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Bar counting
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Emini traders expect small break above April nested wedge
Market Overview: Weekend Market Update The Emini reversed down from a nested wedge top on the daily chart a week ago. However, this week rallied strongly and it is testing the top of the wedge. It will probably trigger the buy signal on the monthly chart before there is a pullback to 2600. The near-term […]
Emini forming likely lower high after April nested wedge top
Emini and Forex Trading Update:Friday May 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and formed a trading range day. The bulls want a break above the April high. It is very important on the daily, weekly, and monthly charts. Since April is a High […]
Emini still sideways after April nested wedge top
Emini and Forex Trading Update:Thursday May 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday traded below Tuesday’s low. That triggered a sell signal on the daily chart. This week triggered a minor sell signal on the weekly chart when Monday traded below last week’s low. […]
Emini May rally but likely lower high
Emini and Forex Trading Update:Wednesday May 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied yesterday, but reversed down from around the 20 week EMA. Yesterday’s candlestick is a Low 1 sell signal bar for today. However, it was only a doji bar on the daily […]
Emini minor sell signal in May at 20 week EMA
Emini and Forex Trading Update:Tuesday May 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini traded below last week’s low yesterday. That triggered a minor sell signal on the weekly chart. But since there is a 6 bar bull micro channel, the reversal down should be minor. […]
Emini April nested wedge top is minor sell signal
Emini and Forex Trading Update:Monday May 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down last week from a nested wedge top on the daily chart. This is probably the start of a 2 – 3 week pullback to around 2600. Since the 6 week […]
Emini nested wedge buy climax in April but minor monthly buy signal
Market Overview: Weekend Market Update The Emini is turning down from a nested wedge rally on the daily chart. This week is a good candidate for the start of a 2 – 3 week pullback. The bond futures market has been sideways for 8 weeks after an extreme buy climax. It will probably be in […]
Emini April rally has nested wedge buy climaxes at resistance
Emini and Forex Trading Update:Friday May 1, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down yesterday, but was sideways for most of the day. There is a wedge buy climax on the 60 minute chart. It is nested within a bigger wedge buy climax on […]
