Market Overview: The stock market is in the middle of a 2 month trading range. That range is in the middle of a yearlong trading range. While the bulls are hoping for a yearend rally to a new all-time high, the October selloff was strong. The range will probably continue for at least a few […]
Emini indecision with double top and head and shoulders bottom
Emini buy signal bar for November head and shoulders bottom
Intraday market update: Friday November 16, 2018
Emini buy signal bar for November head and shoulders bottom I will update again at the end of the day. Pre-Open market analysis As I said before yesterday’s open, yesterday was likely to form an early low of the day. The day closed on its high and it is a buy signal bar for a […]
Emini bad sell signal bar on weekly chart
Intraday market update: Thursday November 15, 2018
Emini bad sell signal bar on weekly chart I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above Monday’s bear channel on the open, but sold off in a bear trend from the open. After closing a gap on the daily chart and reversing up from below […]
Emini selloff testing 2017 close and October 11 low
Intraday market update: Wednesday November 14, 2018
Emini selloff testing 2017 close and October 11 low I will update again at the end of the day. Pre-Open market analysis Since late October, I have been saying that the Emini would test the October 17 major lower high and stall. In addition, I mentioned that it might pull back 50% to the October […]
Emini strong late October reversal after parabolic wedge sell climax
Emini weekend update: November 10, 2018
Market Overview for the week of November 12, 2018 Stock Market: Strong rally to middle of yearlong trading range The Emini monthly chart is in a bull trend, but the February and October selloffs were unusually strong. Furthermore, they followed the most extreme buy climax in the 100 year history of the stock market. Therefore, […]
Emini inside bar after buy climax at October lower high
Intraday market update: Friday November 9, 2018
Emini inside bar after buy climax at October lower high I will update again at the end of the day. Pre-Open market analysis After a big bull day on Wednesday, yesterday was a small, bull inside doji day. It is therefore a buy signal bar on the daily chart. Because the rally was strong and […]
Emini rally from October parabolic wedge sell climax approaching resistance
Intraday market update: Thursday November 8, 2018
Emini rally from October parabolic wedge sell climax approaching resistance I will update again at the end of the day. Pre-Open market analysis Two weeks ago, I said that the October extreme sell climax would probably lead to a test of the October 17 major lower high. Yesterday came within 3 points and the bulls […]
Emini reaction to election more important than election result
Intraday market update: Wednesday November 7, 2018
Emini reaction to election more important than election result I will update again at the end of the day. Pre-Open market analysis The Emini triggered a buy signal on the daily and weekly charts yesterday. The odds are that the October low will be the low for the rest of the year. Yesterday’s rally and […]
Emini ioi Breakout Mode going into today’s election
Intraday market update: Tuesday November 6, 2018
Emini ioi Breakout Mode going into today’s election I will update again at the end of the day. Pre-Open market analysis After the parabolic wedge bottom last week, the Emini retraced 50% of the 3 week selloff. It is at the 20 day EMA and it has been been going sideways for 4 days. With […]
Emini October bull trend reversal stalling at EMA
Intraday market update: Monday November 5, 2018
Emini October bull trend reversal stalling at EMA I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside down day on Friday after a rally to the 20 day EMA. Because the rally followed a parabolic wedge sell climax, there will probably be buyers below. Sell climaxes […]
