Trump, hurricanes, DACA are inadequate Emini catalysts Updated 6:45 a.m. The Emini opened near yesterday’s high, but had small bars. This is therefore a continuation of the 3 hour range at the end of yesterday. Because yesterday is a weak buy signal bar in a 3 month range, the odds are that there will be […]
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Trump, hurricanes, DACA are inadequate Emini catalysts
Emini has begun 5 percent correction down to 2350
Emini weekend update: August 26, 2017
Monthly S&P500 Emini futures candlestick chart:Parabolic wedge buy climax The monthly S&P500 Emini futures candlestick chart has a bear body so far this month. If August trades below the July low, it will be an outside down month. In addition, it is in a 20 month tight bull channel that has had 3 pushes up […]
Trump 150 points S&P500 correction will last 2 months
Intraday market update: August 25, 2017
Trump 150 points S&P500 correction will last 2 months Updated 6:45 a.m. While today gapped above a minor bear trend line, it failed to gap above yesterday’s high. In addition, it began with 3 small doji bars. This is therefore a weak breakout and trading range price action. Consequently, it lowers the probability of a […]
Trump rally probably has evolved into bear channel
Intraday market update: August 24, 2017
Trump rally probably has evolved into bear channel Updated 6:48 a.m. The day began with a doji at yesterday’s high. This increases the chances that today might continue yesterday’s trading range. In addition, since yesterday was a small day, there is an increased chance of an outside down day. Whether or not today goes sideways […]
Emini Labor Day rally in possible 5 percent correction
Intraday market update: August 23, 2017
Emini Labor Day rally in possible 5 percent correction Updated 6:40 a.m. Today opened with a doji bar in the middle of yesterday’s range. This increases the odds that today will be a trading range day that will stay mostly or entirely within yesterday’s range. Yesterday’s big move up and today’s big gap down creates […]
Emini weak bull flag in correction to 2350
Intraday market update: August 22, 2017
Emini weak bull flag in correction to 2350 Updated 6:42 a.m. The Emini gapped above yesterday’s high and began with 2 big bull bars closing on their highs. This is a trend from the open bull trend and there is at least a 60% chance that we have seen the low of the day. The […]
Emini is likely beginning Trump 150 point, 5 percent correction
Intraday market update: August 21, 2017
Emini is likely beginning Trump 150 point, 5 percent correction Updated 6:45 a.m. Friday had a bear channel after a strong rally. The odds favor a bull break above the bear trend line today. In addition, Friday’s rally was strong enough so that its high is a magnet. Therefore, the Emini will probably test that […]
Trump is catalyst for 5 percent S&P500 stock market correction
Emini weekend update: August 19, 2017
Monthly S&P500 Emini futures candlestick chart: Trump is catalyst for 5 percent S&P500 stock market correction after parabolic wedge buy climax The monthly S&P500 Emini futures candlestick chart has had 10 bars where the low of each bar is above the low of the prior bar. This is a bull micro channel. Since it has […]
Extreme buy climax creating 150 point Emini bear trend reversal
Intraday market update: August 18, 2017
Extreme buy climax creating 150 point Emini bear trend reversal Updated 6:47 a.m. The sell climax continued on the open. It is so extreme that it is unlikely to continue far. The odds favor a sharp rally and then a trading range. The most important price today will be the open of the day. If […]
Emini bull leg in trading range in weekly buy climax
Intraday market update: August 17, 2017
Emini bull leg in trading range in weekly buy climax Updated 6:55 a.m. The Emini reversed up from below the 3 day trading range. Yet, there was a 2 tick tail on the top of the buy signal bar. In addition, the entry bar was a bear bar. While the next bar was good, the […]
