Stock market April seasonally bullish Trump rally resumption Updated 6:47 a.m. Today opened in the middle of yesterday’s range. In addition, it is in the middle of a month long tight trading range. Furthermore, the 1st bar had prominent tails. The limit order bulls made money buying on the 3rd bar. Finally, a channel usually […]

Five percent correction after Trump rally resumption fails Updated 6:50 a.m. While the Emini gapped above yesterday’s high, the gap was small and the 1st bar had a big tail on top. This is therefore disappointing for the bulls. Hence, it is a warning that today might not break strongly above Monday’s lower high. Instead, […]

Earnings and North Korea’s nuclear program are catalysts for correction Updated 6:46 a.m. The Emini gapped back below the 60 minute moving average and into yesterday’s 4 hour trading range. In addition, it broke below yesterday’s bull channel. Finally, it pulled back to the middle of yesterday’s range, and yesterday had a big range. These […]

Testing March 27 double top neckline for 5 percent correction Updated 6:49 a.m. The Emini gapped up after a nested wedge bottom on the 60 minute chart. Yet, the 1st 2 bars were moving average gap bars in a bear trend. The bears therefore hope that the Emini is forming an early high of the […]

Trump rally resumption, but 5 percent correction underway Updated 6:47 a.m. While today reversed up from below yesterday’s low, there is still room to the bottom of the 60 minute wedge bull flag. Hence, the bulls need a strong rally to break free of that magnet. If they do not get it, the odds are […]

Emini tight trading range failed bear breakout Updated 6:44 a.m. Today opened in the middle of yesterday’s 4 hour expanding triangle. The 1st bars had big tails. Limit order bulls and bears made money. These factors increase the chances that today will again have a lot of trading range trading. Yesterday was a buy signal […]

Emini bear rally in 5 percent correction to December close Updated 6:53 a.m. Today began with a trend from the open bear trend. The selloff was strong enough to make either a trading range day or a bear trend day likely. The odds are therefore against a bull trend day. Because the Emini has been […]

Early Emini bear trend but April is seasonally bullish Updated 6:55 a.m. The Emini rallied on the open and is Always In Long. Yet, the bulls need a strong break above the 3 day tight trading range. Otherwise, this is just a rally in the range. Traders are now choosing between a bull trend day […]