Emini wedge top before Thanksgiving tax reform vote Updated 6:52 a.m. The Emini tried to resume Friday’s rally on the open, but the rally so far today lacks consecutive big bull trend bars. It looks more like a continuation of Friday’s 2 hour trading range. This increases the odds of a lot of trading range […]
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Emini wedge top before Thanksgiving tax reform vote
Emini buy climax continuing with Trump’s tax cuts
Emini weekend update: November 4, 2017
Monthly S&P500 Emini futures candlestick chart:Emini buy climax continuing with Trump’s tax cuts Every low for the past 12 months on the monthly S&P500 Emini futures candlestick chart has been above the low of the prior bar. This is a 13 bar bull micro channel. It is a sign of a strong bull trend and […]
Emini buy climax awaiting Trump’s tax reform after FOMC
Intraday market update: November 2, 2017
Emini buy climax awaiting Trump’s tax reform after FOMC Updated 6:52 a.m. Today opened at yesterday’s close in the middle of yesterday’s 4 hour range. The bears want a strong break below yesterday’s low to trigger a sell signal on the daily chart. The bulls want a major trend reversal up. However, the early tight […]
Emini awaiting November FOMC Fed interest rate decision
Intraday market update: November 1, 2017
Emini awaiting November FOMC Fed interest rate decision Updated 6:48 a.m. The Emini had a big gap up to a new all -time high and the 1st 3 bars were bull bars. However, none had a big bull body, and that therefore reduces the chances of a trend from the open bull trend day. The […]
Emini ignoring Manafort indictment, awaiting FOMC interest rate announcement
Intraday market update: October 31, 2017
Emini ignoring Manafort indictment, awaiting FOMC interest rate announcement Updated 6:45 a.m. The Emini opened with a small bear bar just above yesterday’s 4 hour range. Until there is a strong breakout up or down, the odds favor a continuation of yesterday’s trading. Since today opened in the middle of yesterday’s range and yesterday was […]
Emini buy climaxes, awaiting FOMC and unemployment report
Intraday market update: October 30, 2017
Emini buy climaxes, awaiting FOMC and unemployment report Updated 6:46 a.m. The Emini opened at a 50% pullback from Friday’s rally and began with consecutive bull bars. This reduces the chance of a bear trend day. Furthermore, the 60 minute moving average is support below today’s open. The odds are that today will be either […]
Emini buy climax before Trump’s tax cuts and FOMC rate hike
Emini weekend update: October 28, 2017
Monthly S&P500 Emini futures candlestick chart: Emini buy climax before Trump’s tax cuts and FOMC rate hike The monthly Emini chart has another strong bull bar with just a few days left in the month. The low of every bar has been above the low of the prior bar for 11 months on the monthly […]
November FOMC interest rate hike potential catalyst for 5% correction
Intraday market update: October 27, 2017
November FOMC interest rate hike potential catalyst for 5% correction Updated 6:52 a.m. By breaking above yesterday’s high, the bulls achieved their minimum objective of at least one more leg up after Wednesday’s bull reversal. The bulls want to get back above yesterday’s high. Since Tuesday’s high is a major lower high on the 60 […]
Emini outside down week in buy climax before tax reform
Intraday market update: October 26, 2017
Emini outside down week in buy climax before tax reform Updated 6:54 a.m. Today gapped above the 60 minute moving average and the daily measured move target. It is close to yesterday’s high, which is a magnet. However, after a bull reversal day, a trading range is more likely than a strong bull trend. Consequently, […]
Emini ioi bull flag in buy climax before Trump’s tax reform and cut
Intraday market update: October 25, 2017
Emini ioi bull flag in buy climax before Trump’s tax reform and cut Updated 7:05 a.m. The bears got an early, strong break below yesterday’s low. They closed Friday’s gap up, which is now an exhaustion gap. The Emini is Always In Short. However, the bears need follow-through selling to convince traders that the selloff […]
