Emini and Forex Trading Update:Monday July 13, 2020 I will update again at the end of the day. Pre-Open market analysis Friday broke above Thursday’s high and the week closed on its high. This is the 1st time that the bulls have had consecutive bull bars on the weekly chart in 5 weeks. Traders expect […]
Emini high 1 bull flag buy signal bar just below June high
Emini and Forex Trading Update:Thursday July 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini had swings up and down yesterday after Tuesday’s strong bear trend. It was therefore a trading range day. But after a midday higher low major trend reversal, it closed near its high. […]
Emini micro double top in 5 day bull micro channel
Emini and Forex Trading Update:Wednesday July 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday again failed around 3175 where it failed twice on Monday. There is now a micro double top on the daily chart for a failed breakout above the 3 week trading range. Yesterday is […]
Emini testing June high after weekly outside up candlestick
Emini and Forex Trading Update:Monday July 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up candlestick last week on the weekly chart. It broke above last week’s high yesterday, but the breakout was small. The Emini is near the top of the 5 […]
Emini might gap above last week’s high and form 4 month weekly island bottom
Emini and Forex Trading Update:Monday July 6, 2020 I will update again at the end of the day. Pre-Open market analysis June was the 3rd consecutive bull bar on the monthly chart. But since it has a small body, it was a doji bar. That represents a loss of momentum. It lowers the probability of […]
Emini outside up week but minor daily sell signal
Market Overview: Weekend Market Update The Emini rallied strongly this week to end as an Emini outside up week. But it is still in its month-long trading range. There is still a 50% chance of a selloff to below 2700 before the Emini makes a new high. The bond futures have been sideways for 4 […]
Emini has June unemployment report for catalyst today
Emini and Forex Trading Update:Thursday July 2, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull trending trading range day after 2 strong bull days. Although it closed in the middle of the day’s range, it was still a third consecutive bull trend day. That increases […]
Emini has weak buy signal ahead of June unemployment report tomorrow
Emini and Forex Trading Update:Wednesday July 1, 2020 I will update again at the end of the day. Pre-Open market analysis By going above Monday’s high yesterday, the Emini triggered a buy signal on the daily chart. I have been saying since Friday that the Emini would probably rally this week. Yesterday was a strong […]
Emini has doji candlestick on the monthly chart entering final day of June
Emini and Forex Trading Update:Tuesday June 30, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below last week’s low. This triggered a Low 2 top sell signal on the weekly chart. However, it immediately reversed up into a bull trend day. Yesterday is now a buy signal […]
Emini weak Low 2 top sell signal on weekly chart
Emini and Forex Trading Update:Monday June 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini’s 3 month rally has been losing momentum for several weeks. Traders expect a 50% retracement but think the Emini might have to test the gap above the February 24 high first. Last […]
