Posted 7:31 a.m. The Emini opened with a gap up, but reversed down just below yesterday’s high and entered a tight trading range. It was Always In Short from the 1st bar and the bull reversal attempts were not enough to change it. The bulls wanted an opening reversal up from support, like the moving […]
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Intraday market update: September 2, 2015
Intraday market update: September 1, 2015
Day trading strategy when the candlestick pattern is a gap down
Posted 7:08 a.m. The Emini began with a trend from the open bull trend after a big gap down to the midpoint of the sell entries on the daily chart for the scale in bears. However, 5 of the 1st 6 bars had prominent tails, which is trading range price action. The next downside target […]
Intraday market update: August 31, 2015
Learn how to trade the markets in a bear rally
Posted 7:40 a.m. The Emini began with a trend from the open bear trend, but there were many reversal attempts in the selloff and the bulls closed every micro gap down. This was a breakout below yesterday’s a tight trading range and therefore it was not likely to fall far. The bears stalled at the […]
Emini weekend update: August 29, 2015:
Learn how to trade trading range price action
Monthly S&P500 Emini futures candlestick chart: Finally pulled back to the moving average The monthly S&P500 Emini futures candlestick chart pulled back to the moving average and found “20 gap bar bulls”. Will this be more like October 2000 or October 2014? The monthly S&P500 Emini futures candlestick chart found 20 gap bar bulls at […]
Intraday market update: August 28, 2015
Learn how to trade a buy climax
Posted 7:17 a.m. The Emini opened with tight trading range price action, which is breakout mode and a limit order market. Traders had to be patient. The magnet above was yesterday’s high. The magnets below were the moving average, the bottom of the final channel up at the end of yesterday at around 1966, the […]
Intraday market update: August 27, 2015
Price action patterns in a trading range
Posted 7:15 a.m. The Emini opened above yesterday’s high and formed an island bottom on the daily chart. It also went above the top of the gap (Friday’s low), but turned down. After 4 consecutive bear bars and a buy climax test of resistance, the Emini became Always In Short. However, the bull channel from […]
Intraday market update: August 26, 2015
Learn how to trade the market when candlestick patterns are big
Posted 7:25 a.m. The Emini opened with a big gap up and then had a trend from the open bear trend. A big gap up after yesterday’s big selloff is a reversal, but it is confusing and the result is usually a trading range. Today might be a second consecutive inside day. The bulls are […]
Intraday market update: August 25, 2015
Learn how to trade a climax
Posted 7:08 a.m. The Emini opened just below yesterday’s high and pulled back. The gap above yesterday’s high is resistance and the 15 minute moving average was resistance yesterday and is support today. The Emini had an early tight trading range with many dojis, and yesterday was a big trading range day. This is a […]
Intraday market update: August 24, 2015
Candlestick pattern is a sell climax
I will post around 7:10 a.m. The Emini had a huge gap down, but it is a pullback below the monthly moving average and 20 gap bar buy. The monthly bulls bought. There is a 70% chance that the low of the day is in. A measured move up from the bodies of the 2nd […]
Emini weekend update: August 22, 2015:
Learn how to trade the markets in a bear trend
Monthly S&P500 Emini futures candlestick chart: Almost to EMA The monthly S&P500 Emini futures candlestick chart is now only about 30 points above its moving average. I have been saying that there was an 80% chance of it penetrating the moving average this year, and it will probably happen this month or next, and possibly […]
