekly candlestick chart creating weak sell signal for next week I will update again at the end of the day Pre-Open market analysis After Wednesday’s big outside down day, yesterday was an inside day and a trading range day. It is therefore both a buy and sell signal bar for today on the daily […]
Emini testing 2800 Big Round Number and major lower high
Intraday market update: June 14, 2018
Emini testing 2800 Big Round Number and major lower high I will update again at the end of the day Pre-Open market analysis The Emini daily chart had an outside down day yesterday that closed below Tuesday’s low. It is therefore a sell signal bar for today. Furthermore, yesterday was the 3rd leg up in […]
Emini in breakout mode at 2800 ahead of FOMC today
Intraday market update: June 13, 2018
Emini in breakout mode at 2800 ahead of FOMC today I will update again at the end of the day Pre-Open market analysis Yesterday was another mostly sideways day. Traders are waiting for today’s 11 a.m. PST FOMC announcement. The bulls want a breakout above the March high and 2800. However, the bears always want […]
Emini testing 2800 ahead of North Korea summit and FOMC
Intraday market update: June 12, 2018
Emini testing 2800 ahead of North Korea summit and FOMC I will update again at the end of the day Pre-Open market analysis The Emini had a weak rally yesterday, but reversed down at the end of the day. While it is a sell signal bar on the daily chart, it has a bull body. […]
Emini sideways ahead of North Korean summit and FOMC
Intraday market update: June 11, 2018
Emini sideways ahead of North Korean summit and FOMC I will update again at the end of the day Pre-Open market analysis The Emini rallied for 2 weeks and broke above a 3 month triangle. It is getting drawn up to resistance at the March high, just above 2800. Despite the rally, the Emini might […]