Gap down will create Emini October island top Updated 6:48 a.m. The Emini gapped far above yesterday’s bear channel, but sold off on the open. The bears want a strong break below Thursday’s high to close the gap on the daily chart. They then want a big bear trend day. However, because today gapped far […]
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Gap down will create Emini October island top
Emini parabolic buy climax and possible island top, but no reversal yet
Intraday market update: October 23, 2017
Emini parabolic buy climax and possible island top, but no reversal yet Updated 6:50 a.m. The Emini had a small gap up, but it closed on the open. The bears began with 3 consecutive bear bars. This created a Big Up, Big Down, Big Confusion pattern with Friday’s close and it makes a trading range […]
Buy climax at 30th anniversary of 1987 stock market crash
Emini weekend update: October 21, 2017
Monthly S&P500 Emini futures candlestick chart:Protracted buy climax Every bar for the past 11 months has a low above the low of the prior month on the monthly S&P500 Emini futures candlestick chart. This is therefore a 12 bar bull micro channel. Although this means the bull trend is strong, it is also a buy […]
30 year anniversary of 1987 crash, but unlikely to repeat
Intraday market update: October 20, 2017
30 year anniversary of 1987 crash, but unlikely to repeat Updated 6:49 a.m. The Emini gapped far above the all-time high, but began with 2 bear bars. While that makes the Emini Always In Short, the open of the 1st bar is also the high of the day. Since days rarely have their high exactly […]
Emini October wedge top and buy climax, but no trend reversal
Intraday market update: October 19, 2017
Emini October wedge top and buy climax, but no trend reversal Updated 6:42 a.m. The Emini opened with a big gap down, but then had a big bar with a big tail on top. This is Big Down, Big Up, Big Down, which means Big Confusion. It therefore makes a trading range likely. Furthermore, it […]
Emini buy climax awaiting a catalyst, likely Trump related
Intraday market update: October 18, 2017
Emini buy climax awaiting a catalyst, likely Trump related Updated 6:47 a.m. The Emini gapped to a new all-time high and above the measured move target on the daily chart. However, the 1st bar was a bear doji and traders have been selling new highs for 2 weeks. If the bulls get an early rally, […]
Emini October earnings reports, but buy climax increases risk
Intraday market update: October 17, 2017
Emini October earnings reports, but buy climax increases risk Updated 6:45 a.m. Today began with a small doji in the middle of yesterday’s range. This reduced the odds of a big trend day and it increases the odds that today will be another mostly trading range day. Additionally, it increases the chances for a trading […]
Trump, North Korea, Iran, Congress, and earnings are catalysts
Intraday market update: October 16, 2017
Trump, North Korea, Iran, Congress, and earnings are catalysts Updated 6:54 a.m. The Emini broke to a new all-time high on the open. However, there was selling above prior highs last week, and that therefore increases the chance of an early reversal down today. There is a measured move target on the daily chart at […]
Emini October earnings season pullback below 2500
Emini weekend update: October 14, 2017
Monthly S&P500 Emini futures candlestick chart:Extremely strong breakout, but climactic The monthly S&P500 Emini futures candlestick chart is in a 12 bar bull micro channel (every low is above the low of the prior bar). This is an extremely strong bull trend, but it is unsustainable and therefore climactic. Every bar on the monthly S&P500 […]
Emini weekly sell signal bar after bad JPM earnings
Intraday market update: October 13, 2017
Emini weekly sell signal bar after bad JPM earnings Updated 6:43 a.m. The Emini gapped above yesterday’s high and to a new all-time high, but sold off on the 1st bar. Since yesterday formed a big wedge bottom, the odds are that there will be at least 2 legs sideways to up today. Therefore, the […]
