Emini awaiting Trump’s revision of Obamacare health care bill Updated 6:52 a.m. Today opened in yesterday’s tight trading range. The bulls need a break above a major lower high to convert the 2 day bear channel into a trading range. The bears want a strong break below yesterday’s low to create a measuring gap. They […]

Emini buy climax and failed breakout to new high Updated 7:00 a.m. Limit order bulls and bears both made money in the 1st 4 bars. This is an early sign of trading range price action. Furthermore, there were several reversals in the 1st 6 bars. Traders are deciding if the Emini will rally, or selloff […]

New S&P500 all time high, but Nasdaq divergence Updated 6:49 a.m. Yesterday was a spike and wedge channel bull trend. The odds favor a trading range. Furthermore, the odds favor disappointing follow-through for the bulls. Hence, today will probably close below its open and form a bear bar on the daily chart. Since today is […]

Emini bull flag in buy climax after FOMC Fed rate hike Updated 6:56 a.m. The Emini gapped up on the open to within 4 points of the all-time high. Yet, it formed a small bear doji bar. This one bar is enough to increase the odds of a lot of trading range price action today. […]

Emini buy climax and FOMC fed interest rate hike Updated 6:43 a.m. Today sold off on the open from yesterday’s high. It did not go above and trigger the buy signal yet, but it might later today. Since yesterday’s spike and channel bull trend will likely evolve into a trading range today, the odds are […]

Emini buy climax more important than FOMC interest rate hike Updated 6:45 a.m. The Emini gapped down, but formed consecutive bull bars on the open. But, unless it rallies strongly above the moving average, the bears will try to form an opening reversal down. They often form a double top or a wedge top. At […]

FOMC Fed rate hike after parabolic wedge buy climax Updated 6:52 a.m. The Emini gapped above yesterday’s high, but turned down from just below the all-time high. Because yesterday’s bull channel was tight, the bears need a series of strong bear bars to convince traders that they have begun a swing down. Despite the 2 […]

Emini waiting for Wednesday’s FOMC Fed interest rate hike Updated 6:53 a.m. Today opened with a gap up and 3 bull bars. But, the daily chart has had 6 dojis. Furthermore, it has both a wedge top and a parabolic wedge top. The odds are against a strong bull trend day today, despite this early […]

Trump, Comey, and Russia are minor compared to buy climax Updated 6:53 a.m. The Emini tested the top of Friday’s reversal up, which was a 50% pullback of the selloff, and stalled. This was likely because Big Down, Big Up creates Big Confusion. It therefore usually leads to a trading range. Today’s early selloff found […]