Market Overview: Weekend Market Update The June bar on the Emini’s monthly candlestick chart has created an oo bull flag with May. However, if July does not go above the June high to trigger the buy signal, July will be both a buy and sell signal bar for August. The month-long rally in the crude […]
Emini weak bull flag ahead of G20 China talks
Emini and Forex Trading Update:Friday June 28, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed the 1st bull body on the daily chart in 5 days. After 4 consecutive bear bars, the odds are that this 1st rally attempt will fail within a couple days. […]
Emini 4 day pullback ahead of China trade talks
Emini and Forex Trading Update:Thursday June 27, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above Tuesday’s bear channel, which was likely. It then sold off in a bear channel and closed on its low. It was the 4th consecutive bear day in a reversal […]
Emini pullback from June breakout above double top
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 […]
