Emini and Forex Trading Update:Wednesday June 26, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a Bear Trend From The Open day. It was also a bear channel. A bear channel typically has a bull breakout. Consequently, there is a 75% chance of at least a couple […]
Emini sideways at all-time high ahead of China talks
Emini and Forex Trading Update:Tuesday June 25, 2019 I will update again at the end of the day. Pre-Open market analysis By trading below Friday’s low, the Emini triggered a minor sell signal yesterday. The downside is small because the bull channel is tight. It could pull back to the tight trading range around 2900 […]
Emini weak breakout above May all time high
Emini and Forex Trading Update:Monday June 24, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini made 2 new all-time highs last week. Additionally, June is now a buy signal bar for July on the monthly chart. The bulls will try to have June close near its high […]
Emini consecutive outside bars forming July monthly oo buy signal
Market Overview: Weekend Market Update The Emini broke to a new all-time high this week. June is now a buy signal bar for July on the monthly chart. If July trades above June, the Emini will probably trade up for at least a couple more months. The crude oil futures market broke above the neck […]
Emini all-time high after June FOMC report
Emini and Forex Trading Update:Friday June 21, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday opened at a new all-time high, but then sold off and closed its big gap up. It then reversed back up and closed at a new all-time high. There are now consecutive outside […]
Emini June FOMC gap up to new all time high
Emini and Forex Trading Update:Thursday June 20, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday had a huge, brief rally on yesterday’s FOMC report, but then entered a broad bull channel. Yesterday as an inside bar on the daily chart and a buy signal bar for today. The […]
Emini awaiting today’s FOMC June interest rate decision
Emini and Forex Trading Update:Wednesday June 19, 2019 I will update again at the end of the day. Pre-Open market analysis Today’s 11 am PST FOMC announcement is unusually important. It could quickly lead to a new all-time high this week or a sharp reversal down. Traders should trade today in 2 pieces. What takes […]
Emini tight trading range before June FOMC meeting
Emini and Forex Trading Update:Tuesday June 18, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a 4th consecutive doji bar in a tight trading range. The daily chart is in Breakout Mode ahead of Wednesday’s FOMC meeting. Consequently, the odds of a bull breakout and of […]
Emini tight trading range ahead of June FOMC meeting
Emini and Forex Trading Update:Monday June 17, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways in a tight trading range. Last week’s candlestick pattern was a perfect doji bar on the weekly chart. That is neutral. Traders are waiting for Wednesday’s FOMC announcement before […]
Emini testing all time high ahead of June FOMC meeting
Market Overview: Weekend Market Update The Emini, like all financial markets, is waiting for Wednesday’s FOMC announcement. While the June rally has been strong, it still has not yet broken above the May all-time high. Wednesday’s report could lead to a breakout or a reversal down. The crude oil futures market sold off strongly for […]
