Emini and Forex Trading Update:Tuesday July 16, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the 1st bar after gapping up to a new all-time high. But, the bear channel on the 5 minute chart was not strong. In the middle of the day, the […]
Emini parabolic wedge buy climax but no top yet
Emini and Forex Trading Update:Monday July 15, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini has rallied for 6 weeks and it is at a new all-time high. Since the bull trend has 4 legs up and the channel is tight, the rally is a parabolic wedge […]
Emini weak breakout above 19 month trading range
Market Overview: Weekend Market Update The Emini triggered an oo buy signal on the monthly chart when July traded above the June high. That makes sideways to up likely for a few months. The crude oil futures chart has rallied for 6 weeks in a yearlong trading range. It is now in the sell zone, […]
Emini doji bars so weak breakout above 3000
Emini and Forex Trading Update:Friday July 12, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had another trading range day yesterday. The bulls bought the early selloff, but were unable to rally strongly. The bears got a reversal down. Yet, the bulls bought the new low and […]
Emini parabolic wedge above 3000 but weak sell signal bar
Emini and Forex Trading Update:Thursday July 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up and rallied to a new high yesterday. It then sold off to a new low, but the gap stayed open. It reversed up and entered a trading range. By closing […]
Emini bull flag at 3000 but parabolic wedge top
Emini and Forex Trading Update:Wednesday July 10, 2019 I will update again at the end of the day. Pre-Open market analysis On the daily chart, the bears have a parabolic wedge top at the 3,000 Big Round Number. However, they do not have a good sell signal bar or a micro double top. The 3 […]
Emini Breakout Mode at 3000 Big Round Number
Emini and Forex Trading Update:Tuesday July 9, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down and formed a small trading range day yesterday after Friday’s bull reversal day. Big Down, Big Up creates Big Confusion. Yesterday’s trading range was the result. The bulls are struggling […]
Emini weak buy signal bar in wedge rally to 3000
Emini and Forex Trading Update:Monday July 8, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini closed at a new all-time high on the weekly chart last week. While it finally broke above my minimum target of 3000, it failed to close above it. On the daily chart, […]
Emini gap up triggered oo monthly buy signal
Emini and Forex Trading Update:Tuesday July 2, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday had a big gap up to a new all-time high, but sold off for 5 hours. There was a gap up on the weekly and monthly charts as well, but both closed during […]
Emini oo consecutive outside bar buy signal on monthly chart
Emini and Forex Trading Update:Monday July 1, 2019 I will update again at the end of the day. Pre-Open market analysis June is a buy signal bar on the Emini monthly chart. There is an oo bull flag (consecutive outside bars). If July goes above the June high, which it probably will given the likely […]
