Emini bear rally this week after wedge top trend reversal Updated 6:43 a.m. The Emini gapped down to below the EMA and into Friday’s trading range. The bulls want an opening reversal up from the close of 2017 and an early low of the day. They know that the probability favors sideways to up for […]
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Emini bear rally this week after wedge top trend reversal
Fed rate hike plan caused wedge lower high major trend reversal
Emini weekend update: March 3, 2018
Monthly S&P500 Emini futures candlestick chart:March will probably be an inside bar on the monthly chart The monthly S&P500 Emini futures candlestick chart opened in the middle of February’s range. Since February was huge, the odds are that March will form an inside bar. The monthly S&P500 Emini futures candlestick chart had a huge bar […]
Emini is hesitating after Fed Chair Powell announced rate hikes
Intraday market update: March 2, 2018
Emini is hesitating after Fed Chair Powell announced rate hikes Updated 6:40 a.m. The Emini gapped down and began with a weak bull bar. The bears was a continuation of yesterday’s selloff. However, since today will probably not be a strong bear day, an early 1 – 2 hour selloff will then probably reverse up. […]
Emini follow-through selling after wedge lower high major trend reversal
Intraday market update: March 1, 2018
Emini follow-through selling after wedge lower high major trend reversal Updated 6:42 a.m. The bears broke below yesterday’s low on the open. Yet, the odds favor a trading range that starts within 2 hours. There is only a 25% chance of another strong bear trend day. Consequently, this early selloff will probably reverse up within […]
Emini parabolic wedge at top of wedge bear flag
Intraday market update: February 28, 2018
Updated 6:43 a.m. The Emini gapped up above the moving average on the open. This is a moving average gap bar. Consequently, if there is a selloff down to yesterday’s low, there will probably be a major trend reversal attempt. Since yesterday was a big outside day, there is an increased chance of today being […]
Emini wedge lower high major trend reversal in strong rally
Intraday market update: February 27, 2018
Emini wedge lower high major trend reversal in strong rally Updated 6:45 a.m. Yesterday had a series of buy climaxes. That increases the odds for exhaustion. An exhausted bull trend typically evolves into a trading range. The early bear bars today are a sign that the bull trend is weakening. They increase the odds of […]
Emini is in breakout mode on the daily and weekly charts
Intraday market update: February 26, 2018
Emini is in breakout mode on the daily and weekly charts Updated 6:55 a.m. The Emini gapped up on the daily and weekly charts and rallied on the open. However, the early bear bar was a sell signal for a possible high of the day. The bull entry bar created confusion. While the Emini is […]
Emini has ii Breakout Mode pattern on weekly chart after FOMC
Emini weekend update: February 24, 2018
Monthly S&P500 Emini futures candlestick chart:February is huge bear doji candle stick February on the monthly S&P500 Emini futures candlestick chart is an huge bear doji in a strong bull trend. The monthly S&P500 Emini futures candlestick chart traded from just below January’s high to far below its low. It then reversed up strongly, but […]
Emini is in Breakout mode on the daily and weekly charts
Intraday market update: February 23, 2018
Emini is in Breakout mode on the daily and weekly charts Updated 6:45 a.m. The Emini broke above yesterday’s bear channel, but immediately stalled at all of the resistance around the open of the week. It is a trading range open in the middle of a 4 day trading range, and in a cluster of […]
Emini weak bull flag in developing trading range
Intraday market update: February 22, 2018
Emini weak bull flag in developing trading range Updated 6:41 a.m. The Emini opened with a big gap up and a strong bull bar. However, it needs to break strongly above the February 7 lower high, which is around the 60 minute moving average and the top of yesterday’s sell climax. More likely, today will […]
