Growing Emini parabolic buy climax before tax reform I will update around 6:52 a.m. The 5 minute chart had a small wedge top at the end of yesterday. That was nested inside of a 2 day wedge. The odds therefore favor some sideways to down trading today. Yet, the wedge bull channel was very tight. […]

Emini bulls want tax reform, creating growing buy climax Updated 6:58 a.m. The Emini gapped above yesterday’s high, but reversed down and closed the gap on the 3rd bar. Yet, the sell signal bar for the failed breakout above yesterday’s high had a bull body and yesterday had a 50 bar small pullback bull trend. […]

Buy climax so Emini is ignoring Republican tax cuts Updated 6:49 a.m. While the Emini had a small gap up, it closed on the 1st bar. In addition, the 1st bar was a doji bar, which means that there is not yet much energy. Since the Emini is breaking above the top of a 5 […]

Emini end of quarter window dressing, but buy climax Updated 6:54 a.m. The 2nd bar was a strong bear reversal bar that formed a double top with Wednesday’s all-time high, In addition, yesterday’s rally was weak and therefore probably a bull leg in what will become a trading range. The Emini is now trying to […]

Emini stalling at 2500 Big Round Number despite Republican tax reform Updated 6:42 a.m. Yesterday was a big range day that opened and closed in the middle. The Emini opened today in the middle of yesterday’s range. The odds are against a big move above or below yesterday’s range. Furthermore, today has an increased chance […]

Emini buy climax awaiting catalyst for 100 point correction Updated 6:45 a.m. The Emini opened with a big gap above yesterday’s close and 2500, and a small gap above yesterday’s high. Since the 1st 2 bars were bull bars, the Emini is Always In Long. This reduces the chances of a bear trend day. Because […]

Emini testing August high breakout point but possible 5% correction Updated 6:45 a.m. The Emini had follow-through buying on the open. Yesterday was a buy signal bar. By breaking above its high, the bulls therefore triggered the buy signal. Yet, since yesterday was a doji, it is a weak signal bar. In addition, today’s entry […]

Emini buy climax weekly and daily sell signal above 2500 Updated 6:46 a.m. Today opened at the bottom of the 5 day tight range. It formed an outside up bar on the 2nd bar, and therefore a micro double bottom at the bottom of the range. Yet, the bar was a bear doji. Limit order […]

Emini stalling after 2500 September breakout Updated 6:51 a.m. The Emini gapped below yesterday’s low and therefore triggered a sell signal on the daily chart. Yet, the 1st bar was a strong bull bar and it reversed up above yesterday’s low. However, the 2nd bar had a bear body, which was a reversal back down. […]

Emini ignoring FOMC report, but stalling at 2500 Big Round Number Updated 6:45 a.m. Yesterday’s rally was a spike and channel bull trend. Since the channel usually evolves into a trading range, and early trading range is likely today. Because yesterday was a doji day, today will probably be mostly a trading range day. Since […]