Emini and Forex Trading Update:Tuesday November 10, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke far above the all-time high yesterday. This created a gap up on the daily and weekly charts. However, while the day was up about 1.4%, it was a big bear bar […]
Emini breakout to new high on news that Pfizer vaccine is 90% effective
Emini and Forex Trading Update:Monday November 9, 2020 I will update again at the end of the day. Pre-Open market analysis A couple hours before the open today, an announcement on Pfizer vaccine being 90% effective was made. The Emini raced up 4% to a new high. Will the rally reach 3884.00, the measured move […]
Emini should break above September/October bear trend line
Emini and Forex Trading Update:Friday November 6, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was the 5th day in the rally from the double bottom on the daily chart. It stalled at the bear trend line from the September and October highs. If it turns down from […]
Emini profit taking likely after huge November bull trend reversal
Emini and Forex Trading Update:Thursday November 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini had another big rally again yesterday. But, like each of the prior 4 days, it closed in the middle of the day’s range. Many bulls are exhausted and have huge profits, and […]
Emini has potential for big move up or down from election and tomorrow’s FOMC
Emini and Forex Trading Update:Wednesday November 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday, creating a 4-day island bottom. But the day closed in its middle, like the 3 prior days. This makes the reversal up a little less bullish. However, a reversal […]
Emini parabolic wedge sell climax and double bottom with September low
Emini and Forex Trading Update:Tuesday November 3, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways for 4 days after a parabolic wedge sell climax down to support. Today will probably gap above yesterday’s high. This will create an island bottom with the gap down […]
Emini monthly chart has October ioi Breakout Mode pattern
Emini and Forex Trading Update:Monday November 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up on Friday from just above the September low. It is therefore a buy signal bar for a double bottom. But because it had a bear body, it is a weak […]
Emini minor buy signal at end of October
Emini and Forex Trading Update:Friday October 30, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up yesterday from below Wednesday’s low to above its high. Yesterday was therefore an outside up day near the bottom of its 3-month range. It is a minor buy signal bar […]
Emini collapsing into the end of October
Emini and Forex Trading Update:Thursday October 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed another big bear bar yesterday. It closed the gap above the September 25 high. The next target below is the September low, which is the bottom of the 3 month trading […]
Emini follow-through selling after Monday’s bear breakout
Emini and Forex Trading Update:Wednesday October 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini on Monday broke far below the small wedge bull flag on the daily chart. It fell below the open of the month and the February high. But it reversed up and closed […]
