Emini 10 percent correction but monthly bull flag Updated 6:45 a.m. The Emini gapped up on the open, but the gap was small. Moreover, the 60 minute moving average, and yesterday’s high and close were magnets below. Finally, this early rally is forming a wedge top with the 2 highs from Friday. Unless the bulls […]

Emini technical selloff from historically overbought higher time frame charts Updated 6:41 a.m. Today gapped above yesterday’s bear channel. However, the 1st bar was a doji bar in the middle of yesterday’s late selloff. A neutral bar in the middle of something is a sign of complacency. It therefore increases the odds of a trading […]

Emini buy and sell climaxes before government shutdown vote Updated 6:48 a.m. Monday’s buy signal is stronger than yesterday’s sell signal. The Emini was sideways yesterday and it will likely continue today. This means that traders will look for the 1st 1 – 3 hour trend to reverse and then start an opposite swing. The […]

Emini sell climax after buy climax so trading range likely Updated 6:43 a.m. The Emini began in yesterday’s hour long tight trading range, just below yesterday’s high and the 60 minute EMA. Since yesterday is a buy signal bar, the early break above its high triggered the buy signal on the daily chart. But, the […]

Emini stock market crash on 5 minute chart Updated 6:38 a.m. The Emini reversed up from below yesterday’s low, and yesterday’s sell climax was extreme. The odds are that the Emini will rally to above the final sell climax high at around 2700 by the end of the week. Because yesterday was a huge sell […]

Emini double top leading to 5% correction Updated 6:44 a.m. The Emini opened with a big gap down, but it had a strong bull bar. This reduces the chances of a big bear trend day. In addition, it increases the odds that a 2 hour sideways to up move will begin in the 1st hour. […]

Likely start of Emini 5% correction after buy climax Updated 6:45 a.m. The Emini gapped down and is between important support and resistance. Consequently, it might test both today. The 20 day EMA below is at the 2800 Big Round Number. Yesterday’s low and last week’s low are just above. The 1st 2 bars had […]

Stock market January barometer is strong, but 5% correction soon Updated 6:40 a.m. Today gapped down to around yesterday’s low, despite yesterday’s strong reversal up into the close. The bulls want a higher low major trend reversal after yesterday’s lower low major trend reversal. Because there was a strong selloff yesterday and then a strong […]

Emini profit-taking after parabolic wedge buy climax and before Trump testimony Updated 6:48 a.m. Today gapped above yesterday’s triangle, but not above yesterday’s high. The bulls want to close the gap below Monday’s low. Yet, unless the rally reaches a new all-time high, the bears will sell it. They want to create a lower high […]

Emini profit taking and 5% correction after strong January barometer? Updated 6:38 a.m. The Emini opened with a big gap down to around the bottom of the 6 day range. The 1st bar was a strong bull bar. It therefore is a possible low of the day. When the Emini opens at support in a […]