Emini and Forex Trading Update:Thursday April 8, 2021 Pre-Open market analysis of daily chart Yesterday was the 9th consecutive bull bar on the daily chart. A streak that only happens about once a year. It is therefore unsustainable and climactic. Should get bear day this week. 8 days with low above low of prior day […]
Emini 8 bull bars streak will probably end today
Emini and Forex Trading Update:Wednesday April 7, 2021 Pre-Open market analysis of daily chart Emini 8 bull bars streak is unusual and therefore unsustainable and climactic. Since yesterday closed in lower third, today or tomorrow will probably be a bear bar. Also, today will probably trade below yesterday’s low. Open of the day will be […]
Emini gap up on weekly chart after breakout above 4,000
Emini and Forex Trading Update:Tuesday April 6, 2021 Pre-Open market analysis of daily chart Yesterday gapped to a new all-time high on the daily and weekly charts. Big bull bar that closed on its high in strong bull trend so higher prices likely. 7 consecutive bull bars on daily chart is unusual so climactic. Strong […]
Emini finally broke above 4,000 Big Round Number
Emini and Forex Trading Update:Monday April 5, 2021 Pre-Open market analysis of daily chart Friday finally broke above 4000 Big Round Number, and closed on its high, above 4,000. Emini went sideways for several days to a couple weeks at every prior Big Round Number since 3,500. Traders expect sideways for at least a few […]
Emini gapped up in April and broke above 4,000 Big Round Number
Market Overview: Weekend Market Analysis The SP500 Emini futures market gapped up on the monthly chart, and broke above the 4,000 Big Round Number. The bulls need follow-through buying next week, to increase the chance that the rally will continue up to measured move targets at around 4,200. Because the Emini gapped up and is […]
Emini bulls want follow-through in April, but might stall at 4,000
Emini and Forex Trading Update:Thursday April 1, 2021 Pre-Open market analysis of daily chart Yesterday was the 5th consecutive bull day and it formed another new high. Emini bulls want follow-through. This is unusual and therefore extreme. Increased chance of close below today’s open. Yesterday reversed down from just below the 4,000 Big Round number. […]
Emini having strong finish to 1st quarter
Emini and Forex Trading Update:Wednesday March 31, 2021 Pre-Open market analysis of daily chart Yesterday was a pullback from a 3-day rally. It is therefore a High 1 bull flag buy signal bar. However, it had only a small bull body, making it a fairly neutral day (doji day). It is a lower probability buy […]
Emini triggered weekly High 1 buy signal going into end of 1st quarter
Emini and Forex Trading Update:Tuesday March 30, 2021 Pre-Open market analysis of daily chart Bulls failed to get gap up on weekly chart yesterday, but yesterday was a good bull day on daily chart. Increased chance of new all-time high, and test 4,000 today or this week. End of the quarter window dressing rally is […]
Emini strong end of 1st quarter window dressing
Emini and Forex Trading Update:Monday March 29, 2021 Pre-Open market analysis of daily chart Wednesday is the end of the 1st quarter, and there has been a 1st quarter window dressing rally since Thursday. The buying could continue all week. Despite Friday’s strong rally into the close, the Emini will probably not gap up to […]
Emini bull flag at top of trading range at end of 1st quarter
Market Overview: Weekend Market Analysis The SP500 Emini futures market had a strong end of quarter rally on Thursday and Friday. The Emini might gap up to a new all-time high on Monday on the daily and weekly charts. In addition, April could gap up on the monthly chart on Wednesday. While the Emini is […]
