Emini buy climaxes, awaiting FOMC and unemployment report Updated 6:46 a.m. The Emini opened at a 50% pullback from Friday’s rally and began with consecutive bull bars. This reduces the chance of a bear trend day. Furthermore, the 60 minute moving average is support below today’s open. The odds are that today will be either […]
Emini buy climaxes, awaiting FOMC and unemployment report
Emini buy climax before Trump’s tax cuts and FOMC rate hike
Emini weekend update: October 28, 2017
Monthly S&P500 Emini futures candlestick chart: Emini buy climax before Trump’s tax cuts and FOMC rate hike The monthly Emini chart has another strong bull bar with just a few days left in the month. The low of every bar has been above the low of the prior bar for 11 months on the monthly […]
November FOMC interest rate hike potential catalyst for 5% correction
Intraday market update: October 27, 2017
November FOMC interest rate hike potential catalyst for 5% correction Updated 6:52 a.m. By breaking above yesterday’s high, the bulls achieved their minimum objective of at least one more leg up after Wednesday’s bull reversal. The bulls want to get back above yesterday’s high. Since Tuesday’s high is a major lower high on the 60 […]
Emini outside down week in buy climax before tax reform
Intraday market update: October 26, 2017
Emini outside down week in buy climax before tax reform Updated 6:54 a.m. Today gapped above the 60 minute moving average and the daily measured move target. It is close to yesterday’s high, which is a magnet. However, after a bull reversal day, a trading range is more likely than a strong bull trend. Consequently, […]
Emini ioi bull flag in buy climax before Trump’s tax reform and cut
Intraday market update: October 25, 2017
Emini ioi bull flag in buy climax before Trump’s tax reform and cut Updated 7:05 a.m. The bears got an early, strong break below yesterday’s low. They closed Friday’s gap up, which is now an exhaustion gap. The Emini is Always In Short. However, the bears need follow-through selling to convince traders that the selloff […]
Gap down will create Emini October island top
Intraday market update: October 24, 2017
Gap down will create Emini October island top Updated 6:48 a.m. The Emini gapped far above yesterday’s bear channel, but sold off on the open. The bears want a strong break below Thursday’s high to close the gap on the daily chart. They then want a big bear trend day. However, because today gapped far […]
Emini parabolic buy climax and possible island top, but no reversal yet
Intraday market update: October 23, 2017
Emini parabolic buy climax and possible island top, but no reversal yet Updated 6:50 a.m. The Emini had a small gap up, but it closed on the open. The bears began with 3 consecutive bear bars. This created a Big Up, Big Down, Big Confusion pattern with Friday’s close and it makes a trading range […]
Buy climax at 30th anniversary of 1987 stock market crash
Emini weekend update: October 21, 2017
Monthly S&P500 Emini futures candlestick chart:Protracted buy climax Every bar for the past 11 months has a low above the low of the prior month on the monthly S&P500 Emini futures candlestick chart. This is therefore a 12 bar bull micro channel. Although this means the bull trend is strong, it is also a buy […]
30 year anniversary of 1987 crash, but unlikely to repeat
Intraday market update: October 20, 2017
30 year anniversary of 1987 crash, but unlikely to repeat Updated 6:49 a.m. The Emini gapped far above the all-time high, but began with 2 bear bars. While that makes the Emini Always In Short, the open of the 1st bar is also the high of the day. Since days rarely have their high exactly […]
Emini October wedge top and buy climax, but no trend reversal
Intraday market update: October 19, 2017
Emini October wedge top and buy climax, but no trend reversal Updated 6:42 a.m. The Emini opened with a big gap down, but then had a big bar with a big tail on top. This is Big Down, Big Up, Big Down, which means Big Confusion. It therefore makes a trading range likely. Furthermore, it […]
