Emini and Forex Trading Update:Tuesday October 13, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong bull trend day on the 5 minute chart. Furthermore, it was the 3rd consecutive close above the September trading range high. Traders expect a test of the all-time high. Bulls […]
Emini has consecutive closes above the September 16 top of the trading range
Emini and Forex Trading Update:Monday October 12, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the September trading range on Thursday and had a bull follow-through bar on Friday. The Emini is up in the Globex market and it will probably gap up on the […]
Emini confirmed breakout above September trading range
Market Overview: Weekend Market Analysis The SP500 Emini futures market broke above the September trading range this week. It might gap up on Monday. There is now a 60% chance that this rally will test the September 2 all-time high. The Bond futures weekly chart has been in a trading range for 7 months. There […]
Emini breaking above September 16 top of wedge bear channel
Emini and Forex Trading Update:Friday October 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the September 16 top of the wedge bear channel yesterday. It also closed above that high. If the bulls can get a 2nd consecutive bull bar today, there will be […]
Emini has ioi Breakout Mode setup at September 16 high
Emini and Forex Trading Update:Thursday October 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a big bull inside day after a big bear outside day on the daily chart. There is now an IOI (inside-outside-inside) pattern, which is a Breakout Mode setup. Yesterday is now both […]
Emini wedge rally and double top at September 16 high
Emini and Forex Trading Update:Wednesday October 7, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying for a month that 3400 – 3500 was the sell zone and that many traders wanted to wait for a break above the September 16 high before selling. Yesterday briefly […]
Emini wedge rally to September 16 high
Emini and Forex Trading Update:Tuesday October 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above last week’s high and reached the 3400 Big Round Number. While traders expect the 2-week wedge rally to test the September 16 lower high this week, they also expect […]
Emini stuck at February high as it decides on direction
Emini and Forex Trading Update:Monday October 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been trading around the February high for 2 months. Traders are deciding between a new high and a test of 3000. I talked about the President’s Covid infection over the weekend. […]
Emini futures wedge rally and double top with September high
Market Overview: Weekend Market Analysis The SP500 Emini futures daily chart reversed up from a small wedge bottom 7 days ago. However, September was an outside down bar on the monthly chart. That increases the chance of sideways to down trading in October. Traders believe that the Emini might go a little higher to the […]
Emini holding above 50 day MA in rally to September 16 lower high
Emini and Forex Trading Update:Friday October 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini futures is testing resistance around the September 16 lower high and the 3400 Big Round Number. It is trying to hold above the February high and the 50-day MA. It is more […]