Emini Low 1 bear flag for test of February low Updated 6:45 a.m. The Emini reversed down from a wedge bear flag at the EMA on the open. It sold off to test yesterday’s low and 2600. Since 50% of strong moves on the open fail, the bulls will look for an early reversal up […]
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Emini Low 1 bear flag for test of February low
Emini expanding triangle buy setup and test of February low
Intraday market update: March 27, 2018
Emini expanding triangle buy setup and test of February low Updated 6:38 a.m. Today opened with a small gap up, but the 1st bar was a big bear bar. The bulls want an Opening Reversal up from support, like the 5 minute or 60 minute moving averages. Since yesterday’s bull channel was tight, the bulls […]
Emini expanding triangle bottom or test of February low
Intraday market update: March 26, 2018
Emini expanding triangle bottom or test of February low I will update around 6:43 a.m. The Emini had a huge gap up and opened with 2 strong bull bars. This reduces the chances of a bear trend day. However, the Emini is far above the average price. Many bulls want to buy closer to the […]
Trump’s China tariffs causing Emini selloff to test February low
Emini weekend update: March 24, 2018
Monthly S&P500 Emini futures candlestick chart:Bear inside bar, but minor reversal down The monthly S&P500 Emini futures candlestick chart on the right has a bear inside bar so far this month. Since the bull trend is strong, the selloff will more likely form a bull flag than a bear trend. However, compare it to the […]
Trump’s trade war with China creating test of March low
Intraday market update: March 23, 2018
Trump’s trade war with China creating test of March low Updated 6:45 a.m. The Emini reversed down from a Low 2 bear flag at the EMA on the open. The first leg up was in yesterday’s small, late trading range. However, the 1st bar broke above yesterday’s bear channel. It was big enough to weaken […]
Emini trend resumption down to March 2 low around 2650
Intraday market update: March 22, 2018
Emini trend resumption down to March 2 low around 2650 Updated 6:45 a.m. Today opened with a big gap down and a bear bar. However, the low was a Leg 1 = Leg 2 measured move from Monday’s selloff. In addition, it was a measured move down from yesterday’s range. Finally, it was a test […]
March FOMC today is major Emini catalyst
Intraday market update: March 21, 2018
March FOMC today is major Emini catalyst Updated 6:43 a.m. The Emini opened in the middle of yesterday’s trading range. This is a continuation of the range. The bulls created a reversal on the 2nd bar, which was a High 2 bull flag. However, the bar was a big doji, which is more of a […]
Emini island top and weekly sell signal before FOMC
Intraday market update: March 20, 2018
Emini island top and weekly sell signal before FOMC Updated 6:45 a.m. The Emini opened with a continuation of yesterday’s strong rally, but had a bear bar on the 2nd bar. The rally is a parabolic wedge, While the Emini is Always In Long, this is a buy climax. Therefore, many bulls will wait for […]
Emini in breakout mode awaiting March FOMC announcement
Intraday market update: March 19, 2018
Emini in breakout mode awaiting March FOMC announcement Updated 6:45 a.m. By gapping below Friday’s low, the Emini triggered a sell signal on the weekly chart. The bulls tried for a reversal on the 2nd bar, but it had a tail. While the Emini is Always In Short, the bulls will try for an early […]
Emini double top pullback after tariff threats and Congressional defeat
Emini weekend update: March 17, 2018
Monthly S&P500 Emini futures candlestick chart: Inside bar after sharp pullback The March bar on the monthly S&P500 Emini futures candlestick chart has a high below the February high and a low above the February low. It is therefore so far a small inside bar. The monthly S&P500 Emini futures candlestick chart has an inside […]
