Emini and Forex Trading Update:Friday January 31, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday closed near its high. It is a buy signal bar on the daily chart for a micro double bottom in a bull trend. I wrote this week that the Emini might have to […]
Emini Low 1 bear flag sell signal as January ends
Emini and Forex Trading Update:Thursday January 30, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied for a 2nd day yesterday. The high got to within 7 points of the 3300 Big Round Number. I talked about how that was an important price in mid-January and therefore […]
Emini in pullback ahead of January FOMC announcement
Emini and Forex Trading Update:Wednesday January 29, 2020 I will update again at the end of the day. Pre-Open market analysis As I said was likely, yesterday rallied. The Emini was briefly oversold and many bears bought back their shorts. Yesterday is a buy signal bar for today. However, the odds still favor a 2nd […]
Emini short covering bounce up from open of month
Emini and Forex Trading Update:Tuesday January 28, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday opened with a huge gap down. Because that made the Emini oversold, many bears took profits and aggressive bulls bought. After a rally on the open, the Emini went sideways for the rest […]
Emini January buy climax has daily and weekly sell signals
Emini and Forex Trading Update:Monday January 27, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was an outside down day after a credible minor top on the daily chart on Wednesday. Remember, 2 weeks ago, I said that t 5% correction was likely to begin within 3 weeks. […]
Emini profit taking and 5% pullback after January buy climax
Market Overview: Weekend Market Update The Emini reversed down on Friday. This might be the start of a 5% correction, but there could be one more brief new high first. Bond futures are reversing up but the rally will probably form a lower high. The EURUSD Forex market is trying to resume its 2 year […]
Emini pausing on weekly chart late in January buy climax
Emini and Forex Trading Update:Friday January 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a sell signal on the daily chart yesterday by trading below Wednesday’s low. However, after an early selloff, it reversed up. It was a 1 day pullback in a bull trend […]
Emini dojis bars represent loss of momentum in January rally
Emini and Forex Trading Update:Thursday January 23, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini made another new high yesterday, but it sold off after the 1st hour. Yesterday is a sell signal bar for today. It formed a Low 2 top with Friday. As I wrote […]
Emini micro double top in January buy climax
Emini and Forex Trading Update:Wednesday January 22, 2020 I will update again at the end of the day. Pre-Open market analysis Over the weekend, I said that this week would probably not form a big bull bar on the weekly chart. That is because the past 2 weeks were big bull bars. A 3rd one […]
Emini extreme buy climax in January so profit taking soon
Emini and Forex Trading Update:Tuesday January 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to another new high on Friday. But Friday was a small day and the buy climax has been extreme. That increases the chance of a week or two of profit-taking […]
