Emini and Forex Trading Update:Thursday May 30, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down and sold off yesterday, but reversed up midday from the 200 day MA. The bulls hope that the break below 2800 and the bottom of the 3 month trading range […]
Emini breaking below March-May head and shoulders top
Emini and Forex Trading Update:Wednesday May 29,2019 I will update again at the end of the day. Pre-Open market analysis Yesterday began a break below the neck line of a 3 month head and shoulders top. If today is a big bear trend day, the odds will favor a closure of the gap above the […]
Emini testing neck line of head and shoulders top
Emini and Forex Trading Update:Tuesday May 28, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off on Thursday and had a bear follow-through bar on Friday. The bears hope that the selloff will break below the May 13 low, which is the neck line of a […]
Emini head and shoulders top target is 2650
Market Overview: Weekend Market Update The Emini has been sideways for 4 weeks. It might have begun its 2nd leg down from its 4 month buy climax. There is a 40% chance of a head and shoulders top measured move down to 2650. Crude oil had a surprisingly big bear breakout this week. The odds […]
Emini breakout below May triangle after big double top
Emini and Forex Trading Update:Friday May 24, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off in a bear channel yesterday. It broke below the 2 week triangle on the daily and 60 minute charts. If the bears get follow-through selling over the next few days, […]
Emini small triangle and head and shoulder bottom
Emini and Forex Trading Update:Thursday May 23, 2019 I will update again at the end of the day. Pre-Open market analysis The daily chart is at the apex of a 2 week triangle. That is a neutral pattern. Yet, there have been 7 consecutive bull bars on the daily chart. This is unusual when a […]
Emini buying pressure in 3 week correction
Emini and Forex Trading Update:Wednesday May 22, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a sixth consecutive bull trend bar yesterday on the daily chart. That is unusual because it has been in a trading range for 2 weeks. Normally, there would be a bear […]
Emini deciding between all time high and February 11 gap
Emini and Forex Trading Update:Tuesday May 21, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down, but reversed up in a weak rally on the open. It spent most of the day going sideways to down in a weak bear channel. However, it rallied into the closed. […]
Emini minor rally before possible test of February 8 gap
Emini and Forex Trading Update:Monday May 20, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had an early rally again Friday, and then sold off, like it did on Thursday. However, 7 of the past 8 days had bull bodies on the daily chart. That is a […]
Emini likely lower high minor reversal down to February gap
Market Overview: Weekend Market Update The Emini is trying to resume its strong bull trend, but a lower high is more likely. A reasonable target for the bottom of this correction is the February 11 high, which is the bottom of a gap up. Crude oil has gone mostly sideways for 2 weeks after a […]
