Monthly S&P500 Emini futures candlestick chart: Extreme buy climax The monthly S&P500 Emini futures candlestick chart had a bull trend bar this month. However, it has had 11 months without a pullback. This bull micro channel is therefore unsustainable and climactic. The protracted bull micro channel is extremely unusual and therefore climactic. I do not […]
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Emini traders believe 2500 buy climax trumps republican tax cuts
Emini end of quarter window dressing, but buy climax
Intraday market update: September 29, 2017
Emini end of quarter window dressing, but buy climax Updated 6:54 a.m. The 2nd bar was a strong bear reversal bar that formed a double top with Wednesday’s all-time high, In addition, yesterday’s rally was weak and therefore probably a bull leg in what will become a trading range. The Emini is now trying to […]
Emini stalling at 2500 Big Round Number despite Republican tax reform
Intraday market update: September 28, 2017
Emini stalling at 2500 Big Round Number despite Republican tax reform Updated 6:42 a.m. Yesterday was a big range day that opened and closed in the middle. The Emini opened today in the middle of yesterday’s range. The odds are against a big move above or below yesterday’s range. Furthermore, today has an increased chance […]
Emini buy climax awaiting catalyst for 100 point correction
Intraday market update: September 27, 2017
Emini buy climax awaiting catalyst for 100 point correction Updated 6:45 a.m. The Emini opened with a big gap above yesterday’s close and 2500, and a small gap above yesterday’s high. Since the 1st 2 bars were bull bars, the Emini is Always In Long. This reduces the chances of a bear trend day. Because […]
Emini testing August high breakout point but possible 5% correction
Intraday market update: September 26, 2017
Emini testing August high breakout point but possible 5% correction Updated 6:45 a.m. The Emini had follow-through buying on the open. Yesterday was a buy signal bar. By breaking above its high, the bulls therefore triggered the buy signal. Yet, since yesterday was a doji, it is a weak signal bar. In addition, today’s entry […]
Emini buy climax weekly and daily sell signal above 2500
Intraday market update: September 25, 2017
Emini buy climax weekly and daily sell signal above 2500 Updated 6:46 a.m. Today opened at the bottom of the 5 day tight range. It formed an outside up bar on the 2nd bar, and therefore a micro double bottom at the bottom of the range. Yet, the bar was a bear doji. Limit order […]
Emini breakout above August high and 2500 big round number
Emini weekend update: September 23, 2017
Monthly S&P500 Emini futures candlestick chart: Parabolic wedge buy climax The monthly S&P500 Emini futures candlestick chart has a bull body so far this month, and the trend is strong. Since every bar for the past 10 months has a low above the low of the prior bar, the rally is a bull micro channel. […]
Emini stalling after 2500 September breakout
Intraday market update: September 22, 2017
Emini stalling after 2500 September breakout Updated 6:51 a.m. The Emini gapped below yesterday’s low and therefore triggered a sell signal on the daily chart. Yet, the 1st bar was a strong bull bar and it reversed up above yesterday’s low. However, the 2nd bar had a bear body, which was a reversal back down. […]
Emini ignoring FOMC report, but stalling at 2500 Big Round Number
Intraday market update: September 21, 2017
Emini ignoring FOMC report, but stalling at 2500 Big Round Number Updated 6:45 a.m. Yesterday’s rally was a spike and channel bull trend. Since the channel usually evolves into a trading range, and early trading range is likely today. Because yesterday was a doji day, today will probably be mostly a trading range day. Since […]
September FOMC report at Emini 2500 big round number
Intraday market update: September 20, 2017
September FOMC report at Emini 2500 big round number Updated 6:56 a.m. The Emini began with a 2nd failed breakout above yesterday’s high. It is Always In Short. Since yesterday’s range was small, today has an increased chance of becoming an outside down day. Because ever trend up or down over the past week has […]
