Emini and Forex Trading Update:Monday December 2, 2019 I will update again at the end of the day. Pre-Open market analysis Friday closed early, but it closed below the open and the midpoint of the range. It was a bear bar on the daily chart and a reversal down from the top of the 2 […]
Emini buy climax testing tops of several bull channels at yearend
Market Overview: Weekend Market Update The S&P Emini is breaking above the top of the weekly bull channel and it is near the top of the monthly bull channel. Since the daily and weekly charts are overbought, there will probably be a brief pullback within a couple weeks. The monthly bond chart is forming a […]
Emini buy climax and maybe late November profit taking
Emini and Forex Trading Update:Wednesday November 27, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday had a weak rally for the 1st half of the day and then a reversal down. The selloff was a test of the open and the bulls bought it. That trend resumption up […]
Emini November rally might lead to December trading range
Emini and Forex Trading Update:Tuesday November 26, 2019 I will update again at the end of the day. Pre-Open market analysis After a big gap up and strong bull trend on the open yesterday, the Emini entered a trading range. It broke above last week’s high and to a new all-time high. But last week […]
Emini minor pullback from November buy climax
Emini and Forex Trading Update:Monday November 25, 2019 I will update again at the end of the day. Pre-Open market analysis Friday triggered a High 1 bull flag buy signal on the daily chart. But Thursday was a bear bar and the 3rd consecutive bear bar. This was a low probability buy setup and there […]
Emini daily chart broke below 6 week bull trend channel
Market Overview: Weekend Market Update The S&P Emini finally broke below the 6 week bull channel on the daily chart. Traders should expect 2 weeks of sideways to down trading. The 30 year bond futures is in a buy climax on the monthly chart. It will probably enter a trading range for many months. The […]
Emini bear doji bar likely on weekly chart this week
Emini and Forex Trading Update:Friday November 22, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off early yesterday and reversed up. It is a High 1 bull flag buy signal bar for today. But the past 2 days had bear bodies. This is a weak buy […]
Emini broke below October-November bull trend line
Emini and Forex Trading Update:Thursday November 21, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had a strong bear breakout midday yesterday. It triggered the parabolic wedge top sell signal on the daily chart by falling below Tuesday’s low. It also broke below the bull trend line […]
Emini minor pullback in November buy climax
Emini and Forex Trading Update:Wednesday November 20, 2019 I will update again at the end of the day. Pre-Open market analysis After 7 consecutive bull bars on the daily chart, the Emini finally had a bear bar yesterday. However, a strong bull trend does not typically immediately reverse into a bear trend. Most traders want […]
Emini November parabolic wedge buy climax but no top yet
Emini and Forex Trading Update:Monday November 19, 2018 I will update again at the end of the day. Pre-Open market analysis Yesterday went above last week’s high and therefore made another all-time high. Furthermore, it was the 7th consecutive bull trend bar on the daily chart. That is unusual and therefore climactic. Also, the past […]
