Dow and NASDAQ divergence today. The Emini closed up 1.25 points at 1,373.00 on Wednesday. Lots happening today: index divergence, Oops pattern and very high Emini volume. Is the evidence of a market turn mounting?
Emini Trading Blog
Ã¢â‚¬Å“Drop and PopÃ¢â‚¬Â today on very high volume. The Emini closed down 4.25 points at 1,371.75 on Tuesday. DÃƒÂ©jÃƒ vu? It felt like Friday 6 October all over again with a long legged Doji candlestick pattern on high volume. Do you know which way to trade the Emini market now?
Trading Index (TRIN) weakness today. The Emini edged up 2.5 points to 1,376.00 on Monday. However, the Trading Index oscillator turned and volume shrank. This is another sign of weakness following Friday’s turn down in the Smart Money indicator. Do you know how to use the Trading Index (TRIN) data?
Market advances but Smart Money turns. The Emini closed up 2.75 points at 1,373.50 on Friday. The market continued its advance today but with only a small rise and weaker volume. Are the professionals taking profits?
Strong continuation on good volume today. The Emini closed up 11.75 points at 1,370.75 on Thursday. The bounce off the rising trend line we saw on Wednesday continued today with good volume, large range and closing on the highs. How much further will the rally go?
Downside break and trend line bounce today. The Emini closed down 1.75 points at 1,359.00 on Wednesday. We got the downside break expected after yesterday’s analysis. Then the Emini bounced off a rising trend line on large volume in the afternoon. Will the rally continue?
Doji candlestick pattern and weakness today. The Emini rose 1.5 points and closed at 1,360.75 on Tuesday. Normal trading volumes resumed today but no breakout move yet. Does todayÃ¢â‚¬â„¢s trading activity help determine the next market move?
Continued low volume and range today. The Emini closed up a fraction at 1,359.25 on Monday. The market was very quiet today because of the Columbus Day holiday. We are expecting a breakout move but the question is in which direction?
Larry Williams Oops pattern follow through today. The Emini closed up strongly at 1,358.25 on Wednesday. Yesterday we had an Oops pattern that was followed by a strong trend move today. Keep reading this article to understand how to identify this useful pattern, originally identified and named by Larry Williams.
Trend line bounce today. The Emini closed up at 1,343.25 on Tuesday. The market gapped down at the open, continued lower and then bounced off a rising trend line. Keep reading this article to see how I plot trend lines and use them to gauge the mood of the market.