Emini and Forex Trading Update:Tuesday April 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up yesterday from below Friday’s low. It then reversed back down from the 50 day moving average to close near the low. That increases the chance of lower prices today. The […]
Emini April rally near resistance and pullback likely soon
Emini and Forex Trading Update:Monday April 20,2020 I will update again at the end of the day. Pre-Open market analysis The Emini has rallied strongly for several weeks. It is testing the March 10 lower high and the 50 day moving average. There is room to the 20 week EMA and that might be the […]
Emini April bull trend reversal is now testing 20 week EMA
Emini and Forex Trading Update:Friday April 17, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a High 1 buy signal on the daily chart by trading above Wednesday’s high. It closed near the high, which increased the chance of higher prices today. Today will probably gap up […]
Emini island bottom and top in April’s developing trading range
Emini and Forex Trading Update:Thursday April 16, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down and Tuesday therefore is a 1 day island top. The Emini will probably be in a trading range all year. Island tops and bottoms are common in trading ranges. They are […]
Emini April rally is wedge and in sell zone
Emini and Forex Trading Update:Wednesday April 15, 2020 I will update again at the end of the day. Pre-Open market analysis After an early selloff yesterday, the Emini reversed back up. The 4 week bull trend has been strong. Also, the 50 day simple moving average and the March 10 lower high are magnets above. […]
Emini testing above 50% pullback and 20% correction
Emini and Forex Trading Update:Tuesday April 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed a triangle on the 5 minute chart. That is a Breakout Mode pattern. There was a small bull breakout at the end of the day and it continued overnight. Yesterday […]
Emini bear rally retraced 50 percent of coronavirus crash
Emini and Forex Trading Update:Monday April 13, 2020 I will update again at the end of the day. Pre-Open market analysis A few weeks ago, I said that the parabolic wedge sell climax on the daily chart would lead to a strong reversal. I said the rally should reach 2706, which is 20% down from […]
Emini should test 50 percent pullback from bear trend
Emini and Forex Trading Update:Thursday April 9 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed a bull trend resumption day. It totally reversed Tuesday’s selloff. The next target is 2781, which the Emini reached right before the open. That is a 50% retracement of the 2 […]
Emini stalling at the 2706 20% selloff level
Emini and Forex Trading Update:Wednesday April 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped above my target of 2706.00 and immediately sold off. It closed the gap above Monday’s high and closed near the low. That 2706 level is 20% down from the high. As long […]
Emini 3 day island bottom and testing 20% pullback level
Emini and Forex Trading Update:Tuesday April 7, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and created a 3 day island bottom. I have been saying for 2 weeks that there would be a reversal up to above 2706.00. The Emini is above that level in […]
