Emini failed 2500 breakout before FOMC announcement I will update around 6:46 a.m. Today began with a reversal down from yesterday’s high. Yesterday was a bull doji day on the daily chart after 5 strong bull days. Today will probably be weaker still. This means that today will probably have a bear body. Therefore, it […]
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Emini failed 2500 breakout before FOMC announcement
Emini testing 2500 big round number before FOMC interest rate announcement
Intraday market update: September 18, 2017
Emini testing 2500 big round number before FOMC interest rate announcement Updated 7:00 a.m. Today began with a bear doji that dipped back below 2500. Yet, the next bars were bull bars, and the gap remained open. Although this is a Buy The Close open, the bulls lacked consecutive big bull bars. Hence, the odds […]
Wednesday’s FOMC interest rate announcement is a catalyst
Emini weekend update: September 16, 2017
Monthly S&P500 Emini futures candlestick chart: Parabolic wedge buy climax Every bar for the past 10 months on the monthly S&P500 Emini futures candlestick chart has a low above the low of the prior bar. This is an 11 bar bull micro channel. The 4 month breakout through February is a spike in a spike […]
Emini all time high profit taking before FOMC meeting
Intraday market update: September 15, 2017
Emini all time high profit taking before FOMC meeting Updated 6:44 a.m. The Emini opened in the middle of the 3 day tight range. Yet, this is a lot of bars in a tight range so therefore the odds favor a bigger range today. There are magnets above (2500) and below (2486.75), and the Emini […]
Emini all-time high, awaiting FOMC interest rate announcement
Intraday market update: September 14, 2017
Emini all-time high, awaiting FOMC interest rate announcement Updated 6:55 a.m. The Emini opened near yesterday’s low, and with consecutive bear bars. This makes a bull trend day unlikely. In addition, after 3 bull days, each getting weaker, today will probably be a trading range day or a small bear day. Another bull day is […]
FOMC next week is more important to Emini traders than hurricanes
Intraday market update: September 13, 2017
FOMC next week is more important to Emini traders than hurricanes Updated 6:40 a.m. The Emini opened within yesterday’s range. In addition, yesterday was a trading range day. Finally, after 2 bull days in a broad bull channel, the odds are that today will be a disappointing day for the bulls. Therefore, the odds are […]
Emini gapped up but need follow through buying
Intraday market update: September 12, 2017
Emini gapped up but need follow through buying Updated 6:45 a.m. The Emini gapped up and began with consecutive bull bars, like yesterday. Yet, the gap and bars were smaller today. In addition, yesterday’s 40 bar tight trading range is a magnet. Therefore, the bears will look to sell a failed breakout above yesterday’s high. […]
Emini awaiting central bank interest rate guidance
Intraday market update: September 11, 2017
Emini awaiting central bank interest rate guidance Updated 6:46 a.m. The Emini opened with a big gap up and consecutive strong bull bars. It is Always In Long. This is a strong enough open to make a bear trend day unlikely. Therefore today will probably be either a bull trend day or mostly a trading […]
Emini awaiting September central bank interest rate announcements
Emini weekend update: September 9, 2017
Monthly S&P500 Emini futures candlestick chart: Buy climax, Emini awaiting September central bank interest rate announcements The monthly S&P500 Emini futures candlestick chart has not pulled back below the low of the prior bar for 10 months. This is therefore an 11 month bull micro channel. The monthly S&P500 Emini futures candlestick chart’s behavior is […]
Emini in breakout mode, awaiting central bank interest rate decisions
Intraday market update: September 8, 2017
Emini in breakout mode, awaiting central bank interest rate decisions Updated 6:51 a.m. Yesterday had a small range and therefore there is an increased chance of an outside day today. The Emini reversed up from below yesterday’s low on the open. Yet, because of 2 small trading range days, many traders will wait for more […]
