Emini and Forex Trading Update:Wednesday March 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly early on the Fed interest rate cut, but then sold off. It retraced about half of the 3 day rally. Yesterday was probably just a pullback from Monday’s rally. There […]
Emini short covering in absence of bad coronavirus news
Emini and Forex Trading Update:Tuesday March 3, 2020 I will update again at the end of the day. Pre-Open market analysis As I said was likely, yesterday was a bull trend day. Since last week’s collapse was so severe, there will probably be more short covering today or later this week. However, there is currently […]
Emini short covering rally in 1st week of March
Emini and Forex Trading Update:Monday March 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini collapsed last week. It is now down in the March to October trading range. Traders looked at that as a fair price. They probably will again. Consequently, the Emini might begin to […]
Emini has 30% chance of 30-50% correction from coronavirus pandemic
Market Overview: Special weekend report about the 2020 selloff Containment of the coronavirus probably will not work. A vaccine is the realistic solution, but that is many months away. This could be the worst pandemic since the 1918 flu, which killed 50 million people. The Emini sold off strongly this week. Traders should expect a […]
Emini 12 percent correction at end of February
Emini and Forex Trading Update:Friday February 28, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday opened almost exactly at a 10% correction from the high. It rallied early but then sold off to close on its low and well below 3000. Yes, the selling is climactic and at […]
Emini outside down candlestick in February with bear body
Emini and Forex Trading Update:Thursday February 27, 2020 I will update again at the end of the day. Pre-Open market analysis After 2 huge days down, yesterday was a weaker bear trend day. There was a wedge bottom on the 5 minute chart. But, instead of reversing up, the Emini went sideways. That is a […]
Emini late February stock market crash on 5 minute chart
Emini and Forex Trading Update:Wednesday February 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini crashed on the 5 minute chart yesterday. Consecutive big selloffs like those of Monday and Tuesday typically attract profit takers and bargain hunters. This increases the chance of a bull trend today […]
Emini might form outside down month in February
Emini and Forex Trading Update:Tuesday February 25, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying throughout February that the rally was probably not a resumption of the 5 month bull trend. Instead, it looked more like a bull leg in a trading range that began […]
Emini February Low 2 sell signal bar on weekly chart
Emini and Forex Trading Update:Monday February 24, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying for a couple weeks that the February rally looks more like a bull leg in what will be seen as a trading range than a resumption of the 5 month […]
Emini February rally might be bull leg in trading range
Market Overview: Weekend Market Update 30 year Treasury bond Futures market:Testing October high, but wedge rally The 30 year Treasury bond futures has rallied in February to near the August all-time high. However, the rally comes after 4 consecutive bear bars on the monthly chart (not shown). When that is the case, there is usually […]