Emini bull flag after Turkey Coup: I will update around 6:55 a.m. Today opened within Friday’s trading range. The 1st 3 bars had prominent tails. This is a continuation of Friday’s trading range price action, and it increases the chances of a lot of trading range price action today. Friday was an outside down day […]
Emini bull flag after Turkey Coup
How to trade a breakout to an all time high
Emini weekend update: July 16, 2016
Monthly S&P500 Emini futures candlestick chart:How to trade a breakout to an all time high The monthly S&P500 Emini futures candlestick chart is breaking strongly above a 2 year trading range. The monthly S&P500 Emini futures candlestick chart has a big bull breakout bar above a 2 year trading range. While there are still 2 […]
S&P500 60 minute chart wedge top reversal
Intraday market update: July 15, 2016
S&P500 60 minute chart wedge top reversal: I updated 7:02 a.m. Like every day this week, the Emini sold off early. Because yesterday was a small range day, today could trade below its low and become an outside down day. As a result of the early selling in an overbought market, the odds favor sideways […]
Bull flag candlestick pattern coming soon
Intraday market update: July 14, 2016
Bull flag candlestick pattern coming soon: Updated 6:50 a.m. The Emini opened with a big gap up at the top of the 60 minute wedge bull channel. It also tested a measured move up from yesterday’s range. It reversed down over the 1st several bars and is Always In Short. Because the bear bars had […]
Trading S&P breakout to new all-time high
Intraday market update: July 13, 2016
Trading S&P breakout to new all-time high: Update 6:57 a.m. The Emini opened on its high tick above yesterday’s high and sold off in a trend from the open bear trend. It is Always In Short. The bulls want an opening reversal up from the bottom of yesterday’s tight trading range. The odds are that […]
How to trade a new S&P all-time high
Intraday market update: July 12, 2016
How to trade a new S&P all-time high: Updated 7:10 a.m. The Emini gapped up to the top of the 60 minute bear channel. The 1st 3 bars were bull bars and formed a Trend From The Open bull trend. Because the bars were not big, the bulls were somewhat hesitant. Also, the Emini is […]
S&P cash index new all time high
Intraday market update: July 11, 2016
S&P cash index new all time high: Updated 6:53 a.m. The Emini gapped up on the daily and weekly charts to a new all-time high. The 1st bar was a big bull trend bar and it was followed by 2 bull dojis. While the odds are against a big bull trend day, this has been […]
New all time high breakout
Emini weekend update: July 9, 2016
Monthly S&P500 Emini futures candlestick chart:New all time high breakout The monthly S&P500 Emini futures candlestick chart had a new all-time high breakout. While the month has a long time before it closes, its current close is at a new high. The bulls need a strong close at the end of July. Furthermore, they need […]
Price action trading strategies after the unemployment report
Intraday market update: July 8, 2016
Price action trading strategies after the unemployment report: Update 6:51 a.m. The Emini opened with a big gap up but the 1st bar was a big bear bar. Furthermore, the next two bars had tails. The Emini is Always In Long and in a Trend From The Open bull trend, and there are magnets above. […]
Learn how to trade an expanding triangle
Intraday market update: July 7, 2016
Learn how to trade an expanding triangle: Updated 7:01 a.m. The Emini began with a Trend From The Open bull trend and rallied above last week’s high. Hence, it triggered a buy signal on the weekly chart. Because yesterday was climactic, the odds are that this initial rally will end after 5 – 10 bars. […]
