Market Overview: Weekend Market Update The Emini rally has been very strong. Traders expect a new all-time high this week. Even if there is profit-taking, the 1st reversal down will probably only be minor. Crude oil finally reached its highest reasonable target this week. I have been writing every week for 4 months that higher […]
Emini pullback from test of 2956 all-time high
Emini and Forex Trading Update:Thursday April 25, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a trading range day yesterday after Tuesday’s big bull breakout. Because it is a pause after a breakout, it is a High 1 bull flag buy signal bar for today. But […]
Emini bull surprise bar just below all-time high
Emini and Forex Trading Update:Wednesday April 24, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was an extremely strong bull trend after a 6 day pause in the bull trend. Its high was about 16 points below the all-time high. The bears had a credible minor top last […]
Emini nested wedge top on 60 minute chart at 2900
Emini and Forex Trading Update:Tuesday April 23, 2019 I will update again at the end of the day. Pre-Open market analysis Tuesday gapped down on the 5 minute chart and reversed up to the 60 minute EMA. It then entered a trading range. By going above Thursday’s high, the Emini triggered a buy signal on […]
Emini buy climax on 60 minute chart might form lower high
Emini and Forex Trading Update:Monday April 22, 2019 I will update again at the end of the day. Pre-Open market analysis Most days over the past 3 weeks sold off and then reversed up. Thursday was another example. That reversal at the end of the week converted a developing strong bear bar on the weekly […]
Emini minor reversal from April parabolic wedge buy climax
Market Overview: Weekend Market Update The Emini is in a strong rally on all time frames. Wednesday’s big outside down day in a parabolic wedge rally and the bear body on the weekly chart make a minor reversal likely soon. It might have begun on Wednesday. The crude oil rally is near a measured move […]
Emini small wedge top could lead to 50 point pullback
Emini and Forex Trading Update:Thursday April 18, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday traded above Tuesday’s high and then below its low. Yesterday was therefore an outside down day. There is also an 8 bar wedge rally on the daily chart. Because yesterday was […]
Emini small wedge buy climax at measured move target at 2920
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 […]
