Emini and Forex Trading Update:Wednesday April 17, 2019 I will update again at the end of the day. Pre-Open market analysis I have been saying that last Thursday’s gap up might be a measuring gap. Yesterday sold off after gapping up to the 2920 target area. But, it reversed up late in the day. On […]
Emini buy climax around 2900 but no exhaustion yet
Emini and Forex Trading Update:Tuesday April 16, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off again yesterday on the open. The bulls bought the selloff, just as they have done for more days over the past 3 weeks. The most interesting thing right now is […]
Emini breakout above 2900 but doji bar and buy climax
Emini and Forex Trading Update:Monday April 15, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped above the 2900 resistance level on Friday. However, Friday closed near its open and formed a doji bar. That hesitation increases the chance of a failed breakout. The bears prefer a […]
Emini gap above 2900 resistance but buy climax and 3rd leg up
Market Overview: Weekend Market Update The Emini gapped above the 2900 resistance level this week. Traders want to see follow-through buying next week. If they get it, they will expect a new all-time high within a month. The bears want a reversal down from a wedge rally to resistance. The crude oil futures market has […]
Emini gapping above 2900 resistance
Emini and Forex Trading Update:Friday April 12, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini tested 2900 again yesterday, and reversed down in the middle of the day. I have been saying that the bulls would probably get a breakout above 2900 this week. Today will probably […]
Emini High 1 bull flag at 2900 resistance
Emini and Forex Trading Update:Thursday April 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a trading range day yesterday, but had a small, late bull breakout. By going above Monday’s high, yesterday triggered High 1 bull flag buy signal on the daily chart. There is […]
Emini micro double top and nested wedge at 2900
Emini and Forex Trading Update:Wednesday April 10, 2019 I will update again at the end of the day. Pre-Open market analysis Monday was an outside up day. It got to within 1 tick of 2900, but then reversed to below Friday’s low. The 2 days created a micro double top on the daily chart. In […]
Current Status of Option Oriented Indicators
Free guest webinar April 11, 2019
The current status of Option Oriented Indicators April 11, 2019 at 1:30 pm PT, 4:30 pm ET Hosted by Lawrence G. McMillan, President McMillan Analysis Corp.and author of Options As A Strategic Investment Option data (price and volume) can often be used to structure trading indicators or systems designed to predict the movements of the broad stock […]
Emini outside up buy signal bar 2900
Emini and Forex Trading Update:Tuesday April 9, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday had its 1st pullback in 9 days on the daily chart. The bulls bought below Friday’s low and the bull trend continued to above Friday’s high. Yesterday therefore was an outside […]
Bull surprise bar on Emini weekly chart
Emini and Forex Trading Update:Monday April 8, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bull trend bar on the weekly chart and it closed near its high. This was after 2 weekly sell signals over the prior 5 weeks. The bears might be giving […]