Monthly S&P500 Emini futures candlestick chart:Outside up month The monthly S&P500 Emini futures candlestick chart has an outside up month in November. The bulls want it to be a Measuring Gap, while the bears hope it will be an Exhaustion Gap. The monthly S&P500 Emini futures candlestick chart traded below October’s low and above its […]
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President Trump stock market rally will pull back next week
President Trump stock market rally became buy climax
Intraday market update: November 23, 2016
President Trump stock market rally became buy climax I will update around 6:46 a.m. After yesterday’s buy climax, today gapped below yesterday’s close. There is a 50% chance that the bulls will try to rally for an hour or two. Yet, there is a 75% chance of at least 2 hours of sideways to down […]
President Trump climactic stock market rally
Intraday market update: November 22, 2016
President Trump climactic stock market rally Updated 6:59 a.m. While the Emini gapped up, the 1st 2 bars were dojis, which is weak buying. Furthermore, the Emini opened at the top of the 9 day channel. While there is a measured move target from the election gap at around 2207 and a leg 1 = […]
President Trump stock market rally forming double top
Intraday market update: November 21, 2016
President Trump stock market rally forming double top Updated 6:53 a.m. While the Emini opened with bull bars and broke above yesterday’s high and formed a new high, the first bars had tails. In addition, the bodies got smaller. Furthermore, most recent days had a lot of trading range price action. As a result, while […]
Presidential election stock market rally is stalling
Emini weekend update: November 19, 2016
Monthly S&P500 Emini futures candlestick chart: President Trump’s all-time high bull breakout The monthly S&P500 Emini futures candlestick chart formed an outside bar this month after a 4 month pullback from a new high. The monthly S&P500 Emini futures candlestick chart currently has an outside up month. The bulls want the month to close above […]
President Trump all time stock market high rally
Intraday market update: November 18, 2016
President Trump all time stock market high rally Updated 6:47 a.m. The Emini broke above yesterday’s high. It immediately reversed down from its new all-time high. Yet, the sell signal bar had a bull body. Furthermore, most of yesterday was trading range price action. In addition, the target for the bears is the open of […]
President Trump S&P500 Emini rally testing all time high
Intraday market update: November 15, 2016
President Trump S&P500 Emini rally testing all time high Updated 6:51 a.m. I leave early today and will not be back until Friday. Today broke above the top of yesterday’s bull channel. There is therefore a 75% chance of a test of the bottom of the channel. The Emini can get there by going sideways […]
President Trump’s yearend stock market Christmas rally attempt
Intraday market update: November 14, 2016
President Trump’s yearend stock market Christmas rally attempt Updated 6:53 a.m. The bears reversed the Emini down from above yesterday’s high. They therefore are hoping for an outside down day. Because the 1st bar had big tails and the 3rd bar was a reasonable Opening Reversal attempt by the bulls, the bears are not yet […]
President Trump’s stock market year end rally
Emini weekend update: November 12, 2016
Monthly S&P500 Emini futures candlestick chart:3 month bull flag The monthly S&P500 Emini futures candlestick chart formed an outside up month after a 3 month pullback. Because there is a 4 bar tight trading range, it might continue sideways for another month or two. The monthly S&P500 Emini futures candlestick chart has pulled back for […]
President Trump’s all time high stock market rally
Intraday market update: November 11, 2016
President Trump’s all time high stock market rally Updated 6:47 a.m. Today opened with a big doji in the bottom half of yesterday, which was a trading range day. The odds are that today will be another trading range day, but with legs that are big enough for swing trades. While the all-time high is […]
