Emini rally ignoring Trump’s Russia problem, expecting tax reform Updated 6:55 a.m. Today had a big gap up and then a series of bull trend bars. This is a trend from the open bull trend. It therefore increases the odds of a bull trend day. Yet, when there is a big gap up and immediate […]
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Emini rally ignoring Trump’s Russia problem, expecting tax reform
Emini breakout mode targets are 2500 and 2350
Intraday market update: July 11, 2017
Emini breakout mode targets are 2500 and 2350 Updated 6:52 a.m. The Emini began with 2 consecutive bear bars. It had 8 consecutive bear bars including yesterday. Yet, Buy The Close bulls made money buying the 2nd bear bar. Furthermore, it bounced up from yesterday’s low and around the 60 minute moving average. The bulls […]
Increasing Emini selling pressure will lead to 2350 pullback
Intraday market update: July 10, 2017
Increasing Emini selling pressure will lead to 2350 pullback Updated 6:50 a.m. While today opened with consecutive bull bars, they were in the middle of Friday’s 4 hour range. Although the Emini is still Always In Long, the bulls need a breakout. Furthermore, they want a break above the July 3 2436.50 lower high because […]
Trump, Putin, North Korea are less important than buy climax
Emini weekend update: July 8, 2017
Monthly S&P500 Emini futures candlestick chart: Buy climax The monthly S&P500 Emini futures candlestick chart is in a strong bull trend. However, it has a parabolic wedge rally. Last month is the sell signal bar. The monthly S&P500 Emini futures candlestick chart is in a strong bull trend, but it is climactic. The parabolic wedge […]
Emini 5% summer correction as the Fed raises rates
Intraday market update: July 7, 2017
Emini 5% summer correction as the Fed raises rates Updated 6:42 a.m. Today opened in the middle of yesterday’s range. In addition, the 1st bar was a doji bar. Yesterday was a bear channel and therefore today is likely to have a lot of trading range price action. This open is consistent with a trading […]
Stock market bears creating selling pressure
Intraday market update: July 6, 2017
Stock market bears creating selling pressure Updated 6:49 a.m. The Emini broke below the lows of the past several days on the open. The bulls want an Opening Reversal up from this support and an early low of the day. The selling is strong enough to make a strong bull trend day unlikely. The bulls […]
Emini might begin summer 100 point correction in July
Intraday market update: July 5, 2017
Emini might begin summer 100 point correction in July Updated 6:52 a.m. The Emini gapped up and then sold off for a few bars. The gap up was big enough to create a Big Down, Big Up, Big Confusion pattern with Monday’s selloff. Therefore, the odds favor a trading range open. While the 3 consecutive […]
Summer swoon 100 point 5% S&P500 stock market correction
Emini weekend update: July 1, 2017
Monthly S&P500 Emini futures candlestick chart:Minor sell signal June is a sell signal bar on the monthly S&P500 Emini futures candlestick chart. The three pushes up in a tight bull channel is a parabolic wedge top. Because the channel is tight, the downside over the next few months is probably small. The monthly S&P500 Emini […]
Emini monthly and weekly sell signals after Trump’s healthcare failure
Intraday market update: June 30, 2017
Emini monthly and weekly sell signals after Trump’s healthcare failure Updated 6:49 a.m. The Emini gapped up to the 60 minute and daily moving averages and last week’s low. This is resistance and today will probably be a trading range day. Therefore, the bulls need a Buy The Close rally to convince traders that today […]
Emini end of quarter window dressing and July 4 seasonally bullish
Intraday market update: June 29, 2017
Emini end of quarter window dressing and July 4 seasonally bullish Updated 7:00 a.m. The Emini sold off strongly from yesterday’s high. The bears want a strong bear trend day. They they want today to again trigger the sell signal on the weekly chart by falling below last week’s low. Yet, after Tuesday’s wedge bottom, […]
