Emini and Forex Trading Update:Tuesday July 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the weekly chart, but like last week, the bulls could not keep the gap open. There are now consecutive failed island bottom attempts. In addition, the month-long wedge rally […]
Emini might form 4 month island bottom on weekly chart
Emini and Forex Trading Update:Monday July 13, 2020 I will update again at the end of the day. Pre-Open market analysis Friday broke above Thursday’s high and the week closed on its high. This is the 1st time that the bulls have had consecutive bull bars on the weekly chart in 5 weeks. Traders expect […]
Ask Al: Tesla stock price 1370 – Wow! What’s going on?
Video duration: 11min 18sec Trading room Q&A Tuesday July 7, 2020 Q: Tesla at 1370. What’s going on? How did that happen? Tesla stock price rationale Let me just say I own two Teslas. I like the car. I like – the body is terrible, but comfort – I had a Lexus before the […]
Emini high 1 bull flag buy signal bar just below June high
Emini and Forex Trading Update:Thursday July 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini had swings up and down yesterday after Tuesday’s strong bear trend. It was therefore a trading range day. But after a midday higher low major trend reversal, it closed near its high. […]
Emini micro double top in 5 day bull micro channel
Emini and Forex Trading Update:Wednesday July 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday again failed around 3175 where it failed twice on Monday. There is now a micro double top on the daily chart for a failed breakout above the 3 week trading range. Yesterday is […]
Emini testing June high after weekly outside up candlestick
Emini and Forex Trading Update:Monday July 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up candlestick last week on the weekly chart. It broke above last week’s high yesterday, but the breakout was small. The Emini is near the top of the 5 […]
Emini might gap above last week’s high and form 4 month weekly island bottom
Emini and Forex Trading Update:Monday July 6, 2020 I will update again at the end of the day. Pre-Open market analysis June was the 3rd consecutive bull bar on the monthly chart. But since it has a small body, it was a doji bar. That represents a loss of momentum. It lowers the probability of […]
Emini outside up week but minor daily sell signal
Market Overview: Weekend Market Update The Emini rallied strongly this week to end as an Emini outside up week. But it is still in its month-long trading range. There is still a 50% chance of a selloff to below 2700 before the Emini makes a new high. The bond futures have been sideways for 4 […]
Emini has June unemployment report for catalyst today
Emini and Forex Trading Update:Thursday July 2, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull trending trading range day after 2 strong bull days. Although it closed in the middle of the day’s range, it was still a third consecutive bull trend day. That increases […]
Emini has weak buy signal ahead of June unemployment report tomorrow
Emini and Forex Trading Update:Wednesday July 1, 2020 I will update again at the end of the day. Pre-Open market analysis By going above Monday’s high yesterday, the Emini triggered a buy signal on the daily chart. I have been saying since Friday that the Emini would probably rally this week. Yesterday was a strong […]