Emini and Forex Trading Update:Tuesday June 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up strongly from below last week’s low. For the bulls, yesterday is a buy signal bar on the daily chart. They see the 5 day selloff as a High 1 […]
Emini consecutive bear days after June island top
Emini and Forex Trading Update:Monday June 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down last week and formed a 4 day island top on the daily chart. There was a big bear day on Thursday and another bear day on Friday. Friday was the […]
Emini forming double top with February high
Market Overview: Weekend Market Update The Emini had a Bear Surprise breakout this week. Traders expect lower prices over the next couple weeks. The bond futures market reversed last week’s selloff. It is back in the middle of its 3 month trading range. Traders expect more sideways trading, even if the market rallies next week. […]
Emini crash yesterday but at 200 day moving average
Emini and Forex Trading Update:Friday June 12, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini crashed yesterday on the 5 minute chart. The selloff on the daily chart began in the sell zone around the March 3 high. Because the range was big, traders expect at least […]
Emini stalled for 3 days at the 2019 close
Emini and Forex Trading Update:Thursday June 11, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a Small Pullback Bull Trend since the March low. Every pullback ended within 3 days. Yesterday was the 2nd day of a pullback from testing the close of 2019. […]
Emini strong rally ahead of June FOMC announcement
Emini and Forex Trading Update:Wednesday June 10, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open but reversed up from below Monday’s low. It again tested the close of 2019, but closed near the open. Yesterday was a bull doji candlestick on the daily […]
Emini testing at December 2019 close ahead of FOMC
Emini and Forex Trading Update:Tuesday June 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the close of last year. It is now up for the year. There is also a gap on the daily and weekly charts around 3250. That is another gap above. […]
Emini might test close of 2019 this week
Emini and Forex Trading Update:Monday June 8, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly all last week. While the rally is a buy climax, there is no top yet. Traders expect at least slightly higher prices. The next target is the 3219.75 close of […]
Emini might test 2019 close and February 24 gap
Market Overview: Weekend Market Update The Emini is rallying in a strong buy climax and it is testing the 2019 close. There is no top yet. Traders will buy the 1st 1 – 3 day pullback. Bond futures broke below the ii pattern on the monthly chart. Traders expect sideways to down trading for many […]
Emini buy vacuum test of start of March pandemic crash
Emini and Forex Trading Update:Thursday June 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday and broke above the 3,100 Big Round Number. Late in the day, it broke above the March 3 high. However, it sold off into the close. That was the […]
