Posted 7:10 a.m. The bears got follow-through selling on the open, and it sometimes lasts for an hour or two. While it is possible that today could be a big bear trend day, the odds are that the selling that began yesterday has been climactic enough to entice the bears into taking profits within the […]
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Intraday market update: November 13, 2015
Intraday market update: November 12, 2015
Learn how to trade the markets near support
Posted 7:39 a.m. The Emini has been in a tight trading range at the Globex measured move target and the daily moving average. It is Always In Short, but oversold on the 60 minute chart. There is no bottom yet, but when a market enters a tight trading range and it is oversold, as it […]
Intraday market update: November 11, 2015
Learn how to trade a trading range rally
I will post around 7:11 a.m. The Emini began with a failed breakout above yesterday’s high and the top of yesterday’s bull channel, and had a trend from the open bear trend. The follow-through bars were weak, which increases the chances that the swing down will be followed by a trading range or even a […]
Intraday market update: November 10, 2015
Learn how to trade a bear breakout on the 60 minute chart
Posted 7:08 a.m. The Emini began with a limit order open, which increases the chances of a lot a trading range price action today. Trading range days have at least one swing up and one swing down, and either can come first, and both usually last at least a couple of hours. When there is […]
Intraday market update: November 9, 2015
Learn how to trade a pullback after a buy climax
Posted 7:24 a.m. After a brief bull trap on the open, the Emini sold off, but the big bear bars were followed by bull bars. This is more common when a selloff is a bear leg in what will become a trading range. The bulls see the open as a sell climax and a parabolic […]
Emini weekend update: November 7, 2015:
Learn how to trade consecutive buy climaxes
Monthly S&P500 Emini futures candlestick chart: Possible double top The monthly S&P500 Emini futures candlestick chart is forming a possible double top. The monthly S&P500 Emini futures candlestick chart reversed up strongly from its moving average in October, but the signal bar was a doji. This increased the chances that the rally will be part […]
Intraday market update: November 6, 2015
Learn how to trade price action after a report
Posted 6:58 a.m. The Emini formed a 17 point tall doji bar after the report this morning, and then traded sideways. Yesterday was a triangle, and today opened within the triangle and the 1st 2 bars had prominent tails. This is trading range price action, and it reduces the chances that the bulls reach a […]
Intraday market update: November 5, 2015
Learn how to trade before a catalyst
Posted 7:15 a.m. Today began with a limit order open. Yesterday ended with a high low major trend reversal. The bulls wanted a rally on the open. There are nested wedge tops on the 5 and 60 minute charts. The bears see yesterday as the first leg down. Yesterday’s low is an entry for a […]
Intraday market update: November 4, 2015
Learn how to trade at an all-time high
Posted 7:01 a.m. The Emini sold off on the open. It failed to rally above the resistance of the all-time high. There are extreme buy climaxes on the 60 minute and daily charts. The bulls hope to get to a new all-time high today, but the trend from the open bear trend make that unlikely. […]
Intraday market update: November 3, 2015
Learn how to trade exhaustion
Posted 7:15 a.m. The Emini began with a reversal down and a reversal up in a narrow range at the support of level of the August 17 high (top of the bear trend). This was a Breakout Mode setup, and it often leads to a trading range that lasts 2 or more hours. The target […]
