Emini and Forex Trading Update:Thursday November 7, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off early yesterday on China trade news, but the strong bull trends on the daily and weekly charts were more important. The day reversed up and it is a buy signal […]
Emini buy climax testing 3100 Big Round Number
Emini and Forex Trading Update:Wednesday November 6, 2019 I will update again at the end of the day. Pre-Open market analysis I said on Monday that Tuesday was likely to trade below Monday’s low, and it did. This is because there has been a pullback every few days in the 5 week rally. With Monday […]
Emini breakout above July high but brief pullback this week
Emini and Forex Trading Update:Tuesday November 5, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up again yesterday but traded in a small trading range. It was sloped downward and it was also a broad bear channel. Traders are still debating when and if Friday’s gap […]
Emini buy signal on breakout above October high
Emini and Forex Trading Update:Monday November 4, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on Friday. This was a gap up on the monthly chart as well as on the daily chart. Gaps on the monthly chart rarely stay open. Consequently, there will probably […]
Emini triggered monthly outside up buy signal above October high
Market Overview: Weekend Market Update The Emini gapped up on the monthly chart and the daily chart is in a Small Pullback Bull Trend. It will probably work higher for at least another month. Bitcoin reversed up strongly 2 weeks ago but had a bear follow-through bar on the weekly chart this week. There will […]
Emini bears want weekly sell signal after October outside up
Emini and Forex Trading Update:Friday November 1, 2019 I will update again at the end of the day. Pre-Open market analysis October ended yesterday. It was an outside up month on the monthly chart. Traders see it as a buy signal bar for November. By closing above both the September and July highs, the Emini […]
Emini rallied on October FOMC announcement of rate cut
Emini and Forex Trading Update:Thursday October 31, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open and closed the gap above Friday’s high and last week’s high. The Emini was in a trading range day until the FOMC announcement. After the 11 am PST […]
Traders awaiting today’s Emini reaction to October FOMC rate cut
Emini and Forex Trading Update:Wednesday October 30, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed an outside up day and then an outside down day. It had several sharp moves up and down and formed a trading range day. But by closing below its midpoint, […]
Emini gap up ahead of October FOMC announcement
Emini and Forex Trading Update:Tuesday October 29, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to a new all-time high yesterday. Since yesterday was a Monday, there is also a gap up on the weekly chart. The bulls want a measured move up. Their minimum […]
Emini might go sideways into October FOMC
Emini and Forex Trading Update:Monday October 28, 2019 I will update again at the end of the day. Pre-Open market analysis On Friday, the Emini traded above the September high. Since it reversed up from below the September low early in the month, October is now an outside up bar on the monthly chart. That […]
