Emini and Forex Trading Update:Thursday June 18, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an inside day after a strong 2 day rally. It is therefore both a buy and sell signal bar for today. Since it had a bear body, it is a weak buy […]
Emini back in last week’s big gap down
Emini and Forex Trading Update:Wednesday June 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini opened with a big gap up yesterday, triggering the High 1 buy signal on the daily chart. That gap up formed a 3 day island bottom. However, the Emini collapsed to below […]
Emini could rally from island bottom to February 24 gap
Emini and Forex Trading Update:Tuesday June 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up strongly from below last week’s low. For the bulls, yesterday is a buy signal bar on the daily chart. They see the 5 day selloff as a High 1 […]
Emini consecutive bear days after June island top
Emini and Forex Trading Update:Monday June 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down last week and formed a 4 day island top on the daily chart. There was a big bear day on Thursday and another bear day on Friday. Friday was the […]
Emini crash yesterday but at 200 day moving average
Emini and Forex Trading Update:Friday June 12, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini crashed yesterday on the 5 minute chart. The selloff on the daily chart began in the sell zone around the March 3 high. Because the range was big, traders expect at least […]
Emini stalled for 3 days at the 2019 close
Emini and Forex Trading Update:Thursday June 11, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a Small Pullback Bull Trend since the March low. Every pullback ended within 3 days. Yesterday was the 2nd day of a pullback from testing the close of 2019. […]
Emini strong rally ahead of June FOMC announcement
Emini and Forex Trading Update:Wednesday June 10, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open but reversed up from below Monday’s low. It again tested the close of 2019, but closed near the open. Yesterday was a bull doji candlestick on the daily […]
Emini testing at December 2019 close ahead of FOMC
Emini and Forex Trading Update:Tuesday June 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the close of last year. It is now up for the year. There is also a gap on the daily and weekly charts around 3250. That is another gap above. […]
Emini might test close of 2019 this week
Emini and Forex Trading Update:Monday June 8, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly all last week. While the rally is a buy climax, there is no top yet. Traders expect at least slightly higher prices. The next target is the 3219.75 close of […]
Emini buy climax breaking above March 3 sell climax high
Emini and Forex Trading Update:Friday June 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini briefly broke above the March 3 high again yesterday and it sold off again. But it closed back near the open and formed a doji candlestick. It is a High 1 bull […]
