Emini wedge lower high major trend reversal in strong rally Updated 6:45 a.m. Yesterday had a series of buy climaxes. That increases the odds for exhaustion. An exhausted bull trend typically evolves into a trading range. The early bear bars today are a sign that the bull trend is weakening. They increase the odds of […]

Emini is in breakout mode on the daily and weekly charts Updated 6:55 a.m. The Emini gapped up on the daily and weekly charts and rallied on the open. However, the early bear bar was a sell signal for a possible high of the day. The bull entry bar created confusion. While the Emini is […]

Emini is in Breakout mode on the daily and weekly charts Updated 6:45 a.m. The Emini broke above yesterday’s bear channel, but immediately stalled at all of the resistance around the open of the week. It is a trading range open in the middle of a 4 day trading range, and in a cluster of […]

Emini weak bull flag in developing trading range Updated 6:41 a.m. The Emini opened with a big gap up and a strong bull bar. However, it needs to break strongly above the February 7 lower high, which is around the 60 minute moving average and the top of yesterday’s sell climax. More likely, today will […]

Emini rally stalling at resistance and from Mueller’s investigation Updated 6:42 a.m. The Emini broke above yesterday’s bear channel on the open and is above both the 5 and 60 minute 20 bar EMAs. Yesterday was an expanding triangle, and the bulls have a strong reversal up on the open. They hope this rally will […]

Emini strong bull trend resumption entering sell zone Updated 6:51 a.m. The Emini reversed up from yesterday’s low and the 60 minute EMA on the open. The bulls want a double bottom and a break above yesterday’s lower high, which is the neck line. A measured move up from there would break above last week’s […]

Emini testing resistance of lower high and moving average Updated 6:45 a.m. The Emini reversed up strongly from the moving average on the open. However, it was mostly sideways for the final hour of yesterday and it is within that range. In addition, it is at the target of last week’s lower high. That might […]

Emini in tradable bull leg to above 2750 in developing trading range Updated 6:45 a.m. The Emini gapped up and immediately reversed down with a big bear bar. The bulls created an opening reversal up from above yesterday’s high and kept the gap open. The next bar sold off again. This is an early tight […]

Emini bull leg in trading range after tradable bottom Updated 6:44 a.m. Today opened with a big gap down to the 60 minute EMA and the open of the week. It reversed up strongly and then down strongly. Traders do not want to use stop entries when the bars are huge. This is therefore a […]

Emini bull leg in developing trading range after 10% correction Updated 6:44 a.m. The Emini tested the 60 minute moving average and the open of the week on the open. The bulls are trying for an Opening Reversal up from this support and an early low of the day. The odds are that the Emini […]