Market Overview: Weekend Market Update The Emini is trying to resume its strong bull trend, but a lower high is more likely. A reasonable target for the bottom of this correction is the February 11 high, which is the bottom of a gap up. Crude oil has gone mostly sideways for 2 weeks after a […]
Emini bear rally testing 2900 but lower high likely
Emini and Forex Trading Update:Friday May 17, 2019 I will update again at the end of the day. Pre-Open market analysis For the past few days, I have been saying that the Emini would test last Friday’s high. It achieved that goal yesterday. Can it continue up to a new all-time without forming a 2nd […]
Emini 2nd outside bar buy signal for minor reversal up
Emini and Forex Trading Update:Thursday May 16, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed an outside up day. This is the 2nd one in a week. A 2nd bottom attempt has a higher probability of success. There is an increased chance of a bull […]
Emini minor reversal up from 2800 but lower high likely
Emini and Forex Trading Update:Wednesday May 15, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday rallied in a Small Pullback Bull Trend. In addition, Monday was a big bear day and yesterday opened near Monday’s high. This is a buy signal, similar to January 4. However, these 2 […]
Emini 3 week minor trend reversal on China tariffs
Emini and Forex Trading Update:Friday May 10, 2019 I will update again at the end of the day. Pre-Open market analysis There were strong bull days on Thursday and Friday last week. However, the Emini yesterday opened near Friday’s low and sold off to test the 2800 Big Round Number. A bear break below a […]
Emini micro double bottom after closing gap above March 29 high
Emini and Forex Trading Update:Monday May 13, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had a big outside up day on Friday. This was after Thursday’s bull reversal after closing the Gap above the March 29 high. After May 1 formed a consecutive outside down sell […]
Emini monthly double top but weak sell setup
Market Overview: Weekend Market Update The Emini formed a micro double bottom at important support this week. If the bulls get follow-through buying this week, there will probably be a test of 3,000 in May. The crude oil daily chart has probably entered a trading range. It is searching for a bottom. The legs up […]
Emini in breakout mode ahead of Trump Chinese tariff announcement
Emini and Forex Trading Update:Thursday May 9, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a weak follow-through day for the bulls. On Tuesday, they had a strong reversal up after a dip below the March high. But yesterday’s rally had a lot of trading range price […]
Emini selloff testing March breakout point and gap
Emini and Forex Trading Update:Wednesday May 8, 2019 I will update again at the end of the day. Pre-Open market analysis I have been saying for several weeks that the Emini probably had to pull back below the March 21 high. This is because the Emini pulled back below breakout points several times this year. […]
Emini High 2 bull flag but still on oo top sell signal
Emini and Forex Trading Update:Tuesday May 7, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday opened with a huge gap down, but the Emini reversed up and formed a big bull trend day. In part, the rally was from bears who were relieved to finally have a profit. […]