FOMC Fed rate hike after parabolic wedge buy climax Updated 6:52 a.m. The Emini gapped above yesterday’s high, but turned down from just below the all-time high. Because yesterday’s bull channel was tight, the bears need a series of strong bear bars to convince traders that they have begun a swing down. Despite the 2 […]
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FOMC Fed rate hike after parabolic wedge buy climax
Emini waiting for Wednesday’s FOMC Fed interest rate hike
Intraday market update: June 13, 2017
Emini waiting for Wednesday’s FOMC Fed interest rate hike Updated 6:53 a.m. Today opened with a gap up and 3 bull bars. But, the daily chart has had 6 dojis. Furthermore, it has both a wedge top and a parabolic wedge top. The odds are against a strong bull trend day today, despite this early […]
Trump, Comey, and Russia are minor compared to buy climax
Intraday market update: June 12, 2017
Trump, Comey, and Russia are minor compared to buy climax Updated 6:53 a.m. The Emini tested the top of Friday’s reversal up, which was a 50% pullback of the selloff, and stalled. This was likely because Big Down, Big Up creates Big Confusion. It therefore usually leads to a trading range. Today’s early selloff found […]
Buy climax is more important than Trump, Comey, and May
Emini weekend update: June 10, 2017
Monthly S&P500 Emini futures candlestick chart: Buy climax is more important than Trump, Comey, and May The monthly S&P500 Emini futures candlestick chart has been in a strong bull trend for 18 months. Furthermore, there is an 8 bar bull micro channel (no pullbacks). The monthly S&P500 Emini futures candlestick chart had a High 1 […]
Market believes Comey testimony about Trump and Russia is irrelevant
Intraday market update: June 9, 2017
Market believes Comey testimony about Trump and Russia is irrelevant Updated 7:01 a.m. The Emini broke to a new all-time high on the open. At the moment, the Emini is Always In Long and in a trend from the open bull trend. Yet, the bull bars are not especially big. In addition, there are tails, […]
Emini awaiting Comey’s testimony on Trump and Russia
Intraday market update: June 8, 2017
Emini awaiting Comey’s testimony on Trump and Russia Updated 6:57 a.m. The Emini opened in yesterday’s tight trading range, and rallied from an Opening Reversal pullback to the moving average. By trading above yesterday’s high, it triggered a buy signal on the daily chart. Yet, the Emini is in a 3 day tight trading range. […]
Buy climax before Comey’s Russia and Trump hearing
Intraday market update: June7, 2017
Buy climax before Comey’s Russia and Trump hearing Updated 6:49 a.m. The Emini opened in the middle of yesterday’s trading range at the 60 minute moving average. Furthermore, yesterday was a weak buy signal bar on the daily chart. Therefore, if today rallies above yesterday’s high, the breakout probably will not lead to a strong […]
Emini buy climax as AMZN and GOOGL exceed 1,000
Intraday market update: June 6, 2017
Emini buy climax as AMZN and GOOGL exceed 1,000 Updated 6:51 a.m. Since the Emini gapped below yesterday’s low, it triggered the sell signal on the daily chart. Yet, unless the bears get consecutive big bear bars, the odds are against a swing down on the daily chart. There are more likely buyers below and […]
Growing Emini buy climax, but no trend reversal yet
Emini weekend update: May 27, 2017
Monthly S&P500 Emini futures candlestick chart:Breakout above bull flag The monthly S&P500 Emini futures candlestick chart has 2 trading days left in May. May is a bull entry bar after last month’s High 1 bull flag. Yet, it is around a measured move up from the 2014 – 2015 trading range. Furthermore, it had a […]
Profit taking around Amazon and Alphabet Google 1,000 Big Round Number
Intraday market update: May 26, 2017
Profit taking around Amazon and Alphabet Google 1,000 Big Round Number Updated 6:47 a.m. The Emini had many small dojis in a tight range for the final 3 hours yesterday. Today began with a doji and a tight trading range near the low of yesterday’s range. Because yesterday had a bull breakout above a 3 […]
