Emini and Forex Trading Update:Friday June 21, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday opened at a new all-time high, but then sold off and closed its big gap up. It then reversed back up and closed at a new all-time high. There are now consecutive outside […]
Emini June FOMC gap up to new all time high
Emini and Forex Trading Update:Thursday June 20, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday had a huge, brief rally on yesterday’s FOMC report, but then entered a broad bull channel. Yesterday as an inside bar on the daily chart and a buy signal bar for today. The […]
Emini awaiting today’s FOMC June interest rate decision
Emini and Forex Trading Update:Wednesday June 19, 2019 I will update again at the end of the day. Pre-Open market analysis Today’s 11 am PST FOMC announcement is unusually important. It could quickly lead to a new all-time high this week or a sharp reversal down. Traders should trade today in 2 pieces. What takes […]
Emini tight trading range before June FOMC meeting
Emini and Forex Trading Update:Tuesday June 18, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a 4th consecutive doji bar in a tight trading range. The daily chart is in Breakout Mode ahead of Wednesday’s FOMC meeting. Consequently, the odds of a bull breakout and of […]
Emini tight trading range ahead of June FOMC meeting
Emini and Forex Trading Update:Monday June 17, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways in a tight trading range. Last week’s candlestick pattern was a perfect doji bar on the weekly chart. That is neutral. Traders are waiting for Wednesday’s FOMC announcement before […]
Emini testing all time high ahead of June FOMC meeting
Market Overview: Weekend Market Update The Emini, like all financial markets, is waiting for Wednesday’s FOMC announcement. While the June rally has been strong, it still has not yet broken above the May all-time high. Wednesday’s report could lead to a breakout or a reversal down. The crude oil futures market sold off strongly for […]
Emini weak buy setup ahead of June FOMC
Emini and Forex Trading Update:Friday June 14, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday traded above Wednesday’s high and triggered a buy signal. However, Wednesday had a bear body and Tuesday was a big outside down day. This is a weak buy setup. Furthermore, the 6 day […]
Emini weak entry bar after weekly outside up buy signal
Emini and Forex Trading Update:Thursday June 13, 2019 I will update again at the end of the day. Pre-Open market analysis Tuesday was an outside down bar on the daily chart. It is a sell signal bar for a double top with the May 16 high. Yesterday triggered the sell signal by trading below Tuesday’s […]
Emini outside down sell signal bar for double top with May 16 high
Emini and Forex Trading Update:Wednesday June 12, 2019 I will update again at the end of the day. Pre-Open market analysis I have been saying since the weekend that there would be a pullback this week. This is because the Emini was testing the major May 16 lower high. Furthermore, there was a parabolic wedge […]
Emini double top with May 16 high ahead of FOMC
Emini and Forex Trading Update:Tuesday June 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down yesterday from above the May 16 high and 2900. There is now a double top bear flag on the daily chart. Yesterday is the sell signal bar for today. But […]
