Emini and Forex Trading Update:Friday March 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini sold off again yesterday to below the 3000 Big Round Number. But Wednesday had a bull body on the daily chart. It was therefore a weak sell signal bar. That increases the […]
Emini weak High 1 buy flag in March bear rally
Emini and Forex Trading Update:Thursday March 5, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside bar in last week’s reversal up from a sell climax. It is therefore a High 1 bull flag and a buy signal bar for today. Because the sell climax […]
Emini lacks confidence in Powell and his rate cut
Emini and Forex Trading Update:Wednesday March 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly early on the Fed interest rate cut, but then sold off. It retraced about half of the 3 day rally. Yesterday was probably just a pullback from Monday’s rally. There […]
Emini short covering in absence of bad coronavirus news
Emini and Forex Trading Update:Tuesday March 3, 2020 I will update again at the end of the day. Pre-Open market analysis As I said was likely, yesterday was a bull trend day. Since last week’s collapse was so severe, there will probably be more short covering today or later this week. However, there is currently […]
Emini short covering rally in 1st week of March
Emini and Forex Trading Update:Monday March 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini collapsed last week. It is now down in the March to October trading range. Traders looked at that as a fair price. They probably will again. Consequently, the Emini might begin to […]
Emini has 30% chance of 30-50% correction from coronavirus pandemic
Market Overview: Special weekend report about the 2020 selloff Containment of the coronavirus probably will not work. A vaccine is the realistic solution, but that is many months away. This could be the worst pandemic since the 1918 flu, which killed 50 million people. The Emini sold off strongly this week. Traders should expect a […]
Emini 12 percent correction at end of February
Emini and Forex Trading Update:Friday February 28, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday opened almost exactly at a 10% correction from the high. It rallied early but then sold off to close on its low and well below 3000. Yes, the selling is climactic and at […]
Emini outside down candlestick in February with bear body
Emini and Forex Trading Update:Thursday February 27, 2020 I will update again at the end of the day. Pre-Open market analysis After 2 huge days down, yesterday was a weaker bear trend day. There was a wedge bottom on the 5 minute chart. But, instead of reversing up, the Emini went sideways. That is a […]
Emini late February stock market crash on 5 minute chart
Emini and Forex Trading Update:Wednesday February 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini crashed on the 5 minute chart yesterday. Consecutive big selloffs like those of Monday and Tuesday typically attract profit takers and bargain hunters. This increases the chance of a bull trend today […]
Emini might form outside down month in February
Emini and Forex Trading Update:Tuesday February 25, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying throughout February that the rally was probably not a resumption of the 5 month bull trend. Instead, it looked more like a bull leg in a trading range that began […]
