Emini and Forex Trading Update:Monday December 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered an OO sell signal when Thursday traded below Wednesday’s low. But both Thursday and Friday were bull days. That increases the chance that the sell signal will fail. Friday is a […]
Emini forming possible wedge top at end of year
Market Overview: Weekend Market Analysis The SP500 Emini futures might be forming a wedge top on the daily and weekly charts at yearend. But there might be one more new high before there is a reversal down. Bond futures have been in a tight trading range for 7 weeks, and they are at the apex […]
Emini weak High 1 bull flag after triggering OO sell signal yesterday
Emini and Forex Trading Update:Friday December 11, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Wednesday’s low, which triggered an OO sell signal on the daily chart. But yesterday reversed up and closed with a small bull body. It is a weak High 1 bull flag […]
Emini has consecutive outside bars at the all-time high at the end of the year
Emini and Forex Trading Update:Thursday December 10, 2020 I will update again at the end of the day. Pre-Open market analysis Tuesday traded below Monday’s low and then above its high. It was therefore an outside day. Yesterday reversed down from above Tuesday’s high and traded below Tuesday’s low. It was therefore an outside down […]
Emini has no top yet in micro wedge and Small Pullback Bull Trend
Emini and Forex Trading Update:Wednesday December 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up day yesterday and made another new all-time high. However, there have been consecutive strong bull bars only once since October 12, and that reduces the chance of a […]
Emini nested wedge top but yearend small pullback bull trend
Emini and Forex Trading Update:Tuesday December 8, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside bar yesterday. It is a sell signal bar for a nested wedge top on the daily chart. But yesterday was only a bear doji, and the prior 5 days […]
Emini micro wedge rally with December pullback likely
Emini and Forex Trading Update:Monday December 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini weekly and monthly charts are in bull trends, and the bulls want the year to close near its high. Additionally, there are 5 consecutive bull bars on the daily chart, and last […]
Emini nested wedge rally should reverse down in December
Market Overview: Weekend Market Analysis The SP500 Emini futures have rallied for a month, but there are problems with the rally on the daily, weekly, and monthly charts. There is a nested wedge rally at a measured move target on the daily chart. Traders should expect a pullback to below 3400 to begin in December. […]
Emini forming micro wedge top in early December rally to new all-time high
Emini and Forex Trading Update:Friday December 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday made another new all-time high, but closed below the old high. However, it closed 1 tick above yesterday’s close, and therefore made a new all-time highest close. This is a subtle […]
Emini closed the monthly gap but formed a daily High 1 buy signal
Emini and Forex Trading Update:Thursday December 3, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday pulled back and closed the gap on the monthly chart, but not the gap on the daily chart. Yesterday closed on its high, and it is a High 1 buy signal bar for […]
