Likely start of Emini 5% correction after buy climax Updated 6:45 a.m. The Emini gapped down and is between important support and resistance. Consequently, it might test both today. The 20 day EMA below is at the 2800 Big Round Number. Yesterday’s low and last week’s low are just above. The 1st 2 bars had […]

Stock market January barometer is strong, but 5% correction soon Updated 6:40 a.m. Today gapped down to around yesterday’s low, despite yesterday’s strong reversal up into the close. The bulls want a higher low major trend reversal after yesterday’s lower low major trend reversal. Because there was a strong selloff yesterday and then a strong […]

Emini profit-taking after parabolic wedge buy climax and before Trump testimony Updated 6:48 a.m. Today gapped above yesterday’s triangle, but not above yesterday’s high. The bulls want to close the gap below Monday’s low. Yet, unless the rally reaches a new all-time high, the bears will sell it. They want to create a lower high […]

Emini profit taking and 5% correction after strong January barometer? Updated 6:38 a.m. The Emini opened with a big gap down to around the bottom of the 6 day range. The 1st bar was a strong bull bar. It therefore is a possible low of the day. When the Emini opens at support in a […]

Emini rallying on Davos and ignoring Trump’s Mueller testimony Updated 6:47 a.m. The Emini opened with a big gap down. This created a Big Up, Big Down pattern with Friday. That therefore increases the odds of an early trading range. There was a gap between the high of the 1st bar and the moving average. […]

Emini pausing for Trump at Davos and for Mueller testimony Updated 6:47 a.m. Today triggered the buy signal on the daily chart by going above yesterday’s high. Yet, the breakout immediately pulled back. After 3 sideways days, the odds favor more sideways trading today, and the Emini is at the top of the 4 day […]

Emini outside down day might lead to trading range Updated 6:42 a.m. Today opened within yesterday’s range. Since opened near the high, there is an increased chance of a breakout above yesterday’s high. Yet, the day after a big outside down day closing in the middle usually will not get far above or below yesterday’s […]

Emini measured move target at 2860 so magnet and minor resistance Updated 6:52 a.m. The Emini gapped up, but began with a doji. The bulls got an opening reversal up from above yesterday’s high and want a trend from the open bull trend. Yet, the doji on the open, big bear bar, and the tail […]

Emini breakout above wedge top after government shutdown Updated 6:47 a.m. Today began with a continuation of yesterday’s rally. It is a Buy The Close open. However, there is a 75% chance that the Emini will enter a trading range by the end of the 2nd hour. In addition, that sideways to down trading will […]