Posted 7:00 a.m. The Emini gapped up and formed a trend from the open bull trend, but the bodies were not big, the tails were prominent, and it was far above the moving average. It tested back into the October 5 gap as expected, and then tested down. This is a trading range open, and […]

Posted 7:03 a.m. Although the Emini sold off from the open, the follow-through bars were bad. Given the context, which favors 1 – 3 days of sideways to up, and the bad follow-through down, the odds are that this initial selloff will become a bear leg in a trading range. The selloff has been strong […]

I will post around 6:56 a.m. The Emini triggered an expanding triangle bear flag short after the 2nd bar of the day. However, it reversed up 4 times from the bottom of the October 5 gap, and each time it did so from a lower low. The odds are that the bulls will not wait […]

Posted 6:51 a.m. The Emini reversed up strongly on the 2nd bar after testing the October 5 gap. The follow-through has been weak, but when there is an extreme sell climax on the 60 minute chart and a strong reversal up at support on the daily chart, the day is not likely to be a […]

Posted 7:00 a.m. The Emini opened with a big gap down, but there were no bear bodies in the 1st 5 bars. This lowered the probability of bear trend day. However, there were 4 dojis. This lowered the probability of a strong bull trend day. Dojis are small trading ranges, and this open increases the […]

Posted 6:58 a.m. The Emini began with a tight trading range after yesterday’s consecutive buy climaxes. There is a 75% chance of at least a couple of hours of trading range price action beginning by the end of the 2nd hour, and it might have already begun. There is a 50% chance of follow-through buying […]

Posted 7:00 a.m. The Emini dipped below the December 17 higher low and found buyers. The bulls want a 60 minute double bottom higher low major trend reversal. The location at the bottom of a 3 month trading range is good for the bulls, as was the reversal up after the failed bear breakout. The […]

Posted 7:02 a.m. The Emini opened with a gap down, but it was followed by several bars with prominent tails. This was weak follow-through selling and it reduces the chances of a strong bear trend. The Emini is Always In Short, but it is far below the moving average, it is forming a lot of […]

Posted 7:09 a.m. The Emini broke below yesterday’s bull channel and found support at the beginning of the channel. It formed an early tight trading range, which increases the chances that today’s price action will resemble that of the past 2 days. If so, day traders will mostly scalp, and many will enter with limit […]

Posted 7:04 a.m. The Emini gapped up, but it quickly formed doji bars. This increased the chances of trading range price action for the next hour or so, and for the rest of the day, whether or not there is a swing up or down in the 1st hour or two. At the moment, the […]