Market Overview: Weekend Market Update The Emini had a 1st leg down from a parabolic wedge buy climax on the daily chart. It might have one more leg sideways to down. But the monthly oo buy signal still makes it likely to go sideways to up for at least a couple more months. Crude oil […]
Emini buy signal bar after pullback below 3000
Emini and Forex Trading Update:Friday July 19, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong reversal up after Wednesday’s big bear day. I said yesterday before the open that the bears would not get immediate follow-through selling because of the strong bull trends on the […]
Emini breaking below bull trend line and parabolic wedge climax
Emini and Forex Trading Update:Thursday July 18, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a spike and channel bear trend day on the 5 minute chart. Also, it was a surprisingly big bear day on the daily chart. A Bear Surprise Day typically has at least […]
Emini parabolic wedge sell signal triggered Tuesday
Emini and Forex Trading Update:Wednesday July 17, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday. Traders are deciding if this is the start of a 2 – 3 week pullback. Because the daily chart has a parabolic wedge top, the odds favor a couple […]
Emini parabolic wedge buy climax above 3000 Big Round Number
Emini and Forex Trading Update:Tuesday July 16, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the 1st bar after gapping up to a new all-time high. But, the bear channel on the 5 minute chart was not strong. In the middle of the day, the […]
Emini parabolic wedge buy climax but no top yet
Emini and Forex Trading Update:Monday July 15, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini has rallied for 6 weeks and it is at a new all-time high. Since the bull trend has 4 legs up and the channel is tight, the rally is a parabolic wedge […]
Emini weak breakout above 19 month trading range
Market Overview: Weekend Market Update The Emini triggered an oo buy signal on the monthly chart when July traded above the June high. That makes sideways to up likely for a few months. The crude oil futures chart has rallied for 6 weeks in a yearlong trading range. It is now in the sell zone, […]
Emini doji bars so weak breakout above 3000
Emini and Forex Trading Update:Friday July 12, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had another trading range day yesterday. The bulls bought the early selloff, but were unable to rally strongly. The bears got a reversal down. Yet, the bulls bought the new low and […]
Emini parabolic wedge above 3000 but weak sell signal bar
Emini and Forex Trading Update:Thursday July 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up and rallied to a new high yesterday. It then sold off to a new low, but the gap stayed open. It reversed up and entered a trading range. By closing […]
Emini bull flag at 3000 but parabolic wedge top
Emini and Forex Trading Update:Wednesday July 10, 2019 I will update again at the end of the day. Pre-Open market analysis On the daily chart, the bears have a parabolic wedge top at the 3,000 Big Round Number. However, they do not have a good sell signal bar or a micro double top. The 3 […]
