Emini and Forex Trading Update:Friday April 3, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a trading range day, but it closed on its high. I said early this week that the pullback would probably only last 2 – 3 days. The bulls want yesterday to be […]
Emini sideways into April unemployment report after March sell climax
Emini and Forex Trading Update:Thursday April 2, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a sell signal on the daily chart after the 1st pullback to the EMA in a bear trend. However, following a 7 day bull micro channel, the bears will probably need at […]
Emini pullback likely before Friday’s April unemployment report
Emini and Forex Trading Update:Wednesday April 1, 2020 I will update again at the end of the day. Pre-Open market analysis By going above last week’s high yesterday, the Emini triggered a weekly buy signal. But since last week had a big tail on top and the bear trend was so strong, the buy setup […]
Emini end of quarter window dressing after coronavirus crash
Emini and Forex Trading Update:Tuesday March 31, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied in a weak Bull Trend From The Open yesterday. It then went sideways for several hours. There was late trend resumption up, and the Emini broke above yesterday’s high late in […]
Emini end of quarter window dressing after March coronavirus crash
Emini and Forex Trading Update:Monday March 30, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was an inside day. It is therefore both a buy and sell signal bar for today. Since it was a doji bar, it will probably not lead to a big more up or […]
Emini expanding triangle bottom and short covering rally in April
Market Overview: Weekend Market Update The Emini reversed up from an extreme parabolic wedge sell climax. The 1st leg up of the short covering rally could last several weeks. In a few months, it might reach 2,800 – 3,000. Traders should expect a trading range for a couple months and probably all year. The bond […]
Emini outside up week after March sell climax
Emini and Forex Trading Update:Friday March 27, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini again yesterday traded above last week’s high, but it could not get far above it until late. It was in a trading range for most of the day, just above last week’s […]
Emini strong short covering rally after March coronavirus collapse
Emini and Forex Trading Update:Thursday March 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed a 2nd consecutive bull day. It was therefore confirmation that Tuesday’s breakout will probably be the start of a strong short covering rally. However, the late selloff was a reminder […]
Emini short covering rally will lead to April trading range
Emini and Forex Trading Update:Wednesday March 25, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and rallied. But the bulls were unable to maintain control and the day entered a trading range. Because it closed near its high, there is an increased chance of higher prices […]
Emini small pullback bear trend but oversold in late March
Emini and Forex Trading Update:Tuesday March 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is locked limit up in the Globex session today. Yesterday’s low was a 34% pullback from the high That is extremely unusual for a sell climax. Traders therefore expect a big short […]