Emini outside up in minor reversal from sell climax I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down below Monday’s low. That triggered a weak Low 1 sell signal on the daily chart. As was likely, there were buyers below. Yesterday rallied above Monday’s high, forming an outside […]
Emini outside up in minor reversal from sell climax
Emini bear rally in January after December sell climax
Intraday market update: Wednesday January 2, 2019
Emini bear rally in January after December sell climax I will update again at the end of the day. Pre-Open market analysis Monday formed an inside day on the daily chart. It did not trigger the sell signal on the daily chart by going below Friday’s low. Likewise, it did not trigger the weekly buy […]
Emini weekly buy signal bar on New Year’s Eve
Intraday market update: Monday December 31, 2018
Emini weekly buy signal bar on New Year’s Eve I will update again at the end of the day. Friday was a bear bar on the daily chart after a 2 day pullback from a sell climax. It is therefore a sell signal bar in the bear rally. However, the 2 day rally was very […]
Emini reversed up from sell vacuum test of bull trend line
Weekend market update: December 29, 2018
Market Overview The Emini daily chart had an extreme sell climax, but reversed up this week. Traders should expect the bear rally to create a trading range for several weeks. Then, there will probably be a break to a new low. The bond futures monthly chart is in a bear rally. This could last for […]
Emini sell signal bar but after sell climax
Intraday market update: Friday December 28, 2018
Emini sell signal bar but after sell climax I will update again at the end of the day. Pre-Open market analysis Yesterday was a 2nd consecutive big bull trend day after an extreme sell climax down to the monthly bull trend line. This increases the chance of higher prices. In addition, the bears will want […]
Emini FOMO rally from sell climax at monthly bull trend line
Intraday market update: Thursday December 27, 2018
Emini bear rally from sell climax at monthly bull trend line I will update again at the end of the day. Pre-Open market analysis Before the open yesterday, I said that yesterday would probably be a bull trend day. This is because there were 10 consecutive bear bars on the daily chart and that has […]
Emini December stock market crash to monthly bull trend line
Intraday market update: Wednesday December 26, 2018
Emini December stock market crash to monthly bull trend line I will update again at the end of the day. Pre-Open market analysis Monday was the 10th consecutive bear trend bar on the daily chart. This has never happened in the 20 year history of the Emini. It did not even happen in the 50 […]
Emini breakout below 2018 head and shoulders top
Weekend market update: December 22, 2018
Market Overview The 30 year Treasury bond futures monthly chart is in a strong enough bear rally to test the 2017 lower high. However, the nested wedge top and the strong 1st leg down in 2016 make the rally likely to fail. The bond market will probably be in a bear trend for 20 years. […]
Emini sell climax test of February and 2018 low
Intraday market update: Tuesday December 18, 2018
Emini sell climax test of February and 2018 low I will update again at the end of the day. Pre-Open market analysis Yesterday, the Emini bears broke below the February low and formed a new low of the year. It closed slightly above. I wrote over the weekend that the year will probably close above […]
Emini bears will probably not get Christmas bear trend
Intraday market update: Monday December 17, 2018
Emini bears will probably not get Christmas bear trend I will update again at the end of the day. Pre-Open market analysis The Emini sold off on Friday in a bear channel. Last week was a bear bar on the weekly chart and it closed below the prior week’s low. The bears are tyring to […]
