Monthly S&P500 Emini futures candlestick chart:5th month in weak rally The monthly S&P500 Emini futures candlestick chart has a small bar so far in August. The Emini is deciding between a double top and a breakout above the January high. The monthly S&P500 Emini futures candlestick chart has rallied 5 months after February’s strong selloff. […]
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Emini High 1 bull flag so imminent all time high
Emini unlikely to create outside up candlestick on weekly chart
Intraday market update: Friday August 17, 2018
Emini unlikely to create outside up candlestick on weekly chart I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday and created a 1 day island bottom. While yesterday was a bull trend day, it closed below its high. But, the momentum up good enough to make […]
Emini failed bear breakout below ioi pattern in bull channel
Intraday market update: Thursday August 16, 2018
Emini failed bear breakout below ioi pattern in bull channel I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down and sold off early, but reversed up from the March high. That is the top of the 7 month trading range. Yesterday was therefore a reversal day and it […]
Emini ioi breakout mode pattern after island top
Intraday market update: Wednesday August 15, 2018
Emini ioi breakout mode pattern after island top I will update again at the end of the day. Pre-Open market analysis Yesterday was the 3rd sideways day after last week’s reversal down. The bulls want the bull trend to resume up from a higher low. A gap up today would create a 3 day island […]
Emini daily buy signal stronger than weekly sell signal
Intraday market update: Tuesday August 14, 2018
Emini daily buy signal stronger than weekly sell signal I will update again at the end of the day. Pre-Open market analysis Friday was a weak buy signal bar on the daily chart. There were therefore likely sellers above. Yesterday triggered the buy, but then reversed down. It broke below Friday’s low and formed an […]
Emini weekly sell signal for double top with January high
Intraday market update: Monday August 13, 2018
Emini weekly sell signal for double top with January high I will update again at the end of the day. Pre-Open market analysis Last week formed a reversal bar on the weekly chart. While it was not a big bear bar, the context is good for the bears. They now have a credible double top […]
Emini island top forming double top with January all-time high
Emini weekend update: August 11, 2018
Monthly S&P500 Emini futures candlestick chart:5 month rally, testing all-time high The monthly S&P500 Emini futures candlestick chart has a doji bar so far for August. The bears want a double top with the January high. They need a strong bear bar in August for a sell signal bar. The Emini monthly candlestick chart has […]
Emini outside down day and micro double top
Intraday market update: Friday August 10, 2018
Emini outside down day and micro double top I will update again at the end of the day. Pre-Open market analysis After a 4 day parabolic wedge rally on the 60 minute chart, the Emini has been in a tight range for 3 days. However, yesterday was an outside down day. It also was a […]
Emini pullback from parabolic wedge top on 60 minute chart
Intraday market update: Thursday August 9 2018
Emini pullback from parabolic wedge top on 60 minute chart I will update again at the end of the day. Pre-Open market analysis The Emini had another trading range day yesterday. Its high was below Tuesday high, and therefore yesterday is a High 1 bull flag. But, yesterday had a bear body and is therefore […]
Emini parabolic wedge top at measured move target
Intraday market update: Wednesday August 8, 2018
Emini parabolic wedge top at measured move target I will update again at the end of the day. Pre-Open market analysis The Emini rallied for 4 days in a tight bull channel on the 60 minute chart. This is extreme and unsustainable, and therefore climactic. It pulled back in a tight range yesterday from a […]
