Monthly S&P500 Emini futures candlestick chart:Blow-off top The monthly S&P500 Emini futures candlestick chart has the biggest bull trend bar in more than 20 bars so far this month. In addition, there has been no pullback below a prior month’s low in 14 months. The monthly S&P500 Emini futures candlestick chart is in a strong […]
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Emini parabolic wedge buy climax ahead of Trump’s Mueller testimony
Emini pausing for Trump at Davos and for Mueller testimony
Intraday market update: January 26, 2018
Emini pausing for Trump at Davos and for Mueller testimony Updated 6:47 a.m. Today triggered the buy signal on the daily chart by going above yesterday’s high. Yet, the breakout immediately pulled back. After 3 sideways days, the odds favor more sideways trading today, and the Emini is at the top of the 4 day […]
Emini outside down day might lead to trading range
Intraday market update: January 25, 2018
Emini outside down day might lead to trading range Updated 6:42 a.m. Today opened within yesterday’s range. Since opened near the high, there is an increased chance of a breakout above yesterday’s high. Yet, the day after a big outside down day closing in the middle usually will not get far above or below yesterday’s […]
Emini measured move target at 2860 so magnet and minor resistance
Intraday market update: January 24, 2018
Emini measured move target at 2860 so magnet and minor resistance Updated 6:52 a.m. The Emini gapped up, but began with a doji. The bulls got an opening reversal up from above yesterday’s high and want a trend from the open bull trend. Yet, the doji on the open, big bear bar, and the tail […]
Emini breakout above wedge top after government shutdown
Intraday market update: January 23, 2018
Emini breakout above wedge top after government shutdown Updated 6:47 a.m. Today began with a continuation of yesterday’s rally. It is a Buy The Close open. However, there is a 75% chance that the Emini will enter a trading range by the end of the 2nd hour. In addition, that sideways to down trading will […]
Emini reacts to government shutdown vote
Intraday market update: January 22, 2018
Emini reacts to government shutdown vote Updated 6:44 a.m. The Emini opened with a small double bottom bull flag. Since there is a 5 minute wedge top nested within a 60 minute wedge top, the odds are against a big bull trend day. In addition, Friday’s rally was weak. This adds to the likelihood that […]
Emini forming blow-off top leading to giving back 2018 gains
Emini weekend update: January 20, 2018
Monthly S&P500 Emini futures candlestick chart:Emini forming blow-off top leading to giving back 2018 gains The monthly S&P500 Emini futures candlestick chart this month so far is a big bull trend bar in a parabolic wedge bull trend. The monthly S&P500 Emini futures candlestick chart has not had a pullback since November 2016. This means […]
Congress budget and government shutdown vote today is catalyst
Intraday market update: January 19, 2018
Congress budget and government shutdown vote today is catalyst Updated 6:53 a.m. The Emini opened with a double top lower high major trend reversal. Yet, the bulls broke above the lower high. Since yesterday was a bear bar, it was a weak buy signal bar on the daily chart. Consequently, the odds are against a […]
Trump rally buy climax at 2800 before government shutdown vote
Intraday market update: January 18, 2018
Trump rally buy climax at 2800 before government shutdown vote Updated 6:48 a.m. Yesterday’s late selloff was likely the start of a trading range. The reversals up and down today increased the probability. After a buy climax, there is a 75% chance of a trading range lasting at least 2 hours. This means that the […]
Emini outside down reversal at 2800 Big Round Number
Intraday market update: January 17, 2018
Emini outside down reversal at 2800 Big Round Number Updated 6:48 a.m. The Emini gapped up to the middle of yesterday’s huge range. This makes an inside day and a trading range day likely. On the open, it reversed down from 2 legs up from yesterday’s low. The 2nd and 3rd bars were dojis. This […]
