Market Overview: Weekend Market Update The Emini triggered an «oo top» sell signal this week when Thursday traded below consecutive outside bars on the daily chart. It will probably trade down for 2 – 3 weeks, even if there is one more minor new high first. Crude oil began a correction from a 4 month […]
Emini oo sell signal after consecutive outside bars
Emini and Forex Trading Update:Friday May 3, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off sharply early yesterday, but reversed up from a parabolic wedge sell climax at the 20 day EMA. On the daily chart, it closed with a small bear body. It is […]
Emini exact test of all-time high after FOMC announcement
Emini and Forex Trading Update:Thursday May 2, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini rallied yesterday up to the all-time high before and again after the FOMC report. It exactly hit 2956.00 twice and turned down both times. Yesterday was an outside down day after Tuesday’s […]
Emini High 1 bull flag at all-time high on FOMC day
Emini and Forex Trading Update:Wednesday May 1, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down on Monday and up yesterday. It closed just below Monday’s high and was almost an outside up day. Yesterday is therefore a buy signal bar for today. With it just […]
Emini testing all-time high ahead of May FOMC report
Emini and Forex Trading Update:Tuesday April 30, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday continued Friday’s weak rally until late. It then reversed down to close near the open and low. Yesterday became a bear trend reversal day on the daily chart. Consequently, it is […]
Emini small pullback bull trend near 2956 all-time high
Emini and Forex Trading Update:Monday April 29, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini rallied in a Small Pullback Bull Trend on Friday. This is within a month-long Small Pullback Bull Trend on the daily chart. While there might be profit-taking around the September all-time high, […]
Emini testing all time high ahead of May FOMC announcement
Market Overview: Weekend Market Update The Emini rally has been very strong. Traders expect a new all-time high this week. Even if there is profit-taking, the 1st reversal down will probably only be minor. Crude oil finally reached its highest reasonable target this week. I have been writing every week for 4 months that higher […]
Emini pullback from test of 2956 all-time high
Emini and Forex Trading Update:Thursday April 25, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a trading range day yesterday after Tuesday’s big bull breakout. Because it is a pause after a breakout, it is a High 1 bull flag buy signal bar for today. But […]
Emini bull surprise bar just below all-time high
Emini and Forex Trading Update:Wednesday April 24, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was an extremely strong bull trend after a 6 day pause in the bull trend. Its high was about 16 points below the all-time high. The bears had a credible minor top last […]
Emini nested wedge top on 60 minute chart at 2900
Emini and Forex Trading Update:Tuesday April 23, 2019 I will update again at the end of the day. Pre-Open market analysis Tuesday gapped down on the 5 minute chart and reversed up to the 60 minute EMA. It then entered a trading range. By going above Thursday’s high, the Emini triggered a buy signal on […]
