Emini correction could give back all of 2018 gains I will update again at the end of the day. Pre-Open market analysis For the past month, I said that the Emini looked weak and that it would probably pull back to the 20 week EMA. The bears accomplished that goal yesterday. Furthermore, I said that […]
Emini correction could give back all of 2018 gains
Emini pullback to bear flag after last week’s strong selloff
Intraday market update: Wednesday October 10, 2018
Emini pullback to bear flag after last week’s strong selloff I will update again at the end of the day. Pre-Open market analysis On Monday, the Emini reversed up from the bottom of the bull channel on the daily chart and from the September 7 low. It was a good buy signal bar at this […]
Emini sell climax at September low for minor reversal up
Intraday market update: Tuesday October 9, 2018
Emini sell climax at September low for minor reversal up I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull trend reversal day at support. It reversed up after breaking below the September low, the bottom of the bull channel, and last week’s low, which was also Friday’s […]
Emini October correction testing January high
Intraday market update: Monday October 8, 2018
Emini October correction testing January high I will update again at the end of the day. Pre-Open market analysis The Emini broke far below the 5 month bull trend line on Thursday and tested the 6 month bull trend line on Friday. It reversed up strongly from just above the trend line and the September […]
Emini outside down week likely start of October pullback to 2800
Emini weekend update: October 6, 2018
Monthly S&P500 Emini futures candlestick chart:Bear bar in 7 month bull micro channel The monthly S&P500 Emini futures candlestick chart has not had a pullback in 7 months. Last month was a doji bar, which is a sign of a loss of momentum. This month so far is a bear bar. The monthly S&P500 Emini […]
Emini testing January high ahead of unemployment report
Intraday market update: Friday October 5, 2018
Emini testing January high ahead of unemployment report I will update again at the end of the day. Pre-Open market analysis The Emini sold off strongly yesterday, but reversed up from a dip below the January high. In fact, it rallied back above last week’s low. Therefore the bulls are hoping that this is just […]
Emini testing September all time high before unemployment report
Intraday market update: Thursday October 4, 2018
Emini testing September all time high before unemployment report I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday, but then enter a triangle. There was a trend reversal down at the end of the day. While yesterday is a sell signal bar on the daily chart, […]
Emini weak buy signal ahead of October unemployment report
Intraday market update: Wednesday October 3, 2018
Emini weak buy signal ahead of October unemployment report I will update again at the end of the day. Pre-Open market analysis Last week was a bear inside bar in a bull trend on the weekly chart. It is therefore a weak buy signal. Yesterday was a doji inside day on the daily chart. Consequently, […]
Emini doji bar in tight trading range to begin October
Intraday market update: Tuesday October 2, 2018
Emini doji bar in tight trading range to begin October I will update again at the end of the day. Pre-Open market analysis By going above last week’s high, yesterday triggered a buy signal on the weekly chart. The bulls need to begin to form bull bars closing near their highs on the daily chart. […]
Emini bull flag but limited upside without pullback
Intraday market update: Monday October 1, 2018
Emini bull flag but limited upside without pullback I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of the month. Last month was a small bull doji bar on the monthly chart and therefore not a good sell signal bar. This is especially true due to […]
