Emini and Forex Trading Update:Friday August 30, 2019 There will be no update at the end of the day due to Al travelling. Pre-Open market analysis I have been writing about the importance of the monthly chart since June went outside up after May was outside down. July triggered the oo bull flag buy signal […]
Emini bad stop entry setups within August tight trading range
Emini and Forex Trading Update:Thursday August 29, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a minor sell signal yesterday by trading below Tuesday’s low. But, I said that it was a weak sell setup since it was a big bear bar in the bottom third […]
Emini stalled in middle of August trading range
Emini and Forex Trading Update:Wednesday August 28, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a buy signal on the daily chart. But I said before yesterday’s open that it was a weak setup. Entering with stops in the middle of a 4 week trading range is […]
Emini pause after Friday Spike and Channel Bear Trend
Emini and Forex Trading Update:Tuesday August 27, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside day on the daily chart. It is therefore a buy signal bar for today. The bulls hope that Friday was a bear trap and that June/July bull trend is […]
Emini bear breakout in trade war but in trading range
Emini and Forex Trading Update:Monday August 26, 2019 I will update again at the end of the day. Pre-Open market analysis Friday had a surprisingly strong selloff. When a selloff is that strong, there is a 60% chance of lower prices over the next few days. But there is a 40% chance that it is […]
Emini weekly sell signal bar but within August trading range
Market Overview: Weekend Market Update The Emini had a strong selloff on Friday, but it is still within its 3 week trading range. While the odds favor a break below the August low and 2800 within a few weeks, until there is a breakout, there is no breakout. There is a 40% chance that Friday […]
Emini outside up bar at top of 3 week range
Emini and Forex Trading Update:Friday August 23, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside day and a doji day on the daily chart, which is neutral. The Emini is at the top of a 3 week trading range. But the momentum up on the […]
Emini has room to top of August trading range
Emini and Forex Trading Update:Thursday August 22, 2019 I will update again at the end of the day. Pre-Open market analysis With yesterday’s close at the high of the day, there is an increased chance of at least slightly higher prices today in the Emini. However, the Emini is now near the top of its […]
Emini testing 2900 below and August double top above
Emini and Forex Trading Update:Wednesday August 21, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off in a bear channel yesterday, but were unable to close the gap above Friday’s high. The selloff is more likely a pullback from last week’s rally than a resumption of […]
Emini bear rally testing resistance around 2950
Emini and Forex Trading Update:Tuesday August 20, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up and rallied for the 1st half of the day. But there was a lot of trading range price action and the day closed exactly at the open. This formed a […]
