Market Overview: Special weekend report about the 2020 selloff Containment of the coronavirus probably will not work. A vaccine is the realistic solution, but that is many months away. This could be the worst pandemic since the 1918 flu, which killed 50 million people. The Emini sold off strongly this week. Traders should expect a […]
Emini 12 percent correction at end of February
Emini and Forex Trading Update:Friday February 28, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday opened almost exactly at a 10% correction from the high. It rallied early but then sold off to close on its low and well below 3000. Yes, the selling is climactic and at […]
Emini outside down candlestick in February with bear body
Emini and Forex Trading Update:Thursday February 27, 2020 I will update again at the end of the day. Pre-Open market analysis After 2 huge days down, yesterday was a weaker bear trend day. There was a wedge bottom on the 5 minute chart. But, instead of reversing up, the Emini went sideways. That is a […]
Emini late February stock market crash on 5 minute chart
Emini and Forex Trading Update:Wednesday February 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini crashed on the 5 minute chart yesterday. Consecutive big selloffs like those of Monday and Tuesday typically attract profit takers and bargain hunters. This increases the chance of a bull trend today […]
Emini might form outside down month in February
Emini and Forex Trading Update:Tuesday February 25, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying throughout February that the rally was probably not a resumption of the 5 month bull trend. Instead, it looked more like a bull leg in a trading range that began […]
Emini February Low 2 sell signal bar on weekly chart
Emini and Forex Trading Update:Monday February 24, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying for a couple weeks that the February rally looks more like a bull leg in what will be seen as a trading range than a resumption of the 5 month […]
Emini February rally might be bull leg in trading range
Market Overview: Weekend Market Update 30 year Treasury bond Futures market:Testing October high, but wedge rally The 30 year Treasury bond futures has rallied in February to near the August all-time high. However, the rally comes after 4 consecutive bear bars on the monthly chart (not shown). When that is the case, there is usually […]
Emini reversing down from 3400 big round number
Emini and Forex Trading Update:Friday February 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday had a surprisingly strong selloff. After the sell climax, it rallied in a bull channel and closed around the open of the week. This week currently a doji bar on the […]
Emini trying to break above 3400 Big Round Number
Emini and Forex Trading Update:Thursday February 20, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a High 1 bull flag buy signal yesterday by going above Friday’s high. The bulls want a strong breakout above the 3400 Big Round Number. Yesterday got near that target. Traders […]
Emini stalled at 3400 Big Round Number for 6 days
Emini and Forex Trading Update:Wednesday February 19, 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 for 3 weeks. Yesterday was a 1 day pullback. It is High 1 bull flag buy signal bar for today. However, the Emini has […]
