Tech_Trader88

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...

Tech_Trader88

Friday's candlestick (May 2) was an outside bear bar closing in its lower half with a long tail below. In our previous report, we said traders would see if the bears could create a retest and breakout attempt below the April 22 low and if there is a breakout, traders would see if there are strong follow-through selling. Or would the market form a pullback...

Tech_Trader88

Wednesday's candlestick (Apr 30) was a bear bar closing around the middle of its range with a long tail below. In our previous report, we said traders would see if the bears could create a retest and breakout attempt below the April 22 low or if Wednesday's candlestick would close with a long tail below instead (if this is the case, it will indicate some...

Tech_Trader88

Yesterday's candlestick (Apr 29) was a bear bar closing in its lower half with a small tail below. In our previous report, we said traders will see if the bears can create a follow-through bear bar. If they do, it could lead to a retest and breakout attempt below the April 22 low. The bears got a follow-through bear bar on Tuesday. They want a retest of the...

Tech_Trader88

Yesterday's candlestick (Apr 28) was a bear bar closing in its lower half with a prominent tail below. In our previous report, we said traders would see if the bears can create a strong bear entry bar closing near its low, or if the market would trade slightly lower, but lack strong follow-through selling, closing the candlestick with a long tail below or a...

Tech_Trader88

Friday's candlestick (Apr 25) was a bull doji closing in its lower half with a long tail above. In our previous report, we said traders would see if the bulls could create another follow-through bull bar testing near the 20-day EMA, or if the market would trade slightly higher but stall around the 4050-4080 area or the 20-day EMA area and reverse lower,...

Tech_Trader88

Yesterday's candlestick (Apr 24) was an inside bull doji. In our previous report, we said traders would see if the bulls could create another follow-through bull bar testing near the 20-day EMA, or if the market would trade slightly higher but stall around the 4050-4080 area or the 20-day EMA and reverse lower, forming a retest of the April 22 low instead. ...

Tech_Trader88

Yesterday's candlestick (Apr 23) was a big bull car closing in its upper half with a prominent tail below. In our previous report, we said traders would see if the bulls can create a strong follow-through bull bar (it could start a 2-legged sideways to up pullback phase) or if the market would lack follow-through buying instead. The market formed a strong...

Tech_Trader88

Yesterday's candlestick was a bull reversal closing near its high with a long tail below. In our previous report, we said traders would to see if the bears can create a strong retest of the 3850-3800 area and close (yesterday) as a strong bear bar near its low, or if the candlestick would close with a long tail below and above the middle of its range...

Tech_Trader88

Yesterday's candlestick closed as a bear bar near its low. In our previous report, we said the odds slightly favor the market to trade at least a little lower. Traders would to see if the bears could create a follow-through bear bar to confirm the breakout below the 4000 level. If they do, we may see a retest of the January low around the 3850-3800 area. ...

Tech_Trader88

Yesterday's candlestick closed as a bear bar near its low with a prominent tail above. In our previous report, we said the market formed a tight trading range in the last 3-4 days (small yellow box). The market is in breakout mode. Traders will wait for a breakout from either direction and trade in the direction of the breakout. The market formed a breakout...

Tech_Trader88

Yesterday's candlestick closed as a bear bar near its low with a long tail below. In our previous report, we said the bulls need to create consecutive bull bars closing near their highs to increase the odds of a minor pullback towards the 20-day EMA or April 10 high area. The market traded above the prior day's high (16 April) but the follow-through buying...

Tech_Trader88

Yesterday's candlestick closed as a bear bar in its lower half with a small tail below. We said that the recent selling has been climactic and slightly oversold. Perhaps we may see a minor pullback towards the 20-day EMA or April 10 high area? The market attempted to reverse higher but sold off in the last 30 minutes. Currently, the candlestick is a small...

Tech_Trader88

Yesterday's candlestick closed as a bear bar in its lower half with a prominent tail below. Currently, the market is a small bull inside bar trading near its high. The bulls want a reversal from a wedge pattern (Mar 25, Apr 9, and Apr 15) and a small double bottom (Apr 9 and Apr 15) They see yesterday's move simply as a retest of the April 9 low and want a...

Tech_Trader88

Yesterday's candlestick opened lower but reversed to close as a big bull bar in its upper half with a prominent tail above. However, the market traded significantly lower after the market closed. The market will open lower than the March 13 low today. Again, the bulls hope buyers are below the gap down, similar to March 31st and yesterday April 2nd. They...