Posted 7:05 a.m. The Emini began with a strong reversal up from below yesterday’s trading range. The bears see the stall at the 60 minute moving average as another opening reversal down from the 60 minute moving average, like yesterday. However, the reversal up was strong enough so that the Emini is Always In Long […]
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Intraday market update: December 9, 2015
Intraday market update: December 8, 2015
Learn how to trade a sell signal on the daily chart
Posted 7:05 a.m. The Emini gapped below yesterday’s low and sold off on the 1st bar, but reversed up strong strongly. The follow-through has been disappointing, which is a reminder that yesterday’s trading range price action and the trading range price action on the daily chart are still important influences. This increases the chances for […]
Intraday market update: December 7, 2015
Learn how to trade consecutive doji candlestick patterns
Posted 7:15 a.m. The day opened with a 8 bar bear micro channel. However, the follow-though has not been strong. The entire leg down from yesterday’s high has had many bull bars, and it is therefore more likely a bull leg in what will become a trading range than a bear trend. A trading range […]
Emini weekend update: December 5, 2015:
More trading range price action next week
Monthly S&P500 Emini futures candlestick chart: Double top, and more trading range price action next week The monthly S&P500 Emini futures candlestick chart is forming a double top with the July all-time high. The monthly S&P500 Emini futures candlestick chart has only had 4 trading days this month so the monthly chart is unchanged from […]
Intraday market update: December 4, 2015
Day trading tip is to expect a trading range day
Posted 7:05 a.m. The Emini opened with a strong bull breakout and an early test above last week’s low. The bears want a sell vacuum test of last week’s low and the 60 minute moving average, and then an endless pullback and a bear trend day. It is more likely that the buy climax on […]
Intraday market update: December 3, 2015
Learn how to trade a bear breakout on the 60 minute chart
Posted 7:17 a.m. The Emini began with big bars and big reversals. This is a dangerous environment for most traders because the big bars increase the risk and the big reversals lower the probability of a swing trade. The 6th bar triggered an expanding triangle buy from a reversal up from yesterday’s low, and the […]
Intraday market update: December 2, 2015
Learn how to trade a divergence
Posted 7:20 a.m. The Emini began with a rally, but it was mostly trading range price action with multiple reversals. This made it more likely a bull leg in what would become a trading range than the start of a strong bull trend. The bulls want at least 1 – 2 hours of follow-through buying […]
Intraday market update: December 1, 2015
Learn how to trade quiet price action
Posted at 7:19 a.m. The Emini had a trend from the open bull trend and it broke above the top of the 6 day trading range. The breakout failed and the bears completely reversed the initial rally. At the moment, the Emini is Always In Short. The reversal was strong enough so that the best […]
Intraday market update: November 30, 2015
Learn how to trade a doji candlestick pattern
Posted 7:15 a.m. The Emini sold off on the open from above Friday’s high. Friday had a small range so today could easily trade below Friday’s low and form an outside down day. The selloff had 6 bear bars and was deep enough to make a bull trend day unlikely today. Because there was a […]
Emini weekend update: November 28, 2015:
Weekly candlestick pattern is a major trend reversal
Monthly S&P500 Emini futures candlestick chart: Double top in bull trend The monthly S&P500 Emini futures candlestick chart is forming a doji candlestick pattern, and there is only one trading day left in the month. The monthly S&P500 Emini futures candlestick chart has one trading day left in the month. The candlestick pattern in November […]
