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 […]
Intraday market update, October 06, 2014: bear trend channel
End of day comments about today’s Emini price action and day trading The Emini sold off from above yesterday’s high and reversed up at a measured move down from today’s high to yesterday’s close. Day traders bought the lower low major trend reversal. The Emini had 4 consecutive bear bars after the high of the […]
