Posted 7:15 a.m. The Emini gapped up and formed a 2 day island bottom. The initial rally closed the gap down on the daily chart. However, there were no consecutive big bull bars and many bars had tails on top. This is trading range price action. Although the Emini is Always In Long, this rally […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]