Emini breakout above 2400 round number and all-time high Updated 6:49 a.m. The Emini broke to a new all-time high on the open. Yet, most of the past 10 days had an early selloff. Furthermore, most had early trading range price action and most were trading range days. Since the first several bars today look […]

Breakout above April stock market high leading to correction Updated 6:47 a.m. The Emini reversed down from 1 tick below Friday’s high, which was a perfect double top with the March 1 all-time high. Friday’s rally was also parabolic. Yet today’s 1st bar created a Big Down move after a Big Up Move. This creates […]

Obamacare repeal is not cause of May June correction Updated 6:55 a.m. While the Emini gapped above yesterday’s high, it sold off and closed the gap. In addition, the 1st several bars had bear bodies and prominent tails. But, the bears were unable to create consecutive big bear trend bars. The open therefore looks like […]

Trump rally buy climax breakout above final bull flag Update 6:51 a.m. The Emini gapped above yesterday’s high, but immediately reversed down and closed the gap. The bears therefore would like a bear trend day. In addition, they would like the selloff to fall below yesterday’s low and create an outside down day. While the […]

Stock market 5 percent correction regardless of earnings reports Updated 6:46 a.m. The Emini opened at yesterday’s low and the first 2 bars were small dojis. The bears were unable to create a big gap down, and the bulls were unable to create a strong reversal up. Hence, both feel that the price of the […]

Trump tax cut rally is buy climax at 2400 resistance Updated 6:57 a.m. The April high is a magnet just above, and the 60 minute moving average and yesterday’s low are support. At the moment, the Emini is Always In Short because of a pair of strong bear bars. The bears are trying to break […]

Sell in May and go away, expecting 5 percent correction Updated 6:49 a.m. Today opened with a pair of bear bars. Yet, last week’s high was the April high. Since April was a small bull flag, its high is a magnet. In addition, the bulls tried to reverse up on the 3rd bar, but the […]

Correction after Trump tax cut and Obamacare repeal and replace Updated 6:49 a.m. Yesterday reversed up strongly from a wedge bottom. Therefore, the odds favor a 2nd leg up today. Yet, today opened with 3 big bear bars within yesterday’s 4 hour trading range. Therefore, the bulls are hesitating. They want an opening reversal up […]

S&P500 double top at all time high causing 5 percent correction Updated 6:53 a.m. The Emini reversed up from above yesterday’s low without a strong buy signal bar. Since yesterday is a sell signal bar and the context is good, the odds are today will trade below its low. Furthermore, the 60 minute moving average […]

Trump rally resumption is likely bull trap at all time high Updated 6:44 a.m. The Emini opened within yesterday’s tight range. In addition, the initial rally pulled back from the March 15 lower high. Furthermore, it failed at that price several times yesterday. These factors reduce the chance of a big bull trend day, despite […]