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 […]

This chart was posted after the close. The Emini and stock market gapped up, but then entered a tight trading range for the rest of the day. The bulls want a breakout above the top of the 60 minute wedge top. The bears want a double top and then a bear breakout below the neckline. […]

The Emini was in a triangle for the first three hours of the day and then had a bull breakout. The bulls wanted a second leg up after the strong reversal up yesterday from the failed breakout below last week’s low. Posted 7:41 am PST. The key feature in today’s intraday update is the test […]

Chart posted after the close. Gap down and reversal up because today fell below last week’s low. That made today the first pullback in a 10 bar bull microchannel on the weekly chart. Odds favored the first bear reversal would fail. However, the market usually tries to get above the top of the microchannel and […]

This chart was posted after the close. The Emini and stock market had a strong bull opening reversal at the moving average, which controlled the day’s price action. Bulls kept buying pullbacks, and none fell below the bottom of the bull breakout that began at 7:25 am. Posted 7:52 am PST. The key feature in […]

This chart was posted after the close. The stock market began with a bear leg in what was likely to become, and which became, a trading range, and this was followed by a higher low major trend reversal. Posted 7:49 am PST.The key feature in today’s intraday report is the trend from the open bear […]

Trending trading range day after a weekly buy climax (chart posted after the close). Posted 8:06 am PST. The key feature in today’s intraday update is the small trading range price action after a weekly buy climax. The weekly chart has an 10 bar bull microchannel. Since it is late in a bull trend, it […]

I added this chart after the close. The market was in breakout mode and reached a measured move up. Posted 7:50 am PST. The key feature in today’s intraday update is the breakout mode opening range. Today had a strong unemployment report. The Emini closes at 10:15 am because tomorrow is the 4th of July. […]

Today was a quiet trading range day after yesterday’s buy climax above the top of the weekly channel. Posted 8:15 am PST. The key feature in today’s intraday update is that today is the day after a strong breakout about the top of the weekly channel. Since yesterday was a buy climax, today most likely […]