Tech_Trader88

Tech_Trader88

Wednesday’s candlestick (Jun 18) was an inside bull bar closing in its upper half. In our last report, we said traders would see if the bulls could create follow-through buying over the next several days, or if the bears would get a follow-through bear bar instead. The market traded slightly higher and the bears could not get a follow-through bear bar. The...

Tech_Trader88

Tuesday’s candlestick (Jun 17) opened higher but closed as a bear bar near its low. In our last report, we said traders would see if the bulls could create follow-through buying over the next several days, or if the market traded down and lacked follow-through buying instead. If this is the case, it will indicate the bulls are not yet strong. The market...

Tech_Trader88

Monday’s candlestick (Jun 16) was a bull bar closing near its high and breaking out above the trading range. In our last report, we said the market would likely open higher. Traders would see if the bulls could close the day as a bull bar above the 4000 level, or if the market opens higher, but lacks follow-through buying, closing the day with a bear body...

Tech_Trader88

Friday’s candlestick (Jun 13) was a bull bar closing near its high and above the 20-day EMA. In our last report, we said traders would see if the bears could create another follow-through bear bar, or if the market stalls again and form a bull bar trading above the 20-day EMA in the next few days instead. The market stalled again and formed a bull bar...

Tech_Trader88

Thursday’s candlestick (Jun 12) was a doji bar closing in its lower half with a long tail below. In our last report, we said traders would see if the bears could create another follow-through bear bar, or if the market would stall and form a bull bar trading above the 20-day EMA in the next few days instead. Poor follow-through and frequent reversals are...

Tech_Trader88

Wednesday’s candlestick (Jun 11) was a bear bar closing below the middle of its range with a prominent tail below. In our last report, we said traders would see if the bears can create a follow-through bear bar, or if the bulls could create a bull bar closing above the 20-day EMA. The market formed a follow-through bear bar but the prominent tail below...

Tech_Trader88

Tuesday’s candlestick (Jun 10) was a decent-sized bear closing near its low and below the 20-day EMA. In our last report, we said traders would see if the bears can maintain the candlestick as a bear bar, or if the bulls could create a reversal to close the day as an outside bull bar. The market opened higher in the morning but there was no follow-through...

Tech_Trader88

Monday’s candlestick (Jun 9) was a small bear doji. In our last report, we said traders would see if the bulls could create a bull entry bar testing near the Jun 3 high area, or if the bears would get another attempt to close below the 20-day EMA. The market traded above Friday's high but the bulls did not get a strong bull entry bar. In the night session...

Tech_Trader88

Friday’s candlestick (Jun 6) was a doji bar closing slightly above the middle of its range. In our last report, we said traders would see if the bears could create a follow-through bear bar closing below the 20-day EMA, or if the bulls could create a bull bar reversing higher instead like June 3. The market opened higher during the day's session but reversed...

Tech_Trader88

Thursday’s candlestick (Jun 5) was a bear bar closing near its low with a small tail below. In our last report, we said traders would see if the bulls could continue to create follow-through buying above the 20-day EMA, or if the bears would be able to develop bear bars trading back below the 20-day EMA in the next few days instead. The market traded lower...

Tech_Trader88

Wednesday’s candlestick (Jun 4) was a bear bar doji closing in its upper half with a long tail below. In our last report, we said traders would see if the bulls could continue to create follow-through buying above the 20-day EMA, or if the bears would be able to develop bear bars trading back below the 20-day EMA in the next few days instead. The market...

Tech_Trader88

Tuesday’s candlestick (Jun 3) was a bear bar doji closing in its lower half with a long tail above. In our last report, we said traders would see if the bears could create a follow-through bear bar, or if the market would trade slightly lower, but close with a long tail below or with a bull body instead. The market gapped up at the open and traded...

Tech_Trader88

Friday’s candlestick (May 30) was a bear bar closing in its lower half with a prominent tail below. In our last report, we said traders would see if the bulls could create a retest of the May 29 high, even if it only forms a lower high, or if the market would reverse below the 20-day EMA again, like the previous two times (May 15 and May 21). If so,...

Tech_Trader88

Thursday’s candlestick (29 May) was a bull bar closing above the middle of its range with a prominent tail above. In our last report, we said traders would see if the bulls could create a follow-through bull bar closing above the 20-day EMA, or if the market would reverse below the 20-day EMA again, like the previous two times (May 15 and May 21). The bulls...

Tech_Trader88

Wednesday’s candlestick (28 May) was a bull bar closing near its high. In our last report, we said traders would see if the bulls could create a follow-through bull bar closing above the 20-day EMA, or if the market would stall at the 20-day EMA again. The bulls created a follow-through bull bar closing slightly above the 20-day EMA. They want a reversal...

Tech_Trader88

Tuesday’s candlestick (27 May) was a bull bar closing near its high. In our last report, we said traders would see if the bulls could create a follow-through bull bar closing near its high. If so, the odds of a retest of the 20-day EMA or the 3950 area will increase. Or if the bears would still be able to create more follow-through selling. The bulls managed...

Tech_Trader88

Monday’s candlestick (26 May) was a bear doji closing near its high with a long tail below. In our last report, we said the market could still trade at least a little lower. Traders would see if the bears could create a follow-through bear bar closing near its low, or if they would fail to do so, and the candlestick would close with a long tail below or with...

Tech_Trader88

Friday’s candlestick (23 May) was an inside bear doji. In our last report, we said traders would see if the bears could create a follow-through bear bar closing near its low. If so, the weekly candlestick will close near its low, increasing the odds that the market will trade at least slightly lower next week. The bears got some follow-through selling albeit...