Emini and Forex Trading Update:Monday September 16, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini stalled on Thursday and Friday just below the all-time high. In addition, the 3 week rally has had 3 legs and it is therefore a wedge. This makes a 1 – 3 […]
Emini breakout above August ledge top but pullback likely
Market Overview: Weekend Market Update The Emini daily chart has a wedge rally that is testing the all-time high. Friday is a sell signal for a minor reversal down. The 30 year Treasury bond futures weekly chart has a parabolic wedge top, which is also a Low 4 Top. It will trade sideways to down […]
Emini wedge rally testing July all time high
Emini and Forex Trading Update:Friday September 13, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday again gapped up, sold off, and reversed up from near the EMA. But, as was likely, yesterday was a trading range day. The bulls are trying to get a new all-time high this […]
Emini lower high but closed above 3000 Big Round Number
Emini and Forex Trading Update:Thursday September 12, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a Small Pullback Bull trend. It broke above the 4 day tight trading range and closed above the 3,000 Big Round Number. The Emini will probably make a new high within a […]
Emini testing August ledge top and might form island top
Emini and Forex Trading Update:Wednesday September 11, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday pulled back but closed on its high in a bull trend on the daily chart. It is therefore a High 1 bull flag buy signal bar for today. But, yesterday was the 4th […]
Emini outside down after gap up so possible island top
I will update again at the end of the day. Emini and Forex Trading Update:Tuesday September 10, 2019 Pre-Open market analysis Yesterday reversed down from above Friday’s high and then up from below Friday’s low. It was therefore an outside down day. Furthermore, it again tested the July 18 low, which was the neckline of […]
Emini breakout above August ledge top needs follow through buying
Emini and Forex Trading Update:Monday September 9, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped above the month-long trading range on Thursday. But Thursday and Friday were trading range days. The bulls did not get strong follow-through buying and the bears do not yet have a […]
Emini breakout above August ledge top might fail
Market Overview: Weekend Market Update The Emini broke above the top of a ledge on the weekly chart. There is a 50% chance that the breakout will fail. The 30 year treasury bond futures have a weak breakout above the 2016 wedge top. The odds favor a month or two of sideways trading. The EURUSD […]
Emini breakout above August ledge top
Emini and Forex Trading Update:Friday September 6, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the top of the 5 week trading range yesterday. I have been saying that a bull breakout was highly likely because of the ledge top. Furthermore, I said that the […]
Emini just below August ledge top magnet above
Emini and Forex Trading Update:Thursday September 5, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and rallied in a weak bull trend. I have mentioned the ledge top at the top of the 5 week trading range on the daily chart many times over the past […]