Stock market bears creating selling pressure Updated 6:49 a.m. The Emini broke below the lows of the past several days on the open. The bulls want an Opening Reversal up from this support and an early low of the day. The selling is strong enough to make a strong bull trend day unlikely. The bulls […]
Stock market bears creating selling pressure
Emini might begin summer 100 point correction in July
Intraday market update: July 5, 2017
Emini might begin summer 100 point correction in July Updated 6:52 a.m. The Emini gapped up and then sold off for a few bars. The gap up was big enough to create a Big Down, Big Up, Big Confusion pattern with Monday’s selloff. Therefore, the odds favor a trading range open. While the 3 consecutive […]
Summer swoon 100 point 5% S&P500 stock market correction
Emini weekend update: July 1, 2017
Monthly S&P500 Emini futures candlestick chart:Minor sell signal June is a sell signal bar on the monthly S&P500 Emini futures candlestick chart. The three pushes up in a tight bull channel is a parabolic wedge top. Because the channel is tight, the downside over the next few months is probably small. The monthly S&P500 Emini […]
Emini monthly and weekly sell signals after Trump’s healthcare failure
Intraday market update: June 30, 2017
Emini monthly and weekly sell signals after Trump’s healthcare failure Updated 6:49 a.m. The Emini gapped up to the 60 minute and daily moving averages and last week’s low. This is resistance and today will probably be a trading range day. Therefore, the bulls need a Buy The Close rally to convince traders that today […]
Emini end of quarter window dressing and July 4 seasonally bullish
Intraday market update: June 29, 2017
Emini end of quarter window dressing and July 4 seasonally bullish Updated 7:00 a.m. The Emini sold off strongly from yesterday’s high. The bears want a strong bear trend day. They they want today to again trigger the sell signal on the weekly chart by falling below last week’s low. Yet, after Tuesday’s wedge bottom, […]
Emini correcting after Yellen and Trump healthcare failure
Intraday market update: June 28, 2017
Emini correcting after Yellen and Trump healthcare failure Updated 6:47 a.m. While the Emini gapped above a major lower high from yesterday, the follow-through buying was weak. Since yesterday sold off and today gapped up, there is a Big Down, Big Up, Big Confusion open. Therefore, the odds favor a trading range over the 1st […]
Trump’s health care bill and tax reform might disappoint bulls
Intraday market update: June 27, 2017
Trump’s health care bill and tax reform might disappoint bulls Updated 6:55 a.m. Last week is a sell signal bar on the weekly chart. Today’s early selloff is a test of last week’s low. The bears need a strong breakout and follow-through over the next several days if they are going to get a reversal […]
Will the stock market bears get a black swan event?
Intraday market update: June 26, 2017
Will the stock market bears get a black swan event? Updaated 6:51 a.m. The Emini gapped up and had consecutive bull bars. It is therefore Always In Long. Yet, most days over the past month have had a lot of trading range price action. The odds are that this will be the same for today. […]
Trump tax cut and Obamacare repeal as stock market catalysts
Emini weekend update: June 24, 2017
Monthly S&P500 Emini futures candlestick chart:Trump tax cut and Obamacare repeal as stock market catalysts in already strong bull trend The monthly S&P500 Emini futures candlestick chart has been in a strong bull trend for 18 months. It is at a measured move up from the 2014 – 2015 trading range, which will probably be […]
Emini ignoring Trump’s Obamacare repeal plan
Intraday market update: June 23, 2017
Emini ignoring Trump’s Obamacare repeal plan Updated 6:53 a.m. The Emini sold off below yesterday’s low on the open. The bulls want a reversal up. Yet, the channel down from yesterday’s high was tight. Therefore, the 1st rally will probably be minor. Hence, the odds are against a strong trend up for at least an […]
