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 […]
Emini triggered weekly High 1 buy signal going into end of 1st quarter
Emini and Forex Trading Update:Tuesday March 30, 2021 Pre-Open market analysis of daily chart Bulls failed to get gap up on weekly chart yesterday, but yesterday was a good bull day on daily chart. Increased chance of new all-time high, and test 4,000 today or this week. End of the quarter window dressing rally is […]
Emini strong end of 1st quarter window dressing
Emini and Forex Trading Update:Monday March 29, 2021 Pre-Open market analysis of daily chart Wednesday is the end of the 1st quarter, and there has been a 1st quarter window dressing rally since Thursday. The buying could continue all week. Despite Friday’s strong rally into the close, the Emini will probably not gap up to […]
Emini bull flag at top of trading range at end of 1st quarter
Market Overview: Weekend Market Analysis The SP500 Emini futures market had a strong end of quarter rally on Thursday and Friday. The Emini might gap up to a new all-time high on Monday on the daily and weekly charts. In addition, April could gap up on the monthly chart on Wednesday. While the Emini is […]
Emini buy signal bar at test of open of March and 50% pullback
Emini and Forex Trading Update:Friday March 26, 2021 Pre-Open market analysis of daily chart Reversed up from 50% pullback from 3-week rally, and from test to below open of the month. Yesterday is an Emini buy signal bar for a 2-week High 2 bull flag. Bulls want end of the quarter window dressing to lead […]
Emini in Breakout Mode at end of 1st quarter
Emini and Forex Trading Update:Thursday March 25, 2021 Pre-Open market analysis of daily chart Higher high major trend reversal with February high. Yesterday was big bear bar closing on its low. If today is another big bear day, especially if it is very big, odds will favor 10% correction down to 3,700 at bottom of […]
Emini in trading range around February high
Emini and Forex Trading Update:Wednesday March 24, 2021 Pre-Open market analysis of daily chart Yesterday was a bear day but it had a prominent tail below. The Emini traded below Monday’s low and 3,900 Big Round Number, but closed above both, and therefore was not as bearish as it could have been. Emini in trading […]
Emini High 1 bull flag buy signal at end of 1st quarter
Emini and Forex Trading Update:Tuesday March 23, 2021 Pre-Open market analysis of daily chart Yesterday triggered High 1 bull flag buy signal on daily chart near end of 1st quarter. Magnets above are the 3,950 and 4,000 Big Round Numbers, and last week’s all-time high. Bulls hope there will be enough end-of-quarter window dressing to […]
Emini weekly double top sell signal at end of 1st quarter
Emini and Forex Trading Update:Monday March 22, 2021 Pre-Open market analysis of daily chart Weekly double top sell signal bar on weekly chart. But prominent tail below bar, tight bull channel, and 4,000 magnet above so probably minor reversal. Daily chart has High 1 bull flag pullback to 20-day EMA, and 3,900 Big Round Number, […]