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 15, 2014: bull trend reversal after a sell climax
Premarket price action analysis See yesterday’s «Outlook for tomorrow’s Emini price action and day trading» S&P500 Emini intraday market update for price action day traders: bull trend reversal after a sell climax Posted 7:04 a.m. The S&P500 Emini had a bull trend reversal after a sell climax and it is in a bull trend. It […]
Intraday market update, October 14 2014: consecutive sell climaxes so a trading range likely
Outlook for tomorrow’s Emini price action and day trading The Emini tested yesterday’s low and reversed up, after 3 consecutive sell climaxes. It tested it again late in the day and reversed up again. It formed a trading range day, as expected. The Emini gapped up today after 3 consecutive big bear trend days. It […]
Intraday market update, October 13 2014: trading range likely for day trading
End of day comments about today’s Emini price action and day trading: strong follow-through selling The Emini had early follow-through selling after yesterday’s strong bear breakout, but it reversed up after the first hour. However, there was a strong selloff into the close and this resulted in a doji candle on the daily chart. The […]
Emini weekend update: October 11, 2014: strong bear breakout on the daily chart for swing traders
The monthly S&P500 Emini candle is forming a big bear entry bar in an overbought market The monthly Emini chart triggered a second entry sell signal last week and is now forming a big bear entry bar. However, there is a long time before the monthly bar closes and it might look much different once […]
Intraday market update, October 10, 2014: bull trend reversal and then bear trend reversal
End of day comments about today’s Emini price action and day trading: Strong bear breakout on the daily chart The Emini reversed up strongly on the open, but failed to get above yesterday’s lower high and then sold off to a new low of the day. It became a big bear trend day, closing below […]
Forex price action showing trend reversal
The Forex market daily chart of the EURUSD cross has been in a trading range for months and had a sharp selloff down to an area where buyers came in during February and April. Traders watching this Forex price action found a day trading opportunity today on the 5 minute chart. The 5 minute Euro […]
Intraday market update, October 09, 2014: trading range day for day traders
End of day comments about today’s Emini price action and day trading: strong bear trend day Although yesterday was a bull channel and therefore a bear flag, the selling today was much stronger than what is usual after such a strong bull reversal. Tomorrow might gap down and create a measuring gap on the daily […]
Intraday market update, October 08, 2014: day traders are in breakout mode
End of day comments about today’s Emini price action and day trading The Emini had early follow-through selling and then the expected strong bull reversal. Today was a huge bull trend day. The Emini was in a trading range for the first hour and then had a downside breakout. It then formed a double bottom […]
Intraday market update, October 07, 2014: breakout mode for day traders
End of day comments about today’s Emini price action and day trading The Emini had trading range price action and spent 5 hours in a triangle. There was a late bear breakout for resumption of the bear trend. As soon as a trading range has 3 pushes up or down, it is a triangle. The […]
