Tech_Trader88

Tech_Trader88

Tuesday’s candlestick (Sept 9) was a bear doji closing below the middle of its range. In our last report, we stated that traders would assess whether the bulls could create strong follow-through buying over the next few days, or if the market would trade slightly higher but stall, forming long tails above candlesticks or bear bodies. The market traded higher...

Tech_Trader88

Monday’s candlestick (Sept 9) was a bull bar closing near its high with a long tail below. In our last report, we stated that traders would observe whether the bears could form a strong retest of the August 29 low, or if the 20-day EMA would continue to act as support, and the market would close above the 20-day EMA instead. The market traded lower early in...

Tech_Trader88

Thursday’s candlestick (Sept 4) was a bull doji closing below the middle of its range with prominent tails. In our last report, we stated that traders would see if the bears could form a strong retest of the August 29 low, or if the market would trade slightly lower but lack follow-through selling, closing with a long tail below or a bull body, and above the...

Tech_Trader88

Tuesday’s candlestick (Sept 3) was a bear doji closing below the middle of its range with prominent tails. In our last report, we stated that traders would observe whether the bulls could generate strong follow-through buying or if the market would trade slightly higher, but close with a long tail above or a bear body instead. The market traded higher but...

Tech_Trader88

Monday’s candlestick (Sept 2) was a bull bar closing near its high. In our last report, we stated that traders would assess whether the bears could create follow-through selling or if the market would reverse sharply, creating a bear trap. The market gapped up and closed higher above the 20-day EMA. The bears were unable to create follow-through selling. ...

Tech_Trader88

Friday’s candlestick (Aug 29) was a bear bar closing near its low. In our last report, we stated that traders would see if the bears could create strong follow-through selling, closing below the 20-day EMA, or if the market would find support at the 20-day EMA and close higher for the day instead. The bears got follow-through selling, closing below the...

Tech_Trader88

Thursday’s candlestick (Aug 28) was a bear bar closing in its lower half with a prominent tail below. In our last report, we stated that traders would observe whether the bulls could create a strong follow-through bull bar or if the market would trade lower, breaking below the August 21 low and testing the 20-day EMA instead. The bulls were not able to...

Tech_Trader88

Wednesday’s candlestick (Aug 27) was a bull bar closing slightly above the middle of its range with a prominent tail above. In our last report, we stated that traders would observe whether the bears could create a strong second leg sideways to down, breaking below the August 21 low and testing the 20-day EMA, or if the market would trade lower but stall...

Tech_Trader88

Tuesday’s candlestick (Aug 26) was a follow-through bear bar closing near its low. In our last report, we stated that traders would see if the bears could create a strong second leg sideways to down testing the August 21 low, or if the second leg sideways to down would lack strong follow-through selling, stalling around the August 21 low instead. The market...

Tech_Trader88

Monday’s candlestick (Aug 25) was a bear bar closing in its lower half with a small tail below. In our last report, we stated that traders would see if the bulls could create a follow-through bull bar and sustained follow-through buying testing the August 19 high, or if the bears would be able to get a lower high (vs Aug 19) and another sideways to down leg. ...

Tech_Trader88

Friday’s candlestick (Aug 22) was a bull bar closing in its upper half with a prominent tail above. In our last report, we stated that traders would see if the bulls could create a strong retest of the August 19 high, or if the bears would be able to get a lower high (vs Aug 19) and another sideways to down again. The market traded higher, and the bears were...

Tech_Trader88

Thursday’s candlestick (Aug 21) was an outside bear bar closing in its lower half with a long tail above. In our last report, we stated that traders would observe whether the bulls could create a strong retest of the August 19 high, or if the bears would be able to establish a lower high (compared to August 19) and a second leg sideways to down. The market...

Tech_Trader88

Wednesday’s candlestick (Aug 20) was a bear bar closing in its upper half with a long tail below. In our last report, we said traders would see if the bears could create strong follow-through selling, or if the pullback phase would be weak and mostly sideways (overlapping candlesticks, long tails below bars, bull bars). The market traded lower but reversed...

Tech_Trader88

Tuesday’s candlestick (Aug 19) was an outside bear bar closing in its lower half with a long tail above. In our last report, we traders would see if the bulls could create more follow-through buying or if the market would stall and form bear bars instead. The market traded higher, testing the February high, but reversed into an outside bear bar instead. The...

Tech_Trader88

Monday’s candlestick (Aug 18) was a bull doji following the gap up at the open. In our last report, we stated that traders would assess whether the bulls could generate follow-through buying or if the market would trade higher but lack sustained follow-through buying strength. The market opened higher, and the bears attempted to create a failed breakout;...

Tech_Trader88

Friday’s candlestick (Aug 15) was a bull bar closing near its high. In our last report, we said the bulls wanted a strong bull bar, which will close the weekly candlestick near its high. If this is the case, next week may trade at least a little higher. The market traded higher, and the weekly candlestick closed near its high. The bulls got a retest and a...

Tech_Trader88

Thursday’s candlestick (Aug 14) was a bear bar closing in its lower half with a prominent tail below. In our last report, we stated that traders would see if the bulls could create more follow-through buying or if the market would begin to stall and form a pullback instead. The market formed a pullback, which overlaps the prior candlestick. The bulls got a...

Tech_Trader88

Wednesday’s candlestick (Aug 13) was a bull bar closing slightly above the middle of its range with a long tail above. In our last report, we stated that traders would see if the bulls could create more follow-through buying, or if the bears would be able to generate some selling pressure instead. The market traded higher, and the bulls got some...