Emini daily buy signal stronger than weekly sell signal I will update again at the end of the day. Pre-Open market analysis Friday was a weak buy signal bar on the daily chart. There were therefore likely sellers above. Yesterday triggered the buy, but then reversed down. It broke below Friday’s low and formed an […]

Emini weekly sell signal for double top with January high I will update again at the end of the day. Pre-Open market analysis Last week formed a reversal bar on the weekly chart. While it was not a big bear bar, the context is good for the bears. They now have a credible double top […]

Emini outside down day and micro double top I will update again at the end of the day. Pre-Open market analysis After a 4 day parabolic wedge rally on the 60 minute chart, the Emini has been in a tight range for 3 days. However, yesterday was an outside down day. It also was a […]

Emini pullback from parabolic wedge top on 60 minute chart I will update again at the end of the day. Pre-Open market analysis The Emini had another trading range day yesterday. Its high was below Tuesday high, and therefore yesterday is a High 1 bull flag. But, yesterday had a bear body and is therefore […]

Emini parabolic wedge top at measured move target I will update again at the end of the day. Pre-Open market analysis The Emini rallied for 4 days in a tight bull channel on the 60 minute chart. This is extreme and unsustainable, and therefore climactic. It pulled back in a tight range yesterday from a […]

Emini buy vacuum test of July high and all-time high I will update again at the end of the day. Pre-Open market analysis Yesterday was the 3rd consecutive strong bull trend day. It broke above last week’s high and the July high. However, the 5 minute chart has been in a tight bull channel for […]

Emini follow-through buying after consecutive outside day I will update again at the end of the day. Thursday was an outside up day after an outside down day on Wednesday. It was therefore a buy signal bar. Friday was the entry bar on the daily chart, and it provided reasonable follow-through buying. This increases the […]

Emini buyers below last week’s sell signal bar I will update again at the end of the day. Pre-Open market analysis I have been saying for the past week that the bears would get a 50 – 100 point pullback over the next couple of weeks, and then the Emini would resume up to a […]

Emini 2nd leg down in early August after buy climax I will update again at the end of the day. Pre-Open market analysis The Emini sold off strongly yesterday and formed an outside down day prior to the 11 a.m. FOMC announcement. However, it closed above the low and the daily chart had a tail […]

Emini 50% retracement of 2 day selloff ahead of FOMC I will update again at the end of the day. Pre-Open market analysis Yesterday retraced about half of the 2 day selloff. The odds were that the Emini would bounce at the 20 day EMA and try to get more neutral ahead of today’s FOMC […]