Emini and Forex Trading Update:Wednesday November 20, 2019 I will update again at the end of the day. Pre-Open market analysis After 7 consecutive bull bars on the daily chart, the Emini finally had a bear bar yesterday. However, a strong bull trend does not typically immediately reverse into a bear trend. Most traders want […]
Emini November parabolic wedge buy climax but no top yet
Emini and Forex Trading Update:Monday November 19, 2018 I will update again at the end of the day. Pre-Open market analysis Yesterday went above last week’s high and therefore made another all-time high. Furthermore, it was the 7th consecutive bull trend bar on the daily chart. That is unusual and therefore climactic. Also, the past […]
Emini likely November pullback from top of yearlong bull channel
Emini and Forex Trading Update:Monday November 18, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed its 6 consecutive bull bar on Friday. That is extreme and therefore climactic. Furthermore, there have been 3 pushes up in a tight bull channel on the daily chart. A reversal […]
Emini November buy climax at top of yearlong bull channel
Market Overview: Weekend Market Update The Emini has rallied to the top of the yearlong bull channel on the weekly chart. After 6 consecutive bull bars, a 1 – 2 week pullback will probably begin in November. The bond futures market triggered a parabolic wedge buy climax sell signal on the monthly chart in November. […]
Emini 6th consecutive bull bar on weekly chart
Emini and Forex Trading Update:Friday November 8, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was another bull day in a 6 bar tight trading range. The Emini is still going up and it might accelerate. Until midday yesterday, this week was likely to sell off to below […]
Emini buy signal bar but at top of November wedge
Emini and Forex Trading Update:Thursday November 14, 2019 I will update again at the end of the day. Pre-Open market analysis Tuesday was a bad sell signal bar on the daily chart for the micro wedge top. Yesterday gapped down and triggered the sell signal, but then rallied for 4 hours. There was a late […]
Emini micro wedge top at 3100 big round number
Emini and Forex Trading Update:Wednesday November 13, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday accomplished the 2 goals that I said were likely. The bulls got a breakout above 3100 and above Thursday’s high. As expected, many bulls took some profits. There is now a […]
Emini high 1 bull flag but November pullback likely
Emini and Forex Trading Update:Tuesday November 12, 2019 Pre-Open market analysis The Emini gapped down yesterday but then rallied. It was a bull bar on the daily chart and it is a High 1 bull flag buy signal bar for today. Many bulls are waiting to take profits above 3100. Therefore 3100 is a magnet […]
Emini High 1 bull flag but consecutive wedge buy climaxes
Emini and Forex Trading Update:Monday November 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bull reversal day on Friday. Friday is now a High 1 bull flag buy signal bar for today in a strong bull trend on the daily chart. Because the rally […]
Emini consecutive parabolic wedge tops so November pullback likely
Market Overview: Weekend Market Update The Emini is in a strong bull trend. This will probably continue through the end of the year. But the rally has been climactic. That will probably attract profit takers within a couple weeks. If so, traders should expect a 50 – 100 point selloff and then a resumption of […]
