Emini weekly sell signal for double top with January high I will update again at the end of the day. Pre-Open market analysis Last week formed a reversal bar on the weekly chart. While it was not a big bear bar, the context is good for the bears. They now have a credible double top […]
Emini weekly sell signal for double top with January high
Emini island top forming double top with January all-time high
Emini weekend update: August 11, 2018
Monthly S&P500 Emini futures candlestick chart:5 month rally, testing all-time high The monthly S&P500 Emini futures candlestick chart has a doji bar so far for August. The bears want a double top with the January high. They need a strong bear bar in August for a sell signal bar. The Emini monthly candlestick chart has […]
Emini outside down day and micro double top
Intraday market update: Friday August 10, 2018
Emini outside down day and micro double top I will update again at the end of the day. Pre-Open market analysis After a 4 day parabolic wedge rally on the 60 minute chart, the Emini has been in a tight range for 3 days. However, yesterday was an outside down day. It also was a […]
Emini pullback from parabolic wedge top on 60 minute chart
Intraday market update: Thursday August 9 2018
Emini pullback from parabolic wedge top on 60 minute chart I will update again at the end of the day. Pre-Open market analysis The Emini had another trading range day yesterday. Its high was below Tuesday high, and therefore yesterday is a High 1 bull flag. But, yesterday had a bear body and is therefore […]
Emini parabolic wedge top at measured move target
Intraday market update: Wednesday August 8, 2018
Emini parabolic wedge top at measured move target I will update again at the end of the day. Pre-Open market analysis The Emini rallied for 4 days in a tight bull channel on the 60 minute chart. This is extreme and unsustainable, and therefore climactic. It pulled back in a tight range yesterday from a […]
Emini buy vacuum test of July high and all-time high
Intraday market update: Tuesday August 7, 2018
Emini buy vacuum test of July high and all-time high I will update again at the end of the day. Pre-Open market analysis Yesterday was the 3rd consecutive strong bull trend day. It broke above last week’s high and the July high. However, the 5 minute chart has been in a tight bull channel for […]
Emini follow-through buying after consecutive outside day
Intraday market update: Monday August 6, 2018
Emini follow-through buying after consecutive outside day I will update again at the end of the day. Thursday was an outside up day after an outside down day on Wednesday. It was therefore a buy signal bar. Friday was the entry bar on the daily chart, and it provided reasonable follow-through buying. This increases the […]
Emini consecutive outside bars in a bull flag
Emini weekend update: August 4, 2018
Monthly S&P500 Emini futures candlestick chart:Strong test of all-time high The monthly S&P500 Emini futures candlestick chart is in a bull trend after a 3 month bull flag. A new all-time high is likely within a couple of months. The bears need a strong bear bar this month if they are going to get a […]
Emini buyers below last week’s sell signal bar
Intraday market update: Friday August 3, 2018
Emini buyers below last week’s sell signal bar I will update again at the end of the day. Pre-Open market analysis I have been saying for the past week that the bears would get a 50 – 100 point pullback over the next couple of weeks, and then the Emini would resume up to a […]
Emini 2nd leg down in early August after buy climax
Intraday market update: Thursday August 2, 2018
Emini 2nd leg down in early August after buy climax I will update again at the end of the day. Pre-Open market analysis The Emini sold off strongly yesterday and formed an outside down day prior to the 11 a.m. FOMC announcement. However, it closed above the low and the daily chart had a tail […]
