Emini and Forex Trading Update:Thursday October 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini will probably gap down today. That would form a 3-day island top on the daily chart. While most island tops and bottoms are minor, the context here is good for the start […]
Emini weak High 1 bull flag after pullback to 3500
Emini and Forex Trading Update:Wednesday October 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday sold off to below Monday’s low. That makes yesterday a pullback in the 4-day rally. It is now a High 1 bull flag buy signal bar for today. But because of […]
Emini has strong breakout above September trading range
Emini and Forex Trading Update:Tuesday October 13, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong bull trend day on the 5 minute chart. Furthermore, it was the 3rd consecutive close above the September trading range high. Traders expect a test of the all-time high. Bulls […]
Emini has consecutive closes above the September 16 top of the trading range
Emini and Forex Trading Update:Monday October 12, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the September trading range on Thursday and had a bull follow-through bar on Friday. The Emini is up in the Globex market and it will probably gap up on the […]
Emini confirmed breakout above September trading range
Market Overview: Weekend Market Analysis The SP500 Emini futures market broke above the September trading range this week. It might gap up on Monday. There is now a 60% chance that this rally will test the September 2 all-time high. The Bond futures weekly chart has been in a trading range for 7 months. There […]
Emini breaking above September 16 top of wedge bear channel
Emini and Forex Trading Update:Friday October 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the September 16 top of the wedge bear channel yesterday. It also closed above that high. If the bulls can get a 2nd consecutive bull bar today, there will be […]
Emini has ioi Breakout Mode setup at September 16 high
Emini and Forex Trading Update:Thursday October 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a big bull inside day after a big bear outside day on the daily chart. There is now an IOI (inside-outside-inside) pattern, which is a Breakout Mode setup. Yesterday is now both […]
Emini wedge rally and double top at September 16 high
Emini and Forex Trading Update:Wednesday October 7, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying for a month that 3400 – 3500 was the sell zone and that many traders wanted to wait for a break above the September 16 high before selling. Yesterday briefly […]
Emini wedge rally to September 16 high
Emini and Forex Trading Update:Tuesday October 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above last week’s high and reached the 3400 Big Round Number. While traders expect the 2-week wedge rally to test the September 16 lower high this week, they also expect […]
Emini stuck at February high as it decides on direction
Emini and Forex Trading Update:Monday October 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been trading around the February high for 2 months. Traders are deciding between a new high and a test of 3000. I talked about the President’s Covid infection over the weekend. […]
