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 […]
Emini finally broke above 4,000 Big Round Number
Emini and Forex Trading Update:Monday April 5, 2021 Pre-Open market analysis of daily chart Friday finally broke above 4000 Big Round Number, and closed on its high, above 4,000. Emini went sideways for several days to a couple weeks at every prior Big Round Number since 3,500. Traders expect sideways for at least a few […]
Emini gapped up in April and broke above 4,000 Big Round Number
Market Overview: Weekend Market Analysis The SP500 Emini futures market gapped up on the monthly chart, and broke above the 4,000 Big Round Number. The bulls need follow-through buying next week, to increase the chance that the rally will continue up to measured move targets at around 4,200. Because the Emini gapped up and is […]
Emini bulls want follow-through in April, but might stall at 4,000
Emini and Forex Trading Update:Thursday April 1, 2021 Pre-Open market analysis of daily chart Yesterday was the 5th consecutive bull day and it formed another new high. Emini bulls want follow-through. This is unusual and therefore extreme. Increased chance of close below today’s open. Yesterday reversed down from just below the 4,000 Big Round number. […]
Emini having strong finish to 1st quarter
Emini and Forex Trading Update:Wednesday March 31, 2021 Pre-Open market analysis of daily chart Yesterday was a pullback from a 3-day rally. It is therefore a High 1 bull flag buy signal bar. However, it had only a small bull body, making it a fairly neutral day (doji day). It is a lower probability buy […]