Market Overview: Weekend Market Update The Emini is in breakout mode entering a seasonally bullish time of the year. But, it formed a strong sell signal bar on the weekly chart. If the bears get a big selloff next week, the Emini will probably work down below 2700 this summer. The bond futures market has […]
Emini High 1 buy signal bar after failed bear breakout
Emini and Forex Trading Update:Friday June 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up strongly yesterday from Wednesday’s break below the 7 day tight trading range. Yesterday is a buy signal bar for today. The Emini will probably go above yesterday’s high to […]
Emini has June lower high major trend reversal
Emini and Forex Trading Update:Thursday June 25, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday crashed on the 5 minute chart. On the daily chart, it triggered a lower high major trend reversal sell signal. Today is important. If today has a bear body on the daily chart, […]
Emini lower high major trend reversal at end of 2nd quarter
Emini and Forex Trading Update:Wednesday June 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered High 1 bull flag buy signals on both the daily and weekly charts yesterday. However, it reversed down from a wedge top after poking above last week’s high. It closed near […]
Emini ioi bull flag at end of 2nd quarter
Emini and Forex Trading Update:Tuesday June 23, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up from above yesterday’s low but could not reach yesterday’s high. It was therefore an inside day after an outside day. This is an ioi Breakout Mode pattern. Yesterday is now […]
Emini forming June lower high major trend reversal
Emini and Forex Trading Update:Monday June 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big outside down day on Friday. That is a sell signal bar for today. There is now a small double top and a lower high major trend reversal. The bears […]
Emini lower high major trend reversal but gap is magnet above
Market Overview: Weekend Market Update The Emini sold off on Friday. There is a 50% chance that this is the start of a 15% correction. But there is also a 50% chance that the Emini will first test the gap on the weekly chart above the February 24 high. Bond futures are stuck in a […]
Emini High 1 bull flags on daily and weekly charts
Emini and Forex Trading Update:Friday June 19, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Wednesday’s low. That triggered a minor sell signal on the daily chart for a lower high. But the 2 day rally preceding it was strong. Therefore, yesterday was more likely a […]
Emini inside day in middle of June gap
Emini and Forex Trading Update:Thursday June 18, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an inside day after a strong 2 day rally. It is therefore both a buy and sell signal bar for today. Since it had a bear body, it is a weak buy […]
Emini back in last week’s big gap down
Emini and Forex Trading Update:Wednesday June 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini opened with a big gap up yesterday, triggering the High 1 buy signal on the daily chart. That gap up formed a 3 day island bottom. However, the Emini collapsed to below […]
