The Emini had a wedge bear flag below the moving average on the open, and the opening range was about half of an average day’s range. This is a setup for a measured move up or down and a trending trading range day. The bear breakout below the bottom of the wedge was the entry […]

I posted this chart after the close. After a bull trend opening reversal at 7:05 am PST, the Emini made a new high, but it formed a parabolic wedge and an expanding triangle top. This resulted in a deep pullback that ended with a parabolic wedge bottom at 10:10 am. It sold off from a […]

I posted this chart after the close. The bulls had a bull trend opening reversal at the moving average, but the market then had a parabolic wedge top at 7:45 am. This was followed by a small lower high major trend reversal. It formed as a small double top in a tight trading range, as […]

I posted this chart after the close. The Emini and stock market broke to a new all time high, but the breakout and follow-through were weak. The market entered a tight trading range. The bears were able to test the open of the day in the final hour, but the Emini worked back up into […]

I posted this chart after the close. Today sold off to a parabolic wedge bottom just above yesterday’s low, but the selling lacked consecutive big bear trend bars. This made the selloff more likely a bear leg in a trading range rather than in a bear trend. Also, since yesterday (Friday) was such a strong […]

I posted this chart after the close. Yesterday had a sell climax in a tight bear channel so the odds favored a rally today that would last at least a couple of hours. The Emini candle chart had a small pullback bull trend day, and it closed near the open of the week, creating a […]

I posted this chart after the close. The market again rallied above last week’s high, but reversed down from a parabolic wedge top. It formed a wedge bottom at the low of the day and held above the most recent 60 minute higher low. After testing the open, it began a small pullback bear channel […]

I posted this chart after the close. The Emini sold off again from above last week’s high. However, the bear trend on the open looked more like a bear leg in what would probably become a trading range, which was the case. The bulls bought the wedge bull flag for the low of the day, […]

I posted this chart after the close, showing all of the day’s Emini price action, including the failed weekly buy signal that occurred 20 minutes into the day. The Emini reversed down after triggering a high 1 buy signal on the weekly chart. The wedge bottom at 7:20 am PST failed, and the market fell […]