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 […]
Emini February Low 2 sell signal bar on weekly chart
Emini and Forex Trading Update:Monday February 24, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying for a couple weeks that the February rally looks more like a bull leg in what will be seen as a trading range than a resumption of the 5 month […]
Emini February rally might be bull leg in trading range
Market Overview: Weekend Market Update 30 year Treasury bond Futures market:Testing October high, but wedge rally The 30 year Treasury bond futures has rallied in February to near the August all-time high. However, the rally comes after 4 consecutive bear bars on the monthly chart (not shown). When that is the case, there is usually […]
Emini reversing down from 3400 big round number
Emini and Forex Trading Update:Friday February 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday had a surprisingly strong selloff. After the sell climax, it rallied in a bull channel and closed around the open of the week. This week currently a doji bar on the […]
Emini trying to break above 3400 Big Round Number
Emini and Forex Trading Update:Thursday February 20, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a High 1 bull flag buy signal yesterday by going above Friday’s high. The bulls want a strong breakout above the 3400 Big Round Number. Yesterday got near that target. Traders […]
Emini stalled at 3400 Big Round Number for 6 days
Emini and Forex Trading Update:Wednesday February 19, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a Small Pullback Bull Trend for 3 weeks. Yesterday was a 1 day pullback. It is High 1 bull flag buy signal bar for today. However, the Emini has […]
Emini wedge rally in February but no top yet
Emini and Forex Trading Update:Tuesday February 18, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied for the past 2 weeks after a 4% correction in January. The bulls hope that this is the resumption of the 4 month bull trend. However, that 4% selloff was unusual. […]
Emini testing 3400 but possible minor wedge top
Market Overview: Weekend Market Update The Emini has rallied strongly for 2 weeks, but the rally might be a bull leg in the January trading range. However, there is currently only a 30% chance that February will reverse back down to the low of the month in the final 2 weeks. The bond futures market […]
Emini February wedge rally testing 3400
Emini and Forex Trading Update:Friday February 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up day and another new all-time high. However, it sold off to close in the middle of the day’s range. The bulls hope that the 2 week rally is […]
Emini wedge rally but 3400 magnet above
Emini and Forex Trading Update:Thursday February 13, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini made another new all-time high yesterday but traded in a trading range for most of the day. The bulls got a late rally into the close. There is a wedge top on […]
