I posted this chart after the close. The Emini reversed down from above yesterday’s high in a big low 2 sell setup (an ABC bear flag). The strong bear breakout at 7:45 led to a bear channel, and the Emini entered a spike and channel bear trend. Bear trends are always forming wedge trend reversal […]

I posted this chart after the close. The Emini today had a strong bull trend reversal up from below yesterday’s low, and it offered many buy setups for day traders. The Emini and S&P500 had 60 minute lower low major trend reversals. The Emini had consecutive buy climaxes up to the resistance of a measured […]

I posted this Emini chart after the close. The stock market today remained in a trading range until 10:40 am PST when it had a very big bear breakout bar. Day traders who were watching were able to sell as the bar formed. When a bar is that big, the odds of more selling are […]

I posted this chart after the close. Today’s Emini price action was controlled by yesterday’s strong reversal up. The odds favored a second leg up. During the first hour of day trading, the stock market was in a tight trading range within yesterday’s trading range. That made a trading range day likely. However, the bulls […]

I posted this chart after the close. Yesterday formed a huge bear breakout on the daily stock market charts. After an early, big rally today, the Emini fell to a new low of the day. Whenever a rally goes that far above the open, there is a lot of buying pressure, and that reduces the […]

I posted this Emini chart after the close. The Emini gapped down and then entered a trading range from 8:00 am to 11:30 am. This was followed by bear trend resumption into the close. The daily and 60 minute charts are always in short. The breakout was very strong and will probably have at least […]

I posted this chart after the close. The Emini sold off early and fell below last week’s low and the open of the month. It then reversed up from an expanding triangle bottom, which is always a lower low major trend reversal. There was an 11:00 am FOMC report. The bear breakout below the triangle […]

I posted this chart after the close. The Emini had a wedge top bear trend reversal after yesterday’s final flag. The Emini and S&P500 then reversed up from a wedge bottom. The Emini formed a wedge lower high major trend reversal and then trended down into the close. The overall pattern was very similar to […]

I posted the chart after the close. The Emini sold off and tested last week’s low, and then reversed up from a small wedge bottom. It formed a higher low major trend reversal at 9:45 am, and then rallied to a new high of the day, but failed to get above yesterday’s high. Today bounced […]