Emini and Forex Trading Update:Tuesday October 20, 2020 I will update again at the end of the day. Pre-Open market analysis By trading below Friday’s low, the Emini triggered a sell signal on the daily chart. By trading below last week’s low, it triggered a double top sell signal on the weekly chart. But that […]
Emini minor sell signal for October micro double top
Emini and Forex Trading Update:Monday October 19, 2020 I will update again at the end of the day. Pre-Open market analysis Friday closed on its low and it is a sell signal bar for today, a micro double top. However, it had a small bear body and a big tail below. That is a weak […]
Emini resuming up after breakout test of September trading range high
Market Overview: Weekend Market Analysis The Emini has a micro double top sell signal on the daily chart. It might dip below the October 6 trading range high. Whether or not it reverses up to the September all-time high, the odds still favor a selloff from around that high. Bond futures have been sideways for […]
Emini breakout test of October 6 trading range high
Emini and Forex Trading Update:Friday October 16, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down and therefore created a 3-day island top. The bears were hoping that this was the start of a reversal down from a double top with the September high, and the start […]
Emini 3-day island top and double top with September high
Emini and Forex Trading Update:Thursday October 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini will probably gap down today. That would form a 3-day island top on the daily chart. While most island tops and bottoms are minor, the context here is good for the start […]
Emini weak High 1 bull flag after pullback to 3500
Emini and Forex Trading Update:Wednesday October 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday sold off to below Monday’s low. That makes yesterday a pullback in the 4-day rally. It is now a High 1 bull flag buy signal bar for today. But because of […]
Emini has strong breakout above September trading range
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 […]
