Emini bulls need follow-through buying after breakout I will update again at the end of the day. Pre-Open market analysis The Emini was in a Spike and Channel Bear Trend on Friday after Thursday’s gap up to a new high. A gap up to a new high usually leads to at least a couple days […]
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Emini bulls need follow-through buying after breakout
Emini considering China tariffs ahead of Wednesday’s FOMC
Emini weekend update: September 22, 2018
Monthly S&P500 Emini futures candlestick chart: Emini considering China tariffs ahead of Wednesday’s FOMC The candlestick on the monthly S&P500 Emini futures candlestick chart is a small bull doji so far in September. However, it made a new all-time high and the 6 month rally is strong. The monthly S&P500 Emini futures candlestick chart broke […]
Emini gap up ahead of Wednesday’s FOMC announcement
Intraday market update: Friday September 21, 2018
Emini gap up ahead of Wednesday’s FOMC announcement I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to another all-time high and was a strong bull trend day in a bull trend. But, whenever there is a gap up, there is often a gap down. The gap down […]
Emini ignoring China tariffs and trade war ahead of FOMC
Intraday market update: Thursday September 20, 2018
Emini ignoring China tariffs and trade war ahead of FOMC I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways for 5 days. Traders are deciding if the rally will continue up to the measured move targets above at around 3100 and 3200 or reverse down. The […]
Emini spike and wedge channel bull trend at last week’s high
Intraday market update: Wednesday September 19, 2018
Emini spike and wedge channel bull trend at last week’s high I will update again at the end of the day. Pre-Open market analysis Last week was a bull bar closing on its high on the weekly chart. Since that chart is in a bull trend, last week is a buy signal bar for this […]
Emini 3 day exhaustion gap is minor trend reversal
Intraday market update: Tuesday September 18, 2018
Emini 3 day exhaustion gap is minor trend reversal I will update again at the end of the day. Pre-Open market analysis By closing the gap above Wednesday’s high, the gap is now an exhaustion gap. Magnets below on the daily chart are the bull trend line, the 20 day EMA, and the January high. […]
Emini possible minor double top at August all time high
Intraday market update: Monday September 17, 2018
Emini possible minor double top at August all time high I will update again at the end of the day. Pre-Open market analysis The Emini rallied last week, but the rally lacked consecutive big bull bars. It therefore looks more like a leg in a trading range than a bull trend. Friday closed with a […]
Emini possible minor trend reversal at August high
Emini weekend update: September 15, 2018
Monthly S&P500 Emini futures candlestick chart:6 month rally to new all-time high The candlestick on the monthly S&P500 Emini futures chart is a doji inside bar so far in September. The 6 month rally is likely to continue. The monthly S&P500 Emini futures candlestick chart is having strong trend resumption up after the February selloff […]
Emini weak bull trend resumption but trend line below
Intraday market update: Friday September 14, 2018
Emini weak bull trend resumption but trend line below I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday, but formed a small trading range day. This is weak follow-through after Tuesday’s bull reversal. If the bulls do not get strong buying in the next few days, […]
Emini 50% retracement of last week’s bear trend
Intraday market update: Thursday September 13, 2018
Emini 50% retracement of last week’s bear trend I will update again at the end of the day. Pre-Open market analysis The Emini formed a trading range yesterday after Tuesday’s rally. That rally topped out at a 50% retracement of the 2 week selloff. After yesterday’s lack of follow-through buying, the bulls need a bull […]
