Emini and Forex Trading Update:Tuesday October 27, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday tested the February high and the open of the month, and it reversed up in the middle of the day. The day closed just above the midpoint of the range, and therefore the […]
Emini weak breakout above October wedge bull flag
Emini and Forex Trading Update:Monday October 26, 2020 Pre-Open market analysis An Emini weak breakout triggered above a wedge bull flag buy signal on Friday, but Friday had a bear body. That is a weak entry for the bulls. But it had a big tail below. It is therefore also a weak sell signal bar […]
Emini wedge bull flag reversal up from test of September 16 high
Market Overview: Weekend Market Analysis The SP500 Emini futures reversed up this week on the daily chart from a wedge bull flag reversal and a test of the September 16 top of a month-long trading range. It could rally for a couple weeks, but traders think it will probably reverse down again before breaking much […]
Emini micro wedge and breakout test at September 16 high
Emini and Forex Trading Update:Friday October 23, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying that the Emini would probably trade below Monday’s low and reverse up. That would create a 6-day Emini micro wedge bull flag and a breakout test of the September 16 […]
Emini micro double bottom at September 16 high
Emini and Forex Trading Update:Thursday October 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways for 5 days. Traders are deciding if the selloff has gone far enough or it the cash index has to fall a little more to its February high before […]
Emini futures testing September 16 high but might get one more brief leg down
Emini and Forex Trading Update:Wednesday October 21, 2020 I will update again at the end of the day. Pre-Open market analysis Over the weekend, I wrote that the Emini futures probably had to fall below the September 16 high, which it did on Monday. This is because the Emini has been in a trading range […]
Emini testing September 16 high breakout point
Emini and Forex Trading Update:Tuesday October 20, 2020 I will update again at the end of the day. Pre-Open market analysis By trading below Friday’s low, the Emini triggered a sell signal on the daily chart. By trading below last week’s low, it triggered a double top sell signal on the weekly chart. But that […]
Emini minor sell signal for October micro double top
Emini and Forex Trading Update:Monday October 19, 2020 I will update again at the end of the day. Pre-Open market analysis Friday closed on its low and it is a sell signal bar for today, a micro double top. However, it had a small bear body and a big tail below. That is a weak […]
Emini resuming up after breakout test of September trading range high
Market Overview: Weekend Market Analysis The Emini has a micro double top sell signal on the daily chart. It might dip below the October 6 trading range high. Whether or not it reverses up to the September all-time high, the odds still favor a selloff from around that high. Bond futures have been sideways for […]
Emini breakout test of October 6 trading range high
Emini and Forex Trading Update:Friday October 16, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down and therefore created a 3-day island top. The bears were hoping that this was the start of a reversal down from a double top with the September high, and the start […]
