Day trading the last day of the month Updated around 6:57 a.m. The Emini opened at the 60 minute moving average, which is the middle of the 12 day tight trading range. The 1st bar was a big bull trend bar, but the follow-through was bad. This reduces the chances of an hour or two […]

Day trading an August stock market bear trend Updated 6:55 a.m. The Emini had consecutive outside days within a tight trading range. Hence, there is resistance to breaking out above or below the prior day. An outside day, especially within a tight trading range, increases the chances of an inside day. Consecutive outside days increase […]

How to trade July FOMC report Updated 6:55 a.m. The Emini reversed down from above yesterday’s high and from 2 ticks below last’s week’s all-time high. However, the selloff had bull bars after bear bars. This is more typical of a weak bear trend, a trading range, or an Opening Reversal. Since the Emini is […]

Getting ready to day trade tomorrow’s FOMC report: Updated 6:59 a.m. The Emini opened with a Trend From The Open Bull Trend. There is no Parabolic Wedge Top yet. The odds are that the 1st reversal down will be bought. While the rally is a buy vacuum test of yesterday’s high and a possible high […]

Democratic Convention stock market rally: Updated 6:55 a.m. Like most days over the past 2 weeks, the Emini sold off on the open. Then bulls again want an opening reversal, today, at the 60 minute moving average, and an early low of the day. The bears want a strong breakout below the 60 minute moving […]

Micro double top buy climax: Updated 6:50 a.m. The Emini began with an opening reversal down from the 60 minute moving average, a 50% pullback, and a test near the top of yesterday’s bear channel. Furthermore, yesterday’s reversal up was minor and therefore a bear rally. Finally, yesterday had a series of Moving Average Gap […]

Trading new all-time high stock market breakout: Updated around 7:04 a.m. The Emini began with an opening reversal up from a test of the old all-time high. It was also a 2nd leg down from yesterday’s double top major trend reversal. Yet, the buy signal bar had a big tail on top. Furthermore, the Emini […]

Day trading tight trading ranges: Updated around 6:55 a.m. The Emini sold off early on most days over the past couple of weeks. Yet, bulls came in and created Opening Reversals. This sometimes resulted in a low of the day, and other times it simply halted the selling for an hour or so. The bulls […]

ioi breakout mode candlestick pattern: I will update around 6:58 a.m. The Emini opened with 4 bars with prominent tails within yesterday’s range. This increases the chances that the 3 day tight trading range will grow. While the odds favor today trading either below yesterday’s low, above its high, or both, the probability is that […]