Emini and Forex Trading Update:Tuesday February 2, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull trend day and it reversed Friday’s selloff. It is a High 2 buy signal bar for today on the daily chart. But it has a prominent tail on top, and […]
Emini broke below 3-month bull channel in late January
Emini and Forex Trading Update:Monday February 1, 2021 I will update again at the end of the day. Pre-Open market analysis The bulls want February to be a bull inside bar on the monthly chart. There would then be another ioi, like in October, and traders will look for another leg up in March. The […]
Emini minor sell signal in January on monthly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures should trade lower next week after January had a bear body on the monthly chart, an Emini minor sell signal. Furthermore, last week was outside down on the weekly chart, and the Emini broke below the 3-month bull channel on the daily chart. Bond futures broke […]
Emini bulls need follow-through buying after Wednesday’s big selloff
Emini and Forex Trading Update:Friday January 29, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big day yesterday after a big bear day Wednesday. While yesterday traded above Wednesday’s high, it closed below the middle of the range, and near the open. Big Down, Big […]
Emini reversing down at the end of January
Emini and Forex Trading Update:Thursday January 28, 2021 I will update again at the end of the day. Pre-Open market analysis Emini reversing down. The Emini formed a big bear day yesterday on the daily chart. It poked just below the bottom of the 3-month bull channel and the 50-day MA, and fell below the […]
Emini at all-time high ahead of Biden’s first FOMC report
Emini and Forex Trading Update:Wednesday January 27, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday broke above Monday’s big outside up doji bar, and made another new Emini all-time high. But yesterday was a small bar on the daily chart, and it had a bear body. It is […]
Emini outside bar at all-time high at end of January
Emini and Forex Trading Update:Tuesday January 27, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside up day, an Emini outside bar, but it closed near the open of the day, which is relatively neutral. The bull trend is strong on the daily, weekly, and monthly […]
Emini High 1 bull flag at end of January, but late in bull channel
Emini and Forex Trading Update:Monday January 25, 2021 I will update again at the end of the day. Pre-Open market analysis Friday pulled back from another new all-time high going into the final week of January. Because it had a bull body, it is a High 1 late in bull channel buy signal bar. But […]
Emini rallying strongly at start of Biden’s presidency
Market Overview: Weekend Market Analysis SP500 Emini rallying strongly on the daily, weekly, and monthly charts. Traders continue to expect higher prices. But the rally is now at the top of bull channels on all 3 time frames. That increases the chance of several down weeks starting soon. Bond futures have had lackluster follow-through after […]
Emini near measured move target from September and October double bottom
Emini and Forex Trading Update:Friday January 22, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bear doji bar on the daily chart, which is weak follow-through for the bulls after Wednesday’s strong rally. It is also a weak sell signal bar, and it therefore increases the […]
