Emini and Forex Trading Update:Monday September 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini last week traded above the high of the week before and then below its low. Last week was an outside down candlestick on the weekly chart. That reduces the chance of a […]
Emini could form outside down candlestick in September
Market Overview: Weekend Market Analysis The SP500 Emini futures formed an outside down candlestick week and September might become an outside down month. Traders will sell rallies, expecting the selloff to reach 3,000 – 3,200. Bond futures are in the middle of a 6 month tight trading range. Traders are looking for reversals every few […]
Emini has double top bear flag and double bottom bull flag at 50 day MA
Emini and Forex Trading Update:Friday September 18, 2020 I will update again at the end of the day. Pre-Open market analysis By trading below Wednesday’s low yesterday, the Emini triggered a double top bear flag sell signal. But it reversed up from the 50 day MA, and yesterday is now a buy signal bar for […]
Emini double top bear flag
Emini and Forex Trading Update:Thursday September 17, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday broke above last week’s high, which triggered a weekly buy signal. But the setup was weak because last week was a bear bar after an outside down bar. Furthermore, the Emini reversed down […]
Emini neutral ahead of final FOMC meeting before election
Emini and Forex Trading Update:Wednesday September 16, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a small bear doji day near the top of a 6 day tight trading range. The bulls are trying to break above last week’s high and then test 3500. But the bears […]
Emini minor reversal up from September selloff to 50 day MA
Emini and Forex Trading Update:Tuesday September 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a tight trading range for 5 days just above the 50 day MA. Even though it is likely working down to below 3200, it is oversold and at support. […]
Emini bulls want September reversal up from 50 day MA
Emini and Forex Trading Update:Monday September 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday finally dipped below the 50 day MA. I have been saying that many bulls would not buy until they saw a reversal up from below the 50 day MA. Friday […]
Emini September selloff testing 50-day MA
Market Overview: Weekend Market Analysis The S&P500 Emini futures tested the 50-day moving average today. It should try to bounce early next week, but traders should still expect the selloff to eventually reach 3000 – 3200. Bond futures are in the middle of a 6 month trading range. Traders are looking for reversals every few […]
Emini bulls want 2nd leg up from September sell climax
Emini and Forex Trading Update:Friday September 11, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside down day yesterday. The bears are hoping that the bear trend is resuming. However, the bulls would like at least one more leg up after the 3 day sell […]
Emini strong minor bounce from September sell climax
Emini and Forex Trading Update:Thursday September 10, 2020 I will update again at the end of the day. Pre-Open market analysis Today is rollover day for the Emini. Most traders will trade September today and switch to December tomorrow. Yesterday reversed up strongly from Tuesday’s test of the July high. The bulls are hoping that […]
