Emini and Forex Trading Update:Thursday August 27, 2020 I will update again at the end of the day. Pre-Open market analysis The rally over the past 2 days on the 5 minute chart was one of the strongest consecutive days of the year. That reduces the chance of a big selloff. It also reduces the […]
Emini follow-through buying after gap above 3 year trading range
Emini and Forex Trading Update:Wednesday August 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up Monday on the weekly chart and rallied. Yesterday was in a trading range for the 1st 3 hours and then in a Small Pullback Bull Trend. It was follow-through buying […]
Will Emini late August gaps up close?
Emini and Forex Trading Update:Tuesday August 18, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up on the daily and weekly charts. The bulls want a successful breakout above the 3 year trading range and at least a couple legs up. Today might gap up again, extending […]
Emini weekly gap up to new all-time high
Emini and Forex Trading Update:Monday August 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a tight trading range for 3 weeks. It is tilted slightly up. Traders are wondering if the Emini will break far above the February high. Four of the past […]
Emini futures might gap up to new high on weekly chart, but daily chart bull streak is buy climax
Market Overview: Weekend Market Analysis The S&P500 Emini futures market might gap to a new all-time high on the weekly chart next week. But the streak of 9 consecutive bull bars on the daily chart that ended 2 weeks ago should lead to a pullback to 3200 starting within a couple weeks. Bond futures are […]
Emini weak High 1 bull flag after 9 day bull streak
Emini and Forex Trading Update:Friday August 21, 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 June. Yesterday was another brief pullback. It is a buy signal bar for today. However, the dominant feature on the daily chart is […]
Emini should reverse entire 9 consecutive bull bar buy climax
Emini and Forex Trading Update:Thursday August 20, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday made a new high, but it was mostly sideways until the FOMC minutes. It then sold off sharply to just above Tuesday’s low. The bears were not strong enough to break below Tuesday’s […]
S&P 500 cash index closed at new high
Emini and Forex Trading Update:Wednesday August 18, 2020 I will update again at the end of the day. Pre-Open market analysis The S&P 500 cash index has poked above the all-time highest close several times over the past week. Because it was hanging just below that resistance instead of reversing down, I have been saying […]
Emini pullback soon to 3000 after 9 day buy climax
Emini and Forex Trading Update:Monday August 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday traded below Thursday’s low and found buyers. Friday is a High 1 buy signal bar for today. However, it is a doji bar in a 3 bar tight trading range, […]
Emini 10% September correction from double top
Market Overview: Weekend Market Update The Emini had a streak of 9 consecutive bull bars that ended this week. Traders should expect a 10% correction to begin by the end of the month. Bond futures are correcting down from a Spike and Channel Bull Trend on the daily chart. The selloff should test the June […]
