Market Overview: Weekend Market Update The Emini reversed down on Friday. This might be the start of a 5% correction, but there could be one more brief new high first. Bond futures are reversing up but the rally will probably form a lower high. The EURUSD Forex market is trying to resume its 2 year […]
Emini pausing on weekly chart late in January buy climax
Emini and Forex Trading Update:Friday January 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a sell signal on the daily chart yesterday by trading below Wednesday’s low. However, after an early selloff, it reversed up. It was a 1 day pullback in a bull trend […]
Emini dojis bars represent loss of momentum in January rally
Emini and Forex Trading Update:Thursday January 23, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini made another new high yesterday, but it sold off after the 1st hour. Yesterday is a sell signal bar for today. It formed a Low 2 top with Friday. As I wrote […]
Emini micro double top in January buy climax
Emini and Forex Trading Update:Wednesday January 22, 2020 I will update again at the end of the day. Pre-Open market analysis Over the weekend, I said that this week would probably not form a big bull bar on the weekly chart. That is because the past 2 weeks were big bull bars. A 3rd one […]
Emini extreme buy climax in January so profit taking soon
Emini and Forex Trading Update:Tuesday January 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to another new high on Friday. But Friday was a small day and the buy climax has been extreme. That increases the chance of a week or two of profit-taking […]
Emini 5% correction could begin in 3 weeks
Market Overview: Weekend Market Update The Emini is accelerating up and it is above the top of the daily, weekly, and monthly bull channels. There is a 60% chance that 5% correction will start within a few weeks. The 30 year bond futures market is oversold and will probably bounce over the next couple weeks. […]
Emini gap above 3300 Big Round Number but buy climax
Emini and Forex Trading Update:Friday January 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped above the 3,300 Big Round Number yesterday, but spent most of the day going sideways. It was in a weak bull channel, but it trended up strongly into the close. The […]
Emini breaking above 3300 Big Round Number
Emini and Forex Trading Update:Thursday January 16, 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 4 months. That is a strong bull trend and the bulls have bought every 1 – 3 day selloff. Consequently, the downside risk […]
January Emini rally pausing on China tariff news
Emini and Forex Trading Update:Wednesday January 15, 2020 I will update again at the end of the day. Pre-Open market analysis Everybody knows that the Emini is in a buy climax on the daily chart. On the 5 minute chart, there was a huge Bear Major Surprise Bar yesterday at 10:40 pm PST. It was […]
Emini January rally is climactic but no top yet
Emini and Forex Trading Update:Tuesday January 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied from the open yesterday in a Small Pullback Bull Trend. After breaking to a new all-time high, there was some profit-taking and the rallied stalled. There was trend resumption up at […]
