Emini and Forex Trading Update:Monday March 9, 2020 I will update again at the end of the day. Pre-Open market analysis I have been writing that the Emini will sell off dramatically if traders begin to believe that the number of coronavirus cases will increase exponentially. That is appearing to be the case. The Emini […]
Emini searching for end of 1st leg down
Market Overview: Weekend Market Update The Emini is in an early bear trend on the daily chart and probably the weekly chart. The bulls want a double bottom with last week’s low. However, the best the bulls can probably get over the next several weeks is a trading range. There is at least a 50% […]
Emini doji bar on weekly chart after February collapse
Emini and Forex Trading Update:Friday March 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini sold off again yesterday to below the 3000 Big Round Number. But Wednesday had a bull body on the daily chart. It was therefore a weak sell signal bar. That increases the […]
Emini weak High 1 buy flag in March bear rally
Emini and Forex Trading Update:Thursday March 5, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside bar in last week’s reversal up from a sell climax. It is therefore a High 1 bull flag and a buy signal bar for today. Because the sell climax […]
Emini lacks confidence in Powell and his rate cut
Emini and Forex Trading Update:Wednesday March 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly early on the Fed interest rate cut, but then sold off. It retraced about half of the 3 day rally. Yesterday was probably just a pullback from Monday’s rally. There […]
Emini short covering in absence of bad coronavirus news
Emini and Forex Trading Update:Tuesday March 3, 2020 I will update again at the end of the day. Pre-Open market analysis As I said was likely, yesterday was a bull trend day. Since last week’s collapse was so severe, there will probably be more short covering today or later this week. However, there is currently […]
Emini short covering rally in 1st week of March
Emini and Forex Trading Update:Monday March 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini collapsed last week. It is now down in the March to October trading range. Traders looked at that as a fair price. They probably will again. Consequently, the Emini might begin to […]
Emini has 30% chance of 30-50% correction from coronavirus pandemic
Market Overview: Special weekend report about the 2020 selloff Containment of the coronavirus probably will not work. A vaccine is the realistic solution, but that is many months away. This could be the worst pandemic since the 1918 flu, which killed 50 million people. The Emini sold off strongly this week. Traders should expect a […]
Emini February rally might be bull leg in trading range
Market Overview: Weekend Market Update 30 year Treasury bond Futures market:Testing October high, but wedge rally The 30 year Treasury bond futures has rallied in February to near the August all-time high. However, the rally comes after 4 consecutive bear bars on the monthly chart (not shown). When that is the case, there is usually […]
Emini testing 3400 but possible minor wedge top
Market Overview: Weekend Market Update The Emini has rallied strongly for 2 weeks, but the rally might be a bull leg in the January trading range. However, there is currently only a 30% chance that February will reverse back down to the low of the month in the final 2 weeks. The bond futures market […]