Emini pausing at resistance while Trump decides on Syria attack Updated 6:45 a.m. Today opened just above yesterday’s low. Since yesterday was at the top of a 3 week trading range, it is a sell signal bar, even though it had a bull body. Therefore, the Emini today might have to go below yesterday’s low. […]
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Emini pausing at resistance while Trump decides on Syria attack
Emini in breakout mode awaiting Trump’s response to Syria and China
Intraday market update: April 10, 2018
Emini in breakout mode awaiting Trump’s response to Syria and China Updated 6:41 a.m. The Emini had a big gap up. It opened within the 3 hour trading range that formed at yesterday’s high. The odds are that it will be sideways for the 1st hour until it gets closer to the EMA, and then […]
Emini correction continuing during Trump’s trade war with China
Intraday market update: April 9, 2018
Emini correction continuing during Trump’s trade war with China Updated 6:43 a.m. The Emini gapped up. Resistance above is at the top of Friday’s sell climax around 2636. That is also near the open of the month and the 60 minute EMA. Support below is at Friday’s close and the EMA. Since Friday ended with […]
Emini weak double bottom and Trump’s China trade war
Emini weekend update: April 7, 2018
Monthly S&P500 Emini futures candlestick chart:Should test below 20 month EMA around 2480 The monthly S&P500 Emini futures candlestick chart has pulled back for 3 months after an extreme buy climax. There is no bottom yet, and the 20 month exponential moving average around 2480 is a magnet below. The monthly S&P500 Emini futures candlestick […]
Emini weekly chart forming bull reversal bar after February low test
Intraday market update: April 6, 2018
Emini weekly chart forming bull reversal bar after February low test Updated 6:45 a.m. The Emini opened with a big gap down. The bulls got consecutive big bull bars and an Opening Reversal up from the 60 minute EMA. The Emini is Always In Long, and these 2 bull bars make a bear trend day […]
Tariff war but Emini wedge bottom at February low
Intraday market update: April 5, 2018
Tariff war but Emini wedge bottom at February low Updated 6:45 a.m. The Emini gapped up as expected. Since yesterday was a buy climax, the Emini will probably enter a trading range within a couple of hours. It might begin on the open. The bulls want to keep the gap open. If it closes, it […]
Emini buy signal bar for double bottom with February and wedge bottom
Intraday market update: April 4, 2018
Emini buy signal bar for double bottom with February and wedge bottom Updated 6:45 a.m. Today opened below yesterday’s low and had a big bull trend bar. It is also near the bottom of a 2 day trading range. The 1st 2 bars were big enough so that bears will probably need 2 – 3 […]
Emini monthly sell signal with February low support below
Intraday market update: April 3, 2018
Emini monthly sell signal with February low support below Updated 6:42 a.m. Today opened in the middle of yesterday’s range, and yesterday was huge. Therefore, today will probably be an inside day, or fail to get much above or below yesterday’s range. Consequently, traders will sell near yesterday’s high and buy near yesterday’s low. While […]
Emini has weak Low 2 bear flag just above February low
Intraday market update: April 2, 2018
Emini has weak Low 2 bear flag just above February low Updated 6:45 a.m. The Emini opened with a bull reversal bar back in Thursday triangle. The 2nd bar was also a bull bar, but it was small and therefore weak. The Emini is also at the 60 minute EMA and around a 50% pullback […]
Emini monthly chart should reverse up in April from February low
Emini weekend update: March 31, 2018
Monthly S&P500 Emini futures candlestick chart:Emini monthly chart should reverse up in April from February low The monthly S&P500 Emini futures candlestick chart had a bear inside bar in March after February’s big bear bar. Both bars have big tails below, which is a sign that the selling is not as strong as it could […]