Failed Obamacare Health Care repeal vote creating stock market volatility Updated 6:46 a.m. The Emini opened with a big gap down, yet stalled. The early tight trading range increases the chances of a lot of trading range price action today. Furthermore, it reduces the chances of a strong trend up or down. In addition, this […]

Affordable Care Act repeal is catalyst for 5% market correction Updated 6:50 a.m. While the Emini opened with a gap up, it opened just below the 60 minute moving average. This is therefore a sign of hesitation by the bulls. In addition, the gap up after yesterday’s late selloff creates a Big Down, Big Up, […]

Likely 5 percent correction to Dow 20000 erasing 2017 gains Updated 6:50 a.m. Yesterday was a trading range day and today opened in the middle of yesterday’s range. Hence, the odds favor more sideways trading. Because yesterday had a bull body after Tuesday’s big bear breakout, it is a buy signal bar on the daily […]

Trump rally stock market correction to Dow 20,000 Updated 6:48 a.m. While today broke below yesterday’s low, the 1st bar closed back above that low. In addition, it was a bear doji, just like the final bars of yesterday. This tight trading range price action reduces the chances of a strong trend day up or […]

Brexit not affecting Trump rally, but correction soon Updated 6:47 a.m. The Emini gapped above the 60 minute moving average. It also gapped above yesterday’s high, but immediately closed the gap. Yet, the bears were unable to get a quick move down. Furthermore, the bars are not big. Hence, this is therefore a balanced market […]

End of quarter window dressing before 5% correction Updated 6:51 a.m. The open continued Friday’s parabolic sell climax. Yet, most sell climaxes evolve into trading ranges. Therefore the odds are that the downside will be limited over the 1st hour or two. There is a 60 minute bull trend line and a leg 1 = […]

Weak Trump rally resumption after Fed interest rate hike Updated 6:46 a.m. The bears created a big bear trend bar on the open. This increased the chances that the Emini is beginning a 2nd leg down from Wednesday’s buy climax. Yet, the 60 minute moving average is strong support. The bears therefore need strong selling […]

FOMC Fed interest hike rally testing all-time high Updated 6:46 a.m. Today opened with a doji bar in the middle of yesterday’s reversal. This is a trading range open and it increases the odds that the trading range after yesterday’s buy climax has begun. Furthermore, it increases the odds that today will be a trading […]

March FOMC Fed interest rate hike is breakout catalyst Updated 6:48 a.m. The Emini gapped up, but reversed down on the open. The bears therefore want a trend from the open near trend. Yet the bear bars were not big, and they were testing the support of yesterday’s high and the 60 minute moving average. […]

March FOMC Fed rate hike tomorrow is stock market catalyst Updated 6:58 a.m. The Emini opened with a small gap down, but reversed up on the 2nd bar. Yet, the reversal did not immediately close the gap. Hence, the bears were disappointed by a small gap down and bad follow-through. In addition, the bulls were […]