Monthly S&P500 Emini candle chart: Tight bull channel, but buy climax The monthly Emini candle chart is still in a bull trend, and this month is still forming an ioi breakout mode setup. The 60 minute chart is strongly up, which could make this month’s high go above last month’s high. The monthly S&P500 Emini […]
If you are not seeing the latest Weekly Report below, your PC/device browser is likely showing you an earlier page copy. Simply refresh your browser. For PCs you can use the F5 key, or Ctrl-F5, several times if needed.
Emini weekend update: March 20, 2015:
Intraday market update, March 20, 2015:
Bull trend resumption
Posted 7:05 a.m. The Emini is always in long and has a big gap up, but it is far above the moving average and in a tight trading range. Traders should wait for a good signal bar and good context. This is a limit order market so far and most traders should wait. This might […]
Intraday market update, March 19, 2015:
Pullback after a buy climax
Posted 7:02 a.m. The Emini opened with quiet trading, which was likely after yesterday’s buy climax. The pullback began in the final hour yesterday, and the bulls see this as a pullback after an overdone rally. The bears are hoping that the rally was the 3rd push up on the 60 minute chart and a […]
Intraday market update, March 18, 2015:
ABC bear flag
Posted 7:05 a.m. The Emini gapped down, but had trading range bars on the selloff to test yesterday’s low. The bears got a breakout below yesterday’s low to trigger the low 2 short on the daily chart, but the follow-through has been weak. This makes the selloff more likely a bear leg in what will […]
Intraday market update, March 17, 2015:
Trading range and breakout mode
Posted 7:00 a.m. The Emini had an opening reversal down from the 15 minute moving average, and is always in short. Yesterday had a lot of two sided trading. The market is now between the support of the 60 minute moving average and yesterday’s low, and the resistance of the 15 moving average and yesterday’s […]
Intraday market update, March 16, 2015:
ABC pullback after the wedge trend reversal
Posted 7:00 a.m. The Emini yesterday ended always in long and gapped up today and rallied above the neckline of the 3 day double bottom. The bulls want to get above the lower high at 2075.00 because that was the most recent lower high in the bear channel. If the bulls succeed, then the 60 […]
Intraday market update, March 13, 2015:
Bear flag or a bull flag
Posted 7:00 a.m., and updated 7:05 a.m. The day opened with big bars and prominent tails at the 60 minute moving average and within yesterday’s tight trading range. This is trading range trading and it increases the chances that today will be a trading range day. Until there is a strong breakout up or down […]
Emini weekend update: March 14, 2015:
Pullback in a bull trend or a bear reversal
Monthly S&P500 Emini candle chart: Sell signal bar forming The monthly Emini candle chart is forming an ioi sell signal in an overbought bought bull trend, but there is still a lot of time before the bar closes and it could look bullish by the end of the month. The monthly S&P500 Emini candle chart […]
Intraday market update, March 12, 2015:
Oversold and at support
Posted 6:53 a.m. The Emini broke strongly above the 5 minute broad bull channel and had good follow-through on the breakout. The top of the 60 minute bear channel is around 2052, and that is an obvious target. With such a strong reversal up from such an oversold market, there is a 70% chance that […]
Intraday market update, March 11, 2015:
Trading range after the trend channel
Posted 6:54 a.m. Today opened with a doji within yesterday’s tight trading range. Yesterday was in a broad bear channel, which usually evolves into a trading range, and the day was mostly within a tight trading range. There are targets below and above. This increases the chances of a trading range day. Until there is […]