Trump rally stalling at Dow 20000 big round number Updated 6:52a.m. The Emini sold off on the open and is Always In Short. The bears want a break below last week’s low. This is because last week was a sell signal bar after the prior week’s buy climax. Since the weekly trend is strong, the […]

Trump year end rally pausing Updated 6:50 a.m. Because yesterday was a small day, today will probably either go above yesterday’s high or below yesterday’s low. Today opened with reversals in yesterday’s final tight trading range. While traders see the 2nd bar as a failed test of yesterday’s high, the Emini is still in a […]

President Trump Christmas rally Emini bull flag Updated 6:50 a.m. While the Emini gapped up and had 4 bull bars, the gap was small and 3 bars were dojis. Furthermore, this is at the top of a 5 day trading range. The bulls want a strong breakout to a new all-time high. Yet, this rally […]

Year end stock market rally forming bull flag Updated 6:52 a.m. On the open, the Emini broke above the 60 minute moving average and at the 3 day bear trend line. Because the Emini has tested the line many times and had been unable to selloff strongly, the odds favored a bull breakout. A bear […]

Fed interest rate hike causing stock market profit taking Updated 6:55 a.m. Today’s open continued the evolution into a big triangle. This is a trading range open. Because the triangle is so tall, it might last many more bars. The bulls see a higher low major trend reversal while the bears see a bear channel. […]

FOMC interest rake hike and Fed statement volatility Updated 6:58 a.m. While the Emini opened with a big bull bar and a follow-through bull bar, it was below the moving average and in yesterday’s tight trading range. Limit order bulls and bears made money in the first few bars. It was in a tight trading […]

Stock market pullback into Fed interest rate hike Updated 6:47 a.m. The Emini broke strongly to a new all-time high on the open. On the 60 minute chart, it has been above the moving average for 43 bars, which is a long time. It will probably get there by the end of tomorrow, before or […]

Trump stock market rally pausing before FOMC rate hike I will update around 6:59 a.m. The Emini rallied on the open and is Always In Long. Yet, the big bull bars had bad follow-through. In addition, the rally is a 3rd push up from Friday’s close. Furthermore, the Emini is in a buy climax on […]

Trump rally buy climax causing profit taking I will update around 6:46 a.m. Today’s open continued yesterday’s late, weak rally. Because yesterday had Gap Bars, the odds are that this early rally will lead to an attempt at a major trend reversal in the 1st hour or 2. Since there are 6 consecutive bull bars, […]