Emini and Forex Trading Update:Monday December 16, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had a dramatic rally on Thursday morning on news of possibly no new China tariffs on December 15. It has been sideways since. Friday was a doji bar on the daily chart […]
Emini small breakout above top of 13 year bull channel
Market Overview: Weekend Market Update The Emini finally broke above the tops of the bull channels on the daily, weekly, and monthly charts. The bulls want the year to close on its high after opening on its low. Because there is no credible top, the Emini will probably be sideways to up through December. The […]
Emini breakout above top of 13 year bull channel
Emini and Forex Trading Update:Friday December 13, 2019 I will update again at the end of the day. Pre-Open market analysis Last week formed a pullback on the weekly chart. It was the 1st pullback in a 9 week bull micro channel. A pullback in a bull trend is a High 1 bull flag buy […]
Emini weekly High 1 bull flag for possible yearend rally
Emini and Forex Trading Update:Thursday December 12, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday’s FOMC report was a non-event. The Emini has been sideways for 4 days. That increases the chance of more sideways trading again today. Last week’s candlestick is a High 1 buy signal bar […]
Emini awaits final FOMC report of the decade
Emini and Forex Trading Update:Wednesday December 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini pulled back this week from last week’s test of the all-time high of 2 weeks ago. Yesterday is a High 1 bull flag buy signal bar for today. The bulls expect higher […]
Emini deciding between double top and yearly close on high
Emini and Forex Trading Update:Tuesday December 10, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini again tested the high from 2 weeks ago yesterday and it reversed down. The bears are hoping that Friday will form a double top with that high. Today is a sell signal […]
Emini bulls want close of year at new high
Emini and Forex Trading Update:Monday December 9, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off 85 points and reversed back up last week. I said throughout November that a 50 – 100 point pullback was likely, and last week probably was it. The bulls want […]
Emini minor reversal down in 9 week bull micro channel
Market Overview: Weekend Market Update The S&P Emini rallied strongly from a 2 day bear trap. The bears now want a double top, but sideways to up is more likely. Bond futures are drifting down from a buy climax. They will probably be sideways to down for many months. The EURUSD Forex market is in […]
Emini testing last week’s low after 9 week micro channel
Emini and Forex Trading Update:Friday December 6, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down strongly yesterday from above Wednesday’s high. However, the bears were unable to break below Wednesday’s low to create an outside down day. Instead, the bulls got a reversal up and […]
Emini one day island bottom and possible December bear trap
Emini and Forex Trading Update:Thursday December 5, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday and formed a 1 day island bottom. Last week was a bull bar on the weekly chart and therefore a bad sell signal bar. Some bulls theoretically bought below […]
