Emini bull channel but double top bear flag with March high I will update again at the end of the day. Pre-Open market analysis The Emini could not sustain a weak bull reversal day yesterday. It was the 5th consecutive small trading range day. Traders want to know if there will be a breakout far […]
Emini bull channel but double top bear flag with March high
Emini in Breakout Mode at 2800 and March major lower high
Intraday market update: July 16, 2018
Emini in Breakout Mode at 2800 and March major lower high I will update again at the end of the day. Pre-Open market analysis The Emini has rallied up to just below the March 13 major lower high of 2811.00. However, until there is a breakout, there is no breakout. The bears are selling up […]
Emini 2800 double top or breakout to new all-time high?
Emini weekend update: July 14, 2018
Monthly S&P500 Emini futures candlestick chart:Testing buy climax high The monthly S&P500 Emini futures candlestick chart has a big bull trend bar this month. The bulls need consecutive strong bull bars before traders will believe that the bull trend is resuming. The monthly S&P500 Emini futures candlestick chart has had a 4 month rally after […]
Emini testing key resistance at 2800 Big Round Number
Intraday market update: July 13, 2018
Emini testing key resistance at 2800 Big Round Number I will update again at the end of the day. Pre-Open market analysis The Emini broke above the 2800 Big Round Number for the 1st time since March. However, the March 13 high of 2811.00 is much more important. It is the top of the 6 […]
Emini island top and weekly gap below
Intraday market update: July 12, 2018
Emini island top and weekly gap below I will update again at the end of the day. Pre-Open market analysis Because the Emini gapped down yesterday after Tuesday’s gap up, it formed a one day island top. If it were to gap down again today, it would form a 3 day island top. This is […]
Emini 60 minute parabolic wedge buy climax below March high
Intraday market update: July 11, 2018
Emini 60 minute parabolic wedge buy climax below March high I will update again at the end of the day. Pre-Open market analysis Yesterday had a small range and was sideways. The 3 day rally is losing momentum now that it is near the top of the 6 month range. This reduces the chance of […]
Emini testing 2800 top of 6 month trading range
Intraday market update: July 10, 2018
Emini testing 2800 top of 6 month trading range I will update again at the end of the day. Pre-Open market analysis Yesterday was a small bull day. It therefore was follow-through buying after Friday’s breakout above June’s bear channel. This increases the chance of a test of the June 13 high of 2796.00 and […]
Emini brief July rally from head and shoulders bottom
Intraday market update: July 9, 2018
Emini brief July rally from head and shoulders bottom I will update again at the end of the day. Pre-Open market analysis The Emini broke above the neck line of a head and shoulders bottom on the 60 minute chart. Since the breakout went far above, the odds are that there will be at least […]
Emini small summer rally likely despite China trade war
Emini weekend update: July 7, 2018
Monthly S&P500 Emini futures candlestick chart:Weak rally after buy climax July so far on the monthly S&P500 Emini futures candlestick chart is a small bull bar. The 3 month rally has been weak and more sideways trading is likely. The monthly S&P500 Emini futures candlestick chart has been sideways for 6 months. This follows the […]
Emini 60 minute head and shoulders bottom for minor summer rally
Intraday market update: July 6, 2018
Emini 60 minute head and shoulders bottom for minor summer rally I will update again at the end of the day. Pre-Open market analysis The Emini reversed up yesterday on the 5 minute chart. Today was the 1st breakout above a lower high on the 60 minute chart in a month. It has been forming […]
