Emini Trump rally awaiting tax cut vote Updated 6:41 a.m. The Emini opened with a doji in the middle of yesterday’s trading range. Yet, the odds favor a breakout below yesterday’s low, but buyers below. If the bears get a big breakout and follow-through, today could become a strong bear trend day. That is unlikely. […]

FOMC, Alabama Moore vote, and tax reform test Trump rally Updated 6:50 a.m. The bulls got early consecutive bull bars, but the rally did not break strongly above yesterday’s high and trading range. In addition, the bears got a strong reversal bar just after the breakout to a new all-time high. While the Emini is […]

Emini eyes Alabama Moore vote and FOMC rate hike Updated 6:48 a.m. The Emini opened with a small bear bar and then a doji. This is a quiet open after yesterday’s Buy The Close finish. The all-time high is a magnet just above. However, yesterday’s finish was a buy climax. The bulls will probably need […]

Trump rally stalling before tax cut and budget votes Updated 6:51 a.m. The day began with a small wedge top that began in the last hour on Friday, but the 1st bar was a doji. While this was a reasonable higher high major trend reversal sell setup, the doji sell signal bar shows a lack […]

Emini is neutral before today’s government shutdown vote Updated 6:55 a.m. The Emini gapped up to near Tuesday’s major lower high. The bears want a double top lower high major trend reversal on the 60 minute chart. The bulls want any early selloff to be a pullback from the big gap up. The early tight […]

Emini breakout mode before budget reconciliation and tax reform votes Updated 6:47 a.m. Today is rollover day. Since December still has better volume, I will wait for tomorrow before trading March. On the daily chart, yesterday is a bad buy signal bar and a bad sell signal bar. Therefore, there will probably be sellers above […]

Emini sell signal bar before December 8 continuing budget resolution I will update around 6:44 a.m. The Emini sold off in a small pullback bear trend at the end of yesterday. But, the limit order bulls were able to make money. This is an early sign of 2 sided trading and it increases the odds […]

Emini stalling awaiting Congress votes on budget reconciliation and tax cut Updated 6:43 a.m. While yesterday was a sell signal bar on the daily chart, it was an extreme sell climax on the 5 minute chart. That means that there is only a 25% chance of a big bear day today. However, if there is […]

Emini awaiting Senate tax cut and Congress continuing budget resolution Updated 6:45 a.m. Today began with a big gap up, but the 1st bar was a doji bar. That bar increases the odds of a lot of trading range trading today. Furthermore, when there is a big gap up and a rally, it usually stops […]