Dow 20,000 big round number within reach Updated 6:52 a.m. The Emini opened in yesterday’s tight trading range. Furthermore,it failed to get consecutive strong trend bars on the open. Finally, it failed to break strongly above the top of the 4 week tight trading range. Hence, the odds favor a lot of trading range price […]
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Dow 20,000 big round number within reach
January effect and Dow 20,000 Big Round Number
Intraday market update: January 4, 2017
January effect and Dow 20,000 Big Round Number Updated 6:52 a.m. The Emini rallied on the open, continuing yesterday’s bull reversal. Yet, the follow-through was bad. While the Emini is Always In Long, this disappointment reduces the chances of a strong bull trend day. Since most days lately have been trading range days, today will […]
Bull flag below Dow 20,000 big round psychological number
Intraday market update: January 3, 2017
Bull flag below Dow 20,000 big round psychological number Updated 6:50 a.m. Limit order bulls and bears made money in the 1st few bars. Furthermore, the gap above Friday’s high closed. In addition, the Emini is in the middle of its 4 week range. Hence, this is trading range price action. It therefore reduces the […]
2017 stock, bond, and Forex market predictions
Emini weekend update: December 31, 2016
Monthly S&P500 Emini futures candlestick chart:2017 stock, bond, and Forex market predictions The monthly S&P500 Emini futures candlestick chart had a bull trend bar this month. Yet, it had a big tail on top and the month closed in the middle. While the bull body confirms last month’s bull breakout, the bulls are disappointed. The […]
Attempted big round number Dow 20,000 yearly close
Intraday market update: December 30, 2016
Attempted big round number Dow 20,000 yearly close Updated 6:55 a.m. The Emini reversed down strongly from the 60 minute moving average and yesterday’s high on the open. Hence, Dow 20,000 is unlikely today. Yet, the Emini is still above the bottom of the 3 week trading range and above the daily moving average. In […]
Dow 20,000 big round number psychological resistance
Intraday market update: December 29, 2016
Dow 20,000 big round number psychological resistance Updated 7:04 a.m. The Emini reversed up and then down on the open. A Big Up Big Down move is trading range price action. Yesterday was a bear channel, hence a bull flag. A channel usually evolves into a trading range. The bulls see a small higher low […]
Holiday trading makes Dow 20,000 stronger resistance
Intraday market update: December 28, 2016
Holiday trading makes Dow 20,000 stronger resistance Updated 6:55 a.m. The Emini opened within yesterday’s tight trading range, but sold off to test yesterday’s low. Because yesterday was a sell signal bar on the daily chart, the bears see the break below yesterday’s low as a trigger for a daily sell signal. Yet, the Emini […]
Dow 20,000 year end rally
Intraday market update: December 27, 2016
Dow 20,000 year end rally Updated 6:55 a.m. The Emini gapped up and rallied. The Dow is just below its 20,000 big round number. The Emini is at the top of the 10 day trading range, just below its all-time high. Because there has been a strong rally on the open, day traders will watch […]
Emini bull flag at Dow 20,000 big round number
Emini weekend update: December 24, 2016
Monthly S&P500 Emini futures candlestick chart:Strong follow-through buying The monthly S&P500 Emini futures candlestick chart has a big bull bar with one week left to the month. Hence, this is good follow-through buying after last month’s bull breakout. The monthly S&P500 Emini futures candlestick chart is in a bull breakout. Because the channel up since […]
Dow 20000 resistance and possible small double top
Intraday market update: December 23, 2016
Dow 20000 resistance and possible small double top Updated 6:41 a.m. Today opened with 2 small dojis near the top of yesterday’s trading range and at the 60 minute moving average. It also is at the open of the week, which is also a doji so far. The odds are that today will be a […]
