President Trump all time stock market high rally Updated 6:47 a.m. The Emini broke above yesterday’s high. It immediately reversed down from its new all-time high. Yet, the sell signal bar had a bull body. Furthermore, most of yesterday was trading range price action. In addition, the target for the bears is the open of […]
President Trump all time stock market high rally
President Trump S&P500 Emini rally testing all time high
Intraday market update: November 15, 2016
President Trump S&P500 Emini rally testing all time high Updated 6:51 a.m. I leave early today and will not be back until Friday. Today broke above the top of yesterday’s bull channel. There is therefore a 75% chance of a test of the bottom of the channel. The Emini can get there by going sideways […]
President Trump’s yearend stock market Christmas rally attempt
Intraday market update: November 14, 2016
President Trump’s yearend stock market Christmas rally attempt Updated 6:53 a.m. The bears reversed the Emini down from above yesterday’s high. They therefore are hoping for an outside down day. Because the 1st bar had big tails and the 3rd bar was a reasonable Opening Reversal attempt by the bulls, the bears are not yet […]
President Trump’s stock market year end rally
Emini weekend update: November 12, 2016
Monthly S&P500 Emini futures candlestick chart:3 month bull flag The monthly S&P500 Emini futures candlestick chart formed an outside up month after a 3 month pullback. Because there is a 4 bar tight trading range, it might continue sideways for another month or two. The monthly S&P500 Emini futures candlestick chart has pulled back for […]
President Trump’s all time high stock market rally
Intraday market update: November 11, 2016
President Trump’s all time high stock market rally Updated 6:47 a.m. Today opened with a big doji in the bottom half of yesterday, which was a trading range day. The odds are that today will be another trading range day, but with legs that are big enough for swing trades. While the all-time high is […]
President Trump stock market rally
Intraday market update: November 10, 2016
President Trump stock market rally Updated 6:55 a.m. While the Emini gapped up and began with a Trend From the Open, Buy The Close Bull Trend, it is at the top of a 15 minute bull channel. There is only a 25% chance of success. Hence, there is a 75% chance of a sideways to […]
Trump Presidential election stock market correction
Intraday market update: November 9, 2016
Trump Presidential election stock market correction Updated 7:13 a.m. The Emini had a big reversal up from yesterday’s low. It then tested yesterday’s high and sold off. Because of the several reversals, today will probably be a trading range day. Since the bars are big, most traders should wait until they become smaller. At the […]
Presidential election year end rally attempt
Intraday market update: November 8, 2016
Presidential election year end rally attempt Updated 6:48 a.m. The Emini tried to reverse up from a test of yesterday’s buy climax low. Yet, the big down open created a Big Up, Big Down pattern. Hence, there is increased uncertainty. Therefore, a trading range is likely. The bulls want a double bottom and then a […]
Presidential election rally after sell climax
Intraday market update: November 7, 2016
Presidential election rally after sell climax Updated 6:49 a.m. The Emini had a big gap up on the open. When there is a huge gap up, the day usually goes sideways for several hours at some point, and rarely closes far above the open. About 20% of the days become strong bull trend days or […]
Year end rally after presidential election
Emini weekend update: November 5, 2016
Monthly S&P500 Emini futures candlestick chart:Exhaustion gap The monthly S&P500 Emini futures candlestick chart finally pulled back below the July 2015 high. The July 2016 breakout is therefore an exhaustion gap. The monthly S&P500 Emini futures candlestick chart has pulled back for 3 months. I have been writing since the July breakout that the breakout […]