FOMC interest rake hike and Fed statement volatility Updated 6:58 a.m. While the Emini opened with a big bull bar and a follow-through bull bar, it was below the moving average and in yesterday’s tight trading range. Limit order bulls and bears made money in the first few bars. It was in a tight trading […]
FOMC interest rake hike and Fed statement volatility
Stock market pullback into Fed interest rate hike
Intraday market update: December 13, 2016
Stock market pullback into Fed interest rate hike Updated 6:47 a.m. The Emini broke strongly to a new all-time high on the open. On the 60 minute chart, it has been above the moving average for 43 bars, which is a long time. It will probably get there by the end of tomorrow, before or […]
Trump stock market rally pausing before FOMC rate hike
Intraday market update: December 12, 2016
Trump stock market rally pausing before FOMC rate hike I will update around 6:59 a.m. The Emini rallied on the open and is Always In Long. Yet, the big bull bars had bad follow-through. In addition, the rally is a 3rd push up from Friday’s close. Furthermore, the Emini is in a buy climax on […]
December FOMC Fed interest rate hike
Emini weekend update: December 10, 2016
Monthly S&P500 Emini futures candlestick chart:Strong bull breakout before the December FOMC Fed interest rate hike The monthly S&P500 Emini futures candlestick chart has a bull trend bar this month. This is therefore good follow-through buying after last month’s big outside up bar. The monthly S&P500 Emini futures candlestick chart closed at a new all-time […]
Trump rally buy climax causing profit taking
Intraday market update: December 9, 2016
Trump rally buy climax causing profit taking I will update around 6:46 a.m. Today’s open continued yesterday’s late, weak rally. Because yesterday had Gap Bars, the odds are that this early rally will lead to an attempt at a major trend reversal in the 1st hour or 2. Since there are 6 consecutive bull bars, […]
President Trump Christmas rally resumed yesterday
Intraday market update: December 8, 2016
President Trump Christmas rally resumed yesterday Updated 6:52 a.m. While the Emini rallied for the 1st bars, all were dojis. In addition, the stairs pattern from the last 2 hours of yesterday continued. The pullback fell below the breakout point. Therefore, limit order bears are continuing to make money by scaling in above highs. This […]
Trump rally resumption might form double top
Intraday market update: December 7, 2016
Trump rally resumption might form double top Updated 6:50 a.m. Yesterday had a wedge top. The bulls then got a climactic breakout of that top. This created consecutive wedge tops. The 60 minute chart has nested wedges. Furthermore, this is at the top of an 11 day trading range. This increases the chances of sideways […]
Emini trading range before FOMC Fed interest rate hike
Intraday market update: December 6, 2016
Emini trading range before FOMC Fed interest rate hike Updated 7:00 a.m. While the Emini sold off on the open and is Always In Short, the bulls bought after 4 bars. This is more likely a bear leg in a trading range than the start of a strong bear trend day. The 60 minute moving […]
Trump rally pausing before Fed interest rate announcement
Intraday market update: December 5, 2016
Trump rally pausing before Fed interest rate announcement Updated 6:55 a.m. While the Emini gapped above Friday’s high, which is the neck line of the 2 day double bottom, it failed to create bull bars on the 1st 2 bars. That lowered the probability of a trend from the open bull trend. The context is […]
Trump rally pausing before Fed FOMC interest rate hike
Emini weekend update: December 3, 2016
Monthly S&P500 Emini futures candlestick chart:Strong bull breakout, but possible exhaustion gap The monthly S&P500 Emini futures candlestick chart formed a big outside up month in November. It closed at a new all-time monthly high. Because of the 3 pushes up from February, bears will try to create a reversal down from a parabolic wedge […]