Emini and Forex Trading Update:Friday August 2, 2019 I will update again at the end of the day. Pre-Open market analysis After Wednesday’s big bear trend day, yesterday rallied strongly and it erased most of the selloff. However, it then sold of sharply after a Leg 1 = Leg 2 measured move up to Wednesday’s […]
Emini profit taking after first interest rate cut in 11 years
Emini and Forex Trading Update:Thursday August 1, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini crashed on the 5 minute chart yesterday after the FOMC announcement, but reversed up and undid much of the selling. It has been oscillating around 3,000 for a month, and yesterday’s bounce […]
Emini consecutive wedge tops ahead of today’s July FOMC announcement
Emini and Forex Trading Update:Wednesday July 31, 2019 I will update again at the end of the day. Pre-Open market analysis After a gap down yesterday, the Emini rallied to Monday’s low and entered a trading range. A late rally failed and the day ended back in the earlier trading range. The Emini is in […]
Emini wedge top ahead of July FOMC announcement tomorrow
Emini and Forex Trading Update:Tuesday July 30, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open but reversed up weakly from the 60 minute EMA. It then formed a trading range day. It was a triangle on the 5 minute chart and that is […]
Emini continued buy climax ahead of Wednesday’s July FOMC
Emini and Forex Trading Update:Monday July 29, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini made a new all-time high again on Friday. However, there is a potential small wedge rally on the daily chart that began with the July 18 low. It is nested within a […]
Emini bull micro channel and expanding triangle before FOMC
Market Overview: Weekend Market Update The Emini has an 8 week bull micro channel on the weekly chart ahead of Wednesday’s FOMC meeting. This is a buy climax and makes a pullback likely within a couple weeks. Crude oil is at the apex of a 9 month triangle. It might have to fall below last […]
Emini double top and parabolic wedge buy climax above 3000
Emini and Forex Trading Update:Friday July 26, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini repeated its pattern from last week of strongly reversing trend days. Yesterday totally reversed Wednesday’s rally. Yesterday now is a double top with last week’s high. Nothing has changed. The month-long wedge […]
Emini pullback soon from wedge top or final bull flag
Emini and Forex Trading Update:Thursday July 25, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday rallied to another all-time high. It closed on its high after a strong rally and therefore there is an increased chance of a gap up today. But since yesterday was a buy climax, […]
Emini weak buy signal at 3000 ahead of July FOMC
Emini and Forex Trading Update:Wednesday July 24, 2019 I will update again at the end of the day. Pre-Open market analysis Monday was a bull inside day on the daily chart and a buy signal bar. Yesterday gapped up and triggered the buy. But last week’s 2 big bear bars and the month-long wedge buy […]
Emini inside day and week minor sell signals around 3000
Emini and Forex Trading Update:Tuesday July 23, 2019 I will update again at the end of the day. Pre-Open market analysis There are still sell signals on the daily and weekly charts. Yesterday did not trigger either. Yesterday was an inside day and the week so far is an inside week. However, last week’s 2 […]
