Emini and Forex Trading Update:Thursday August 27, 2020 I will update again at the end of the day. Pre-Open market analysis The rally over the past 2 days on the 5 minute chart was one of the strongest consecutive days of the year. That reduces the chance of a big selloff. It also reduces the […]
Emini follow-through buying after gap above 3 year trading range
Emini and Forex Trading Update:Wednesday August 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up Monday on the weekly chart and rallied. Yesterday was in a trading range for the 1st 3 hours and then in a Small Pullback Bull Trend. It was follow-through buying […]
Emini futures might gap up to new high on weekly chart, but daily chart bull streak is buy climax
Market Overview: Weekend Market Analysis The S&P500 Emini futures market might gap to a new all-time high on the weekly chart next week. But the streak of 9 consecutive bull bars on the daily chart that ended 2 weeks ago should lead to a pullback to 3200 starting within a couple weeks. Bond futures are […]
Weekly Forex update, January 24, 2015:
Sell climax and an exhaustion gap
Monthly Forex EURUSD candle chart: Strong bear breakout below head and shoulders bottom The monthly EURUSD Forex chart is in a strong breakout below a head and shoulders bottom. A failed bottom usually falls for at least two legs and it typically reaches a measured move projection. The monthly Forex EURUSD candle chart is breaking […]
