Emini and Forex Trading Update:Monday July 6, 2020 I will update again at the end of the day. Pre-Open market analysis June was the 3rd consecutive bull bar on the monthly chart. But since it has a small body, it was a doji bar. That represents a loss of momentum. It lowers the probability of […]
Emini outside up week but minor daily sell signal
Market Overview: Weekend Market Update The Emini rallied strongly this week to end as an Emini outside up week. But it is still in its month-long trading range. There is still a 50% chance of a selloff to below 2700 before the Emini makes a new high. The bond futures have been sideways for 4 […]
Emini has June unemployment report for catalyst today
Emini and Forex Trading Update:Thursday July 2, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull trending trading range day after 2 strong bull days. Although it closed in the middle of the day’s range, it was still a third consecutive bull trend day. That increases […]
Emini has weak buy signal ahead of June unemployment report tomorrow
Emini and Forex Trading Update:Wednesday July 1, 2020 I will update again at the end of the day. Pre-Open market analysis By going above Monday’s high yesterday, the Emini triggered a buy signal on the daily chart. I have been saying since Friday that the Emini would probably rally this week. Yesterday was a strong […]
Emini has doji candlestick on the monthly chart entering final day of June
Emini and Forex Trading Update:Tuesday June 30, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below last week’s low. This triggered a Low 2 top sell signal on the weekly chart. However, it immediately reversed up into a bull trend day. Yesterday is now a buy signal […]
Emini weak Low 2 top sell signal on weekly chart
Emini and Forex Trading Update:Monday June 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini’s 3 month rally has been losing momentum for several weeks. Traders expect a 50% retracement but think the Emini might have to test the gap above the February 24 high first. Last […]
Emini in Breakout Mode at end of 2nd quarter
Market Overview: Weekend Market Update The Emini is in breakout mode entering a seasonally bullish time of the year. But, it formed a strong sell signal bar on the weekly chart. If the bears get a big selloff next week, the Emini will probably work down below 2700 this summer. The bond futures market has […]
Emini High 1 buy signal bar after failed bear breakout
Emini and Forex Trading Update:Friday June 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up strongly yesterday from Wednesday’s break below the 7 day tight trading range. Yesterday is a buy signal bar for today. The Emini will probably go above yesterday’s high to […]
Emini has June lower high major trend reversal
Emini and Forex Trading Update:Thursday June 25, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday crashed on the 5 minute chart. On the daily chart, it triggered a lower high major trend reversal sell signal. Today is important. If today has a bear body on the daily chart, […]
Emini lower high major trend reversal at end of 2nd quarter
Emini and Forex Trading Update:Wednesday June 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered High 1 bull flag buy signals on both the daily and weekly charts yesterday. However, it reversed down from a wedge top after poking above last week’s high. It closed near […]
