Emini and Forex Trading Update:Wednesday January 6, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside day after Monday was a huge outside down day. It is therefore an ioi buy signal bar for today (inside-outside-inside). But, remember, Thursday and Monday were consecutive outside bars. […]
Emini failed gap up on daily, weekly, monthly, and yearly charts
Emini and Forex Trading Update:Tuesday January 5, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to a new all-time high on the daily, weekly, monthly, and yearly charts. However, the Emini immediately sold off and formed a big bear trend — a failed gap up. Yesterday […]
Emini will probably gap up today on the yearly, monthly, weekly, and daily charts today
Emini and Forex Trading Update:Monday January 4, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up day on Thursday, which was the final trading day of 2020. More importantly, the Emini closed at a new all-time high. The bulls hope for an Emini gap […]
Emini closed 2020 on high, and might gap to new high on yearly, monthly, weekly, and daily charts on Monday
Market Overview: Weekend Market Analysis The SP500 Emini futures chart closed 2020 at a new all-time high. That increases the chance of a gap up next week on the daily, weekly, monthly, and yearly charts. However, if there is a strong rally in early January, it will probably soon lead to a profit-taking pullback down […]
Emini IOI Breakout Mode on final day of 2020
Emini and Forex Trading Update:Thursday December 31, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an inside bar and it followed an outside bar. There is now an IOI (inside-outside-inside) pattern on the daily chart — an IOI Breakout Mode pattern. With today being the final trading […]
Emini bull trend, but bears want a reversal down at end of 2020
Emini and Forex Trading Update:Wednesday December 30, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside down day, and a reversal down from the top of the bull channel that began with the November 9 high. If today trades below yesterday’s low, it will trigger a […]
Emini all-time high with 3 days left in 2020
Emini and Forex Trading Update:Tuesday December 29, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to a new Emini all-time high. It triggered High 1 buy signals on the daily and weekly charts. Since yesterday was a bull day, there is an increased chance of higher […]
Emini daily and weekly High 1 bull flags at end of 2021
Emini and Forex Trading Update:Monday December 28, 2020 I will update again at the end of the day. Pre-Open market analysis Last Thursday (pre-Christmas holiday) was a bull inside bar on the daily chart, after a big bull day a week ago. Today is a High 1 buy signal bar in a Small Pullback Bull […]
The Emini might finish 2020 at new all-time high
Market Overview: Weekend Market Analysis The SP500 Emini futures are at a measured move target, and there is a nested wedge top on the weekly chart. Also, the 5-week rally on the daily chart has not been very strong. Traders should expect a pullback to below 3500 to begin by early January after a possible […]
Emini momentum falling at top of December trading range
Emini and Forex Trading Update:Thursday December 24, 2020 I will update again at the end of the day. Pre-Open market analysis It is important to note that today closes at 10:15 am PST. Yesterday was a small bear reversal day on the daily chart, with Emini momentum falling, and it is a sell signal bar […]
