Emini and Forex Trading Update:Thursday July 23, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a trading range day that rallied to a new high late in the day. The bulls are trying to close the February gap and then get a new all-time high. They have […]
Emini has consecutive closes in the February pandemic gap
Emini and Forex Trading Update:Wednesday July 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday, but went sideways for most of the day. The selloff at the end of the day closed yesterday’s gap up. Because yesterday had a bear body, it is a […]
Emini month-long wedge rally finally entered the pandemic February gap
Emini and Forex Trading Update:Tuesday July 21, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong Small Pullback Bull Trend day. It formed the 1st bull day in 3 days and it closed above Friday’s high. It was the highest close since February. The past month […]
Emini 5 week rally to big February bear gap
Emini and Forex Trading Update:Monday July 20, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed the 3rd consecutive bear doji bar on the daily chart on Friday. It is trading just below the February 24 high, which is the bottom of the big gap down on […]
Covid-19 pandemic vaccine and its euphoric market impact
Covid-19 pandemic update The current status of a vaccine is explored along with the euphoric effects on market sentiment that the Covid-19 pandemic creates in its wake. 27 Covid-19 pandemic vaccines in clinical trials There are about 120 groups working on a Covid-19 pandemic vaccine and 23 have vaccines in different stages of clinical testing. […]
Emini finally testing February 24 gap so tension increasing
Market Overview: Weekend Market Update The Emini bulls are determined to test the gap on the weekly chart above the February 24 high. Many bears have been waiting for that test. Once in the gap, there is a 50% chance of a new high and a 50% chance of a correction down to 2700. Bond […]
Emini High 1 bull flag just below February 24 gap
Emini and Forex Trading Update:Friday July 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a sell signal yesterday by trading below Wednesday’s low. Traders see a 3 day micro double top and a double top with the June high. But yesterday was a small trading […]
Emini within 9 points of February 24 gap
Emini and Forex Trading Update:Thursday July 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday opened with a big gap up and therefore triggered the High 1 bull flag buy signal. After selling off and barely closing the gap, it rallied to back near the open […]
Emini high 1 bull flag after July wedge top
Emini and Forex Trading Update:Wednesday July 15, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a sell signal on the daily chart by going below Monday’s low. However, yesterday rallied in a bull trend and it closed near its high. It erased Monday’s bearishness and it is […]
Emini 2nd consecutive failed 4 month island bottom
Emini and Forex Trading Update:Tuesday July 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the weekly chart, but like last week, the bulls could not keep the gap open. There are now consecutive failed island bottom attempts. In addition, the month-long wedge rally […]
