Emini and Forex Trading Update:Tuesday December 8, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside bar yesterday. It is a sell signal bar for a nested wedge top on the daily chart. But yesterday was only a bear doji, and the prior 5 days […]
Emini micro wedge rally with December pullback likely
Emini and Forex Trading Update:Monday December 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini weekly and monthly charts are in bull trends, and the bulls want the year to close near its high. Additionally, there are 5 consecutive bull bars on the daily chart, and last […]
Emini nested wedge rally should reverse down in December
Market Overview: Weekend Market Analysis The SP500 Emini futures have rallied for a month, but there are problems with the rally on the daily, weekly, and monthly charts. There is a nested wedge rally at a measured move target on the daily chart. Traders should expect a pullback to below 3400 to begin in December. […]
Emini forming micro wedge top in early December rally to new all-time high
Emini and Forex Trading Update:Friday December 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday made another new all-time high, but closed below the old high. However, it closed 1 tick above yesterday’s close, and therefore made a new all-time highest close. This is a subtle […]
Emini closed the monthly gap but formed a daily High 1 buy signal
Emini and Forex Trading Update:Thursday December 3, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday pulled back and closed the gap on the monthly chart, but not the gap on the daily chart. Yesterday closed on its high, and it is a High 1 buy signal bar for […]
Emini gapped up in December to new all-time high on monthly chart
Emini and Forex Trading Update:Wednesday December 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the monthly chart yesterday. A gap up to a new all-time high on the monthly chart is rare. I don’t know if it has ever happened before in the […]
Emini gapping up in December to new all-time high on monthly chart
Emini and Forex Trading Update:Tuesday December 1, 2020 I will update again at the end of the day. Pre-Open market analysis After a strong November, the Emini today will probably gap up on the 1st day of December. It could gap above the November high. That would create a rare gap up to a new […]
Emini just below all-time high at the end of November
Emini and Forex Trading Update:Monday November 30, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was a bear doji bar on the daily chart, but the momentum up 3 weeks ago was strong. Traders expect a new all-time high this week. In fact, today might even gap to […]
What trading account size do I need to trade?
A Forex trader, especially a day trader, probably can begin with a trading account size as small as $1,000. I have seen ads suggesting that an Emini trader can make money by day trading only a $500 account. I think that is a mistake. A beginning trader will probably lose for at least a year […]
Emini futures probably down on next 10% move. Also, Gold and Bitcoin updates.
Market Overview: Weekend Market Analysis The SP500 Emini futures has rallied strongly in November, but most of the bars on the daily chart have been weak. This makes the rally more likely to be a bull leg in a trading range that started in September, and the start of a measured move up. Emini futures […]