Emini 3 day island bottom but weak trend reversal up I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday. Since it gapped down 3 days earlier, the gap up created a 3 day island bottom. In addition, it gapped down on Friday. It therefore has a […]

Emini bear flag but higher low and possible triangle I will update again at the end of the day. Pre-Open market analysis The Emini reversed up slightly on Friday at the end of a strong down week. The bulls hope that last Tuesday and Thursday formed a successful micro double bottom, and that the Emini […]

Emini adage says Thanksgiving belongs to the bears I will update again at the end of the day. Pre-Open market analysis There is an old-timer’s stock market and therefore Emini adage that says Thanksgiving belongs to the bears and Christmas belongs to the bulls. I bring it up because it is part of stock market […]

Emini weak sell signal testing October sell climax low I will update again at the end of the day. Pre-Open market analysis By falling below Friday’s low, the Emini triggered a sell signal on the daily chart. But, Thursday and Friday were big bull days. Therefore, Friday is a low probability sell signal bar. Consequently, […]

Emini head and shoulders bottom but bear micro channel I will update again at the end of the day. Pre-Open market analysis By going above Thursday’s high, Friday triggered a buy signal on the daily chart. However, there is a 7 bar bear micro channel and Friday was the 1st pullback. Typically, the rally will […]

Emini buy signal bar for November head and shoulders bottom I will update again at the end of the day. Pre-Open market analysis As I said before yesterday’s open, yesterday was likely to form an early low of the day. The day closed on its high and it is a buy signal bar for a […]

Emini bad sell signal bar on weekly chart I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above Monday’s bear channel on the open, but sold off in a bear trend from the open. After closing a gap on the daily chart and reversing up from below […]

Emini selloff testing 2017 close and October 11 low I will update again at the end of the day. Pre-Open market analysis Since late October, I have been saying that the Emini would test the October 17 major lower high and stall. In addition, I mentioned that it might pull back 50% to the October […]

Emini inside bar after buy climax at October lower high I will update again at the end of the day. Pre-Open market analysis After a big bull day on Wednesday, yesterday was a small, bull inside doji day. It is therefore a buy signal bar on the daily chart. Because the rally was strong and […]

Emini rally from October parabolic wedge sell climax approaching resistance I will update again at the end of the day. Pre-Open market analysis Two weeks ago, I said that the October extreme sell climax would probably lead to a test of the October 17 major lower high. Yesterday came within 3 points and the bulls […]