Emini 60 minute parabolic wedge buy climax below March high I will update again at the end of the day. Pre-Open market analysis Yesterday had a small range and was sideways. The 3 day rally is losing momentum now that it is near the top of the 6 month range. This reduces the chance of […]
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Emini 60 minute parabolic wedge buy climax below March high
Emini testing 2800 top of 6 month trading range
Intraday market update: July 10, 2018
Emini testing 2800 top of 6 month trading range I will update again at the end of the day. Pre-Open market analysis Yesterday was a small bull day. It therefore was follow-through buying after Friday’s breakout above June’s bear channel. This increases the chance of a test of the June 13 high of 2796.00 and […]
Emini brief July rally from head and shoulders bottom
Intraday market update: July 9, 2018
Emini brief July rally from head and shoulders bottom I will update again at the end of the day. Pre-Open market analysis The Emini broke above the neck line of a head and shoulders bottom on the 60 minute chart. Since the breakout went far above, the odds are that there will be at least […]
Emini small summer rally likely despite China trade war
Emini weekend update: July 7, 2018
Monthly S&P500 Emini futures candlestick chart:Weak rally after buy climax July so far on the monthly S&P500 Emini futures candlestick chart is a small bull bar. The 3 month rally has been weak and more sideways trading is likely. The monthly S&P500 Emini futures candlestick chart has been sideways for 6 months. This follows the […]
Emini 60 minute head and shoulders bottom for minor summer rally
Intraday market update: July 6, 2018
Emini 60 minute head and shoulders bottom for minor summer rally I will update again at the end of the day. Pre-Open market analysis The Emini reversed up yesterday on the 5 minute chart. Today was the 1st breakout above a lower high on the 60 minute chart in a month. It has been forming […]
Emini 60 minute head and shoulders bottom despite China trade war
Intraday market update: July 5, 2018
Emini 60 minute head and shoulders bottom despite China trade war I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways for 2 weeks. But, it is forming another higher low. On the 60 minute chart, Monday was a higher low major trend reversal after Thursday’s lower […]
Emini bear leg in trading range after weak June wedge top
Emini weekend update: June 30, 2018
Monthly S&P500 Emini futures candlestick chart:Lower high and doji bar in bull flag The monthly S&P500 Emini futures candlestick chart in June was a doji bar. It is therefore a neutral bar and a low probability sell signal bar for July. The bull flag now has 5 bars. The monthly S&P500 Emini futures candlestick chart […]
Emini micro double bottom but minor trend reversal
Intraday market update: June 29, 2018
Emini micro double bottom but minor trend reversal I will update again at the end of the day. Pre-Open market analysis After Wednesday’s sell climax, yesterday was bull trend day. The bulls see it as a buy signal bar on the daily chart for a double bottom with Monday’s low. Their minimum goal is a […]
Emini outside down day after Tuesday’s inside day
Intraday market update: June 28, 2018
Emini outside down day after Tuesday’s inside day I will update again at the end of the day. Pre-Open market analysis Yesterday was a big outside down day after Monday’s big bear breakout. The bears want a break below the May 29 higher low, and then a breakout below the 5 month trading range. The […]
Emini doji inside day buy signal bar and seasonally bullish
Intraday market update: June 27, 2018
Emini doji inside day buy signal bar and seasonally bullish I will update again at the end of the day. Pre-Open market analysis The Emini formed a small bull doji inside day yesterday after Monday’s bear breakout. This reduces the chance of a big selloff this week. The Emini is back in the May trading […]
