Tech_Trader88

Tech_Trader88 21 hours ago

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 Jun 4

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 Jun 3

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 Jun 2

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 May 29

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 May 28

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 May 27

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 May 26

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 May 25

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 May 22

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 May 21

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 May 20

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 May 19

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 May 18

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 May 15

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 May 14

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 May 13

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 May 12

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...