Emini correcting after Yellen and Trump healthcare failure Updated 6:47 a.m. While the Emini gapped above a major lower high from yesterday, the follow-through buying was weak. Since yesterday sold off and today gapped up, there is a Big Down, Big Up, Big Confusion open. Therefore, the odds favor a trading range over the 1st […]

Trump’s health care bill and tax reform might disappoint bulls Updated 6:55 a.m. Last week is a sell signal bar on the weekly chart. Today’s early selloff is a test of last week’s low. The bears need a strong breakout and follow-through over the next several days if they are going to get a reversal […]

Will the stock market bears get a black swan event? Updaated 6:51 a.m. The Emini gapped up and had consecutive bull bars. It is therefore Always In Long. Yet, most days over the past month have had a lot of trading range price action. The odds are that this will be the same for today. […]

Emini ignoring Trump’s Obamacare repeal plan Updated 6:53 a.m. The Emini sold off below yesterday’s low on the open. The bulls want a reversal up. Yet, the channel down from yesterday’s high was tight. Therefore, the 1st rally will probably be minor. Hence, the odds are against a strong trend up for at least an […]

Emini awaiting Trump’s revision of Obamacare health care bill Updated 6:52 a.m. Today opened in yesterday’s tight trading range. The bulls need a break above a major lower high to convert the 2 day bear channel into a trading range. The bears want a strong break below yesterday’s low to create a measuring gap. They […]

Emini buy climax and failed breakout to new high Updated 7:00 a.m. Limit order bulls and bears both made money in the 1st 4 bars. This is an early sign of trading range price action. Furthermore, there were several reversals in the 1st 6 bars. Traders are deciding if the Emini will rally, or selloff […]

New S&P500 all time high, but Nasdaq divergence Updated 6:49 a.m. Yesterday was a spike and wedge channel bull trend. The odds favor a trading range. Furthermore, the odds favor disappointing follow-through for the bulls. Hence, today will probably close below its open and form a bear bar on the daily chart. Since today is […]

Emini bull flag in buy climax after FOMC Fed rate hike Updated 6:56 a.m. The Emini gapped up on the open to within 4 points of the all-time high. Yet, it formed a small bear doji bar. This one bar is enough to increase the odds of a lot of trading range price action today. […]

Emini buy climax and FOMC fed interest rate hike Updated 6:43 a.m. Today sold off on the open from yesterday’s high. It did not go above and trigger the buy signal yet, but it might later today. Since yesterday’s spike and channel bull trend will likely evolve into a trading range today, the odds are […]

Emini buy climax more important than FOMC interest rate hike Updated 6:45 a.m. The Emini gapped down, but formed consecutive bull bars on the open. But, unless it rallies strongly above the moving average, the bears will try to form an opening reversal down. They often form a double top or a wedge top. At […]