Tech_Trader88

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...

Tech_Trader88

Thursday’s candlestick (22 May) was a big bear bar closing near its low. In our last report, we said traders would see if the bears could create a strong bear entry bar closing near its low, or if the market would continue to trade sideways around the 20-day EMA area instead. The bears got a big bear entry bar testing near the May 16 low area. They see the...

Tech_Trader88

Wednesday’s candlestick (21 May) was an inside bear bar closing in its lower half and closing below the 20-day EMA. In our last report, we said traders would see if the bulls could create another follow-through bull bar closing above the 20-day EMA, or if the market would continue to stall around the 20-day EMA area. If this is the case, the odds of a retest...

Tech_Trader88

Tuesday’s candlestick (20 May) was a bull bar closing slightly above the middle of its range with a long tail above, and closing around the 20-day EMA. 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 trade slightly higher, but stall below the May 14 high and...

Tech_Trader88

Monday’s candlestick (19 May) was a bull bar closing in its upper half. In our last report, we said traders would see if the bears could get another follow-through bear bar, or if the market would retest the May 14 high, even if it only forms a lower high. The market gapped up at the open and traded up for the day, testing near the 20-day EMA. The bears...

Tech_Trader88

Friday's candlestick (May 16) was a follow-through bear bar with tails. In our previous report, we said traders would see if the bears could get a strong follow-through bear bar. If they do, the odds of retesting the May 8 low increase. Or if the market would trade slightly lower, but close with a long tail below or a bull body, forming a higher low instead. ...

Tech_Trader88

Thursday's candlestick (May 15) was a big bear bar closing in its lower half with prominent tails. In our previous report, we said traders would see if there would be a retest of the 4000 high area, and if the retest of the 4000 level is weak, sellers may return. Or would the bears be able to create a strong bear entry bar, which can lead to a retest of the...

Tech_Trader88

Wednesday's candlestick (May 14) was a bull doji closing in its lower half with a long tail above. In our previous report, we said the traders want to see if the bulls can create sustained follow-through buying, closing above the 20-day EMA or if the market would trade higher, but stalls around the 20-day EMA area (around 3950) and close with a long tail or a...

Tech_Trader88

Tuesday's candlestick (May 13) was a bull doji closing slightly below the middle of its range with prominent tails above and below. In our previous report, we said the market may gap up early. Traders would see if the bulls could create a follow-through bull bar closing near its high, or if the market would trade higher, but the candlestick closes with a long...

Tech_Trader88

Friday's candlestick (May 9) was a bull doji closing above the middle of its range. In our previous report, we said traders would see if the bulls could create sustained follow-through buying. If they can do that, the odds of a 2-legged sideways to up pullback will increase. Or if the market would trade higher, but the candlestick closes with a long tail...

Tech_Trader88

Thursday's candlestick (May 8) was an outside bull bar closing near its high. In our previous report, we said the market could still trade at least a little lower. Traders would see if the bears could create another follow-through bear bar, or if the market would trade lower, but the candlestick closes with a long tail below or a bull body. The market traded...

Tech_Trader88

Wednesday's candlestick (May 7) was a bear bar closing near its low. In our previous report, we said traders would see if the bears could create more follow-through selling below the January low, or if the candlestick closes with a long tail below or a bull body instead. The bears continue to get follow-through selling below the January low. The bears want...

Tech_Trader88

Tuesday's candlestick (May 6) was a bear bar closing in its lower half with small tails. In our previous report, we said traders would see if the bears can create more follow-through selling below the January low, or if the market would form a small retest of yesterday's low (but possibly a higher low), but stall and trade higher instead. Bulls attempted to...

Tech_Trader88

Monday's candlestick (May 5) was a bull doji closing near its high with a long tail below. It has the shape of a bull reversal bar, but the candlestick has a small bull body. In our previous report, we said traders would see if the bears could create more follow-through selling breaking below the April 22 low. If there is a breakout, traders will see if there...