Emini and Forex Trading Update:Thursday October 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed another big bear bar yesterday. It closed the gap above the September 25 high. The next target below is the September low, which is the bottom of the 3 month trading […]
Emini follow-through selling after Monday’s bear breakout
Emini and Forex Trading Update:Wednesday October 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini on Monday broke far below the small wedge bull flag on the daily chart. It fell below the open of the month and the February high. But it reversed up and closed […]
Emini testing open of October
Emini and Forex Trading Update:Tuesday October 27, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday tested the February high and the open of the month, and it reversed up in the middle of the day. The day closed just above the midpoint of the range, and therefore the […]
Emini weak breakout above October wedge bull flag
Emini and Forex Trading Update:Monday October 26, 2020 Pre-Open market analysis An Emini weak breakout triggered above a wedge bull flag buy signal on Friday, but Friday had a bear body. That is a weak entry for the bulls. But it had a big tail below. It is therefore also a weak sell signal bar […]
Trading ranges – areas of confusion
Trading Range trading strategies The market is in constant search of balance, which means a price where both the bulls and bears feel there is value in placing a trade. They need to believe that they will make money. This means an area of confusion, a trading range, because how else could both the bulls […]
Emini wedge bull flag reversal up from test of September 16 high
Market Overview: Weekend Market Analysis The SP500 Emini futures reversed up this week on the daily chart from a wedge bull flag reversal and a test of the September 16 top of a month-long trading range. It could rally for a couple weeks, but traders think it will probably reverse down again before breaking much […]
Emini micro wedge and breakout test at September 16 high
Emini and Forex Trading Update:Friday October 23, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying that the Emini would probably trade below Monday’s low and reverse up. That would create a 6-day Emini micro wedge bull flag and a breakout test of the September 16 […]
Emini micro double bottom at September 16 high
Emini and Forex Trading Update:Thursday October 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways for 5 days. Traders are deciding if the selloff has gone far enough or it the cash index has to fall a little more to its February high before […]
Emini futures testing September 16 high but might get one more brief leg down
Emini and Forex Trading Update:Wednesday October 21, 2020 I will update again at the end of the day. Pre-Open market analysis Over the weekend, I wrote that the Emini futures probably had to fall below the September 16 high, which it did on Monday. This is because the Emini has been in a trading range […]
Emini testing September 16 high breakout point
Emini and Forex Trading Update:Tuesday October 20, 2020 I will update again at the end of the day. Pre-Open market analysis By trading below Friday’s low, the Emini triggered a sell signal on the daily chart. By trading below last week’s low, it triggered a double top sell signal on the weekly chart. But that […]
