Trading Update: Monday June 14, 2021 Emini pre-open market analysis Emini daily chart Thursday closed above the May 7 high, which is the Breakout Point at the top of a 2-month trading range. Friday had a small bull body, so consecutive bull bars with closes above that high. That increases chance for a 200-point measured […]
Emini consecutive closes above May 7 breakout point
Market Overview: Weekend Market Analysis The SP500 Emini futures market had consecutive closes above the May 7 breakout point this week on the daily chart. Emini consecutive closes increase the chance of a successful breakout. The bulls will need bigger bull bars, and more bull bars if the breakout is to reach a 200-point measured […]
Emini weak breakout above April/May trading range
Trading Update: Friday June 11, 2021 Emini pre-open market analysis Emini daily chart Yesterday was rollover day for the Emini, so traders should trade the September contract today. Yesterday reversed up from below the open of the week, and the open of the month. It closed near its open and in the middle of the […]
Emini new high in June but no clear breakout
Trading Update: Wednesday June 9, 2021 Emini pre-open market analysis Emini daily chart Emini new high in 10-day tight trading range at top of 9-week trading range, so Breakout Mode. Strong trend since May 19 low, and strong trend since March 2020 low, so odds slightly favor bull breakout. There is a measured move target […]
Emini wedge rally test of May high
Trading Update: Monday June 7, 2021 Emini pre-open market analysis Emini daily chart Friday triggered High 1 buy signal and closed on its high. Since Friday closed just below all-time high, in wedge rally test, it might gap up to new all-time high today. Friday could not break to all-time high, so possible double top […]
Emini at top of 2-month trading range in Small Pullback Bull Trend
Market Overview: Weekend Market Analysis The SP500 Emini futures market is at the top of a 2-month trading range. A bull breakout is slightly more likely. The bears want a reversal down from a double top. The EURUSD Forex is near the top of an 11-month trading range nested within a 7-year trading range. The […]
Emini triggered sell signal for May 7 and June 1 double top
Trading Update: Friday June 4, 2021 Emini pre-open market analysis Emini daily chart Yesterday broke below Tuesday’s low, giving an Emini triggered sell signal for the May 7/June 1 double top. Since yesterday had a bull body, it was a weak entry bar. The bears need bear bars today and next week if the reversal […]
Emini outside down sell signal bar and double top with May 7 high
Emini and Forex Trading Update:Wednesday June 2, 2021 Pre-Open market analysis of daily chart Yesterday was outside down day. It is therefore an outside down sell signal bar for a double top with the May 7 all-time high. Because it closed below Friday’s low, there is an increased chance of a bear trend day today. […]
Emini weak sell signal bar for June parabolic wedge top on monthly chart
Emini and Forex Trading Update:Tuesday June 1, 2021 Pre-Open market analysis of daily chart Emini in strong 16-month bull trend on monthly chart. Even if there is a reversal, it will probably lead to 1- to 2-month trading range, and not bear trend. Today is the 1st day of June. The bulls want a gap […]
Emini pullback from May double bottom rally more likely than double top
Emini and Forex Trading Update:Monday May 24, 2021 Pre-Open market analysis of daily chart Double bottom rally and double top since May 12, so Breakout Mode. 6-week trading range so Breakout Mode. Bulls have slight advantage because yearlong bull trend, and reversal up after a reversal down 2 weeks ago. A 2nd reversal is higher […]
