Posted 7:05 a.m. The Emini gapped down, but reversed up strongly from the 1st pullback to the 60 minute moving average in several days. The Emini is Always In Long, and there is a 70% chance that the 1st bar of the day will remain the low of the day or the low of the […]
Intraday market update: October 13, 2015
Intraday market update: October 12, 2015
Learn how to trade the markets after trend exhaustion
Posted 7:15 a.m. Friday’s tight trading range continued on the open, and an early tight trading range increases the chances of a lot of trading range price action for the rest of the day. Friday was a doji day after Thursday’s buy climax. The climax was at resistance. The odds are that the Emini will […]
Emini weekend update: October 10, 2015:
Learn how to trade the markets at the top of the trading range
Monthly S&P500 Emini futures candlestick chart: Bull flag at the moving average The monthly S&P500 Emini futures candlestick chart is holding above the moving average after the first pullback to the average in 38 months. The monthly S&P500 Emini futures candlestick chart has tried to break below the moving average during each of the 3 […]
Intraday market update: October 9, 2015
Learn how to trade the markets in a breakout
Posted 7:15 a.m. The Emini broke above the September high by a couple of ticks and then reversed down. Since this is occurring after a buy climax, it reduces the chances of a strong bull trend day. The reversal down was strong enough to make the Emini Always In Short, but the rally yesterday was […]
Intraday market update: October 8, 2015
Learn how to trade the markets when the price action is unclear
Posted 7:33 a.m. The Emini began with a tight trading range in the middle of yesterday’s 2 hour range and in the middle of the 2 day range. It was a limit order open, and it increases the chances or more trading range price action, like the past 2 days. Since it opened in the […]
Intraday market update: October 7, 2015
Learn how to trade the markets at resistance
Posted 7:25 a.m. The Emini rallied on the open, but the bull bars were followed by bear bars, and bear scalpers made money selling above the high of the prior bar. This more often happens when a rally is a bull leg in a trading range, and less often when it is the start of […]
Intraday market update: October 6, 2015
Learn how to trade the markets testing a gap
Posted 7:19 a.m. The Emini tested yesterday’s high and the August 28 double top with September 9 and pulled back sharply. The bears saw an expanding triangle top with the final hour of yesterday, but the rally on the open was strong enough so that the bears will probably need either a 2nd entry sell […]
Intraday market update: October 5, 2015
Learn how to trade a bull reversal
Posted 7:02 a.m. The bulls got a trend from the open bull trend, but the buying from Friday’s low is climactic and the odds favor profit taking. It should last at least a couple of hours and possibly all day. Although it is possible for this early trend to last all day, there is a […]
Emini weekend update: October 3, 2015:
Candlestick pattern is a bull trend reversal in a trading range
Monthly S&P500 Emini futures candlestick chart: Pullback to moving average after buy climax The monthly S&P500 Emini futures candlestick chart has held at the moving average for two months, but because the bull trend was climactic, the correction might last many more months. The monthly S&P500 Emini futures candlestick chart is correcting after 38 months above […]
Intraday market update: October 2, 2015
Learn how to trade the markets after a report
Posted 7:25 a.m. The Emini began with reversals up and down in a narrow range, which was a triangle, and it was in breakout mode. When that is the case, bulls look for a small bull reversal bar near the bottom that closes on its high, and bears want a bear reversal bar at the […]
