Posted 7:16 a.m. There was a gap up but weak rally in the Emini. The bears triggered a small wedge top for a swing sell. The daily chart has been in a trading range for at least 6 months. In a trading range, when there are two resistance levels that are close to one another, […]
Intraday market update, October 28, 2014:
Intraday market update, October 27, 2014:
Nested wedge top
Posted 7:11 a.m. The Emini formed a nested wedge top on Friday. Friday’s wedge top was the 3rd leg up in a larger, 4 day wedge top. After 3 dojis on the open, the Emini had a bear breakout. Support below is the 60 minute moving average, yesterday’s low, and the bottom of the 4 […]
Emini weekend update: October 25, 2014: bull breakout and trend reversal on the weekly chart
The monthly S&P500 Emini is reversing up sharply from a test of the moving average and last year’s close The monthly Emini chart has been in a small pullback bull trend, which limits the downside over the next several bars. The Emini reversed up sharply from just above the moving average. It looks like it […]
Intraday market update, October 24, 2014: tight trading range for scalping
Premarket price action analysis For tomorrow’s analysis, wait until after today’s close. Then, look at the bottom of this post for “Outlook for tomorrow’s Emini price action and day trading.” If you want to see today’s premarket analysis, I posted it after yesterday’s close in yesterday’s blog at S&P500 Emini intraday market update. S&P500 Emini […]
Intraday market update, October 23, 2014:
Gap up then bull trend on the open
Premarket price action analysis For tomorrow’s analysis, wait until after today’s close. Then, look at the bottom of this post for “Outlook for tomorrow’s Emini price action and day trading.” If you want to see today’s premarket analysis, I posted it after yesterday’s close in yesterday’s blog at S&P500 Emini intraday market update. S&P500 Emini […]
Intraday market update, October 22, 2014: probable trading range
Premarket price action analysis For tomorrow’s analysis, wait until after today’s close. Then, look at the bottom of this post for “Outlook for tomorrow’s Emini price action and day trading.” If you want to see today’s premarket analysis, I posted it after yesterday’s close in yesterday’s blog at S&P500 Emini intraday market update. S&P500 Emini […]
Intraday market update, October 21, 2014: big gap up and test of resistance
Premarket price action analysis For tomorrow’s analysis, wait until after today’s close. Then, look at the bottom of this post for “Outlook for tomorrow’s Emini price action and day trading.” If you want to see today’s premarket analysis, I posted it after yesterday’s close in yesterday’s blog at S&P500 Emini intraday market update. S&P500 Emini […]
Intraday market update, October 20, 2014: bull breakout of a trading range
Premarket price action analysis For tomorrow’s analysis, wait until after today’s close. Then, look at the bottom of this post for “Outlook for tomorrow’s Emini price action and day trading.” If you want to see today’s premarket analysis, I posted it after yesterday’s close in yesterday’s blog at S&P500 Emini intraday market update. S&P500 Emini […]
Emini weekend update: October 18, 2014: swing trading the island bottom on the daily chart after the sell climax
Will 2014 be up or down on the year? Sometimes something that happens early gives a clue to what will happen late. The year is coming to a close and the first bar of the year on every time was a bear trend bar. I always say that the close of the bar is the […]
Intraday market update, October 17, 2014: opening bull trend reversal and an island bottom
Premarket price action analysis For tomorrow’s analysis, wait until after today’s close. Then, look at the bottom of this post for “Outlook for tomorrow’s Emini price action and day trading.” If you want to see today’s premarket analysis, I posted it after yesterday’s close in yesterday’s blog at S&P500 Emini intraday market update. S&P500 Emini […]
