North Korea is catalyst for 5% stock market correction Updated 6:48a.m. Today opened within the tight range at yesterday’s close. The gap below is a magnet, and the bear trend line above is as well. Since an early trading range is likely, the Emini will probably test both in the 1st 2 hours. It is […]

Emini buy climax and North Korea catalyst Updated 6:51 a.m. The Emini sold off on the open, but it is at the bottom of a month-long trading range. Yesterday was a good bull bar on the daily chart. Today opened near yesterday’s low. If today closes on its low, that combination would be a strong […]

Emini trend reversal after failed new high breakout Updated 6:52 a.m. The Emini traded below last week’s low. This week is therefore an outside down week. The bears need the week to close far below last week’s low. The bulls want the opposite. The Emini had a failed reversal up on the open. It reversed […]

Emini buy climax is waiting for a catalyst Updated 6:53 a.m. Yesterday reversed down from above last week’s high at the end of day. Today, the bulls are trying to reverse the Emini up from below yesterday’s low and the 60 minute moving average. The Emini is Always In Long. Yet, the Emini has been […]

Emini buy climax awaiting next catalyst Updated 6:53 a.m. Today began with a continuation of Friday’s tight range. This therefore increases the chances of another mostly trading range day. Yet, since Friday was so extremely tight, day traders will watch for a breakout into a trend day today. The 3 week range is still above […]

Unemployment report is catalyst for Emini breakout Updated 6:55 a.m. The Emini gapped up and rallied on the open, but the 1st 3 bull bars had prominent tails on top. While the Emini is Always In Long, this is weak buying. If the bulls do not get a big bull bar closing on its high […]

Emini is ignoring Trump China, North Korea, and Russia sanctions Updated 6:46 a.m. Yesterday ended with a small wedge. Therefore the odds favor 2 legs sideways to down. Since the wedge was only 4 points tall, the odds are that the open will be mostly sideways. The bottom of the wedge is around the 60 […]

Emini awaiting catalyst to begin 5% September correction Updated 6:53 a.m. Today began with a failed breakout above yesterday’s high. Yet, the sell signal bar was a bull trend bar. Because this is a weak sell signal and limit orders bulls made money buying the close of the 1st bar, the odds favor an early […]

August and September are seasonally weak in Emini Updated 6:52 a.m. The Emini reversed down from yesterday’s high with 2 bear bars. While there is still a 2 week head and shoulders top on the 60 minute chart, the bears need a strong reversal down before traders believe that they have taken control. The 1st […]

Emini buy climax needs sell signal and trend reversal Updated 6:53 a.m. The bear ioi sell signal on the open is a 2nd failed breakout above yesterday’s high. This is therefore a reasonable swing short for the high of the day. Yet, the small bars make an early trading range likely, whether or not this […]