Emini and Forex Trading Update:Monday April 19, 2021 Pre-Open market analysis of daily chart Friday was a 2nd bear bar in 3 days after the streak of 13 consecutive bull bars ended on Wednesday. Emini now at start of 5th week of strongest rally in a year. This is a sign that bulls are starting […]
Emini streak of 13 consecutive bull days makes pullback likely soon
Market Overview: Weekend Market Analysis The SP500 Emini futures ended its streak of 13 consecutive bull days this week. That streak makes a 5 to 10% pullback likely to occur within the next month. The EURUSD Forex market has been in a trading range for 9 months, with no sign that it is about to […]
Emini streak ended but buy climax continues
Emini and Forex Trading Update:Friday April 16, 2021 Pre-Open market analysis of daily chart Emini streak ended Wednesday, a bear day, ending streak of 13 consecutive bull days. Longest streak in 10 years, so unsustainable and an extreme buy climax. Climaxes can continue much longer than what might seem reasonable. No top yet. Since buy […]
Emini 13th consecutive bull day is most in 10 years
Emini and Forex Trading Update:Wednesday April 14, 2021 Pre-Open market analysis of daily chart The Emini has now had its 13th consecutive bull day streak (13 bull trend days). The last time it had a streak of this duration was in February of 2011. That streak lasted 15 days. The 2011 streak reversed down 9% […]
Emini now has 11 consecutive bull bars and 11-bar bull micro channel
Emini and Forex Trading Update:Monday April 12, 2021 Pre-Open market analysis of daily chart Strong bull trend, but getting too strong. Last week closed on its high so might gap up this week (today). 11 consecutive bull bars is rare and therefore climactic. 11-bar bull micro channel is rare and therefore climactic. 3-week parabolic wedge […]
Emini in parabolic wedge buy climax and 11-day bull micro channel
Market Overview: Weekend Market Analysis The SP500 Emini futures contract is in a parabolic wedge buy climax. There is also a streak of 11 bull days and an 11-day bull micro channel. This should attract profit taking within a couple weeks. The EURUSD Forex weekly chart is turning up from a wedge bull flag. However, […]
Emini 10-day bull micro channel and streak of 10 consecutive bull bars
Emini and Forex Trading Update:Friday April 9, 2021 Pre-Open market analysis of daily chart Yesterday was the 10th consecutive bull bar on the daily chart, which is unusual and therefore climactic. Its low was above Wednesday’s low, so now 10-day bull micro channel. This is also unusual and climactic. Yesterday was the 3rd leg up […]
Emini 9-day bull micro channel means aggressive buying but buy climax
Emini and Forex Trading Update:Thursday April 8, 2021 Pre-Open market analysis of daily chart Yesterday was the 9th consecutive bull bar on the daily chart. A streak that only happens about once a year. It is therefore unsustainable and climactic. Should get bear day this week. 8 days with low above low of prior day […]
Emini 8 bull bars streak will probably end today
Emini and Forex Trading Update:Wednesday April 7, 2021 Pre-Open market analysis of daily chart Emini 8 bull bars streak is unusual and therefore unsustainable and climactic. Since yesterday closed in lower third, today or tomorrow will probably be a bear bar. Also, today will probably trade below yesterday’s low. Open of the day will be […]
Emini gap up on weekly chart after breakout above 4,000
Emini and Forex Trading Update:Tuesday April 6, 2021 Pre-Open market analysis of daily chart Yesterday gapped to a new all-time high on the daily and weekly charts. Big bull bar that closed on its high in strong bull trend so higher prices likely. 7 consecutive bull bars on daily chart is unusual so climactic. Strong […]
