Posted 7:22 a.m. The bulls got a trend from the open bull trend and then began to form dojis. That is a sign that it is probably entering a tight trading range, and that it might be sideways for 2 or more hours. If so, the bulls will try for trend resumption up later in […]
Intraday market update: October 22, 2015
Intraday market update: October 21, 2015
Learn how to trade an overbought trend
Posted 7:15 a.m. The Emini opened with a limit order market just below yesterday’s high, and reversed down from a micro double top. Because the few big bull days of the past 3 weeks have had only small tails below and today’s selloff is already 9 points below the open, today will probably not be […]
Intraday market update: October 20, 2015
Learn how to trade a wedge top
Posted 7:26 a.m. Today’s open was similar to yesterday’s, except that yesterday had strong bulls on the day before. It is a limit order open, and it increases the chances for more trading range price action today, especially after 2 trading range days. A strong trend can come at any time, but traders need to […]
Intraday market update: October 19, 2015
learn how to trade a candlestick pattern: expanding triangle bear flag
Posted 7:08 a.m. The Emini reversed up from above yesterday’s low with 4 bull trend bars closing above their midpoints. It is testing near the top of Friday’s trading range. Because Friday was a trading range day, the odds of a trading range day today are higher. While it is possible that this initial rally […]
Emini weekend update: October 17, 2015:
Learn how to trade bull candlestick patterns
Monthly S&P500 Emini futures candlestick chart: Breakout of small bull flag at the moving average The monthly S&P500 Emini futures candlestick chart broke above last month’s high after the first pullback to the moving average in 38 months. This is a breakout above a 2 month bull flag. The bulls on the monthly S&P500 Emini […]
Intraday market update: October 15, 2015
Learn how to trade a bull flag
Posted 7:07 a.m. Today opened with a limit order market. Support was the moving average and resistance was at the two lower highs from yesterday. The bulls needed a breakout above the lower highs to end the bear channel. The bears want the channel to continue, but need a new low in addition to the […]
Intraday market update: October 14, 2015
Learn how to trade the markets in a bull flag
Posted 7:02 a.m. The Emini dipped 1 tick below yesterday’s low and reversed up with a pair of strong bull trend bars. That made the Emini Always In Long. Yesterday was a bear channel, and a bear channel usually transitions into a trading range rather than a bull trend. This means that there might be […]
Intraday market update: October 13, 2015
Learn how to trade the markets in a pullback
Posted 7:05 a.m. The Emini gapped down, but reversed up strongly from the 1st pullback to the 60 minute moving average in several days. The Emini is Always In Long, and there is a 70% chance that the 1st bar of the day will remain the low of the day or the low of the […]
Intraday market update: October 12, 2015
Learn how to trade the markets after trend exhaustion
Posted 7:15 a.m. Friday’s tight trading range continued on the open, and an early tight trading range increases the chances of a lot of trading range price action for the rest of the day. Friday was a doji day after Thursday’s buy climax. The climax was at resistance. The odds are that the Emini will […]
Emini weekend update: October 10, 2015:
Learn how to trade the markets at the top of the trading range
Monthly S&P500 Emini futures candlestick chart: Bull flag at the moving average The monthly S&P500 Emini futures candlestick chart is holding above the moving average after the first pullback to the average in 38 months. The monthly S&P500 Emini futures candlestick chart has tried to break below the moving average during each of the 3 […]
