Emini and Forex Trading Update:Friday July 19, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong reversal up after Wednesday’s big bear day. I said yesterday before the open that the bears would not get immediate follow-through selling because of the strong bull trends on the […]
Emini breaking below bull trend line and parabolic wedge climax
Emini and Forex Trading Update:Thursday July 18, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a spike and channel bear trend day on the 5 minute chart. Also, it was a surprisingly big bear day on the daily chart. A Bear Surprise Day typically has at least […]
Emini parabolic wedge sell signal triggered Tuesday
Emini and Forex Trading Update:Wednesday July 17, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday. Traders are deciding if this is the start of a 2 – 3 week pullback. Because the daily chart has a parabolic wedge top, the odds favor a couple […]
Emini parabolic wedge buy climax above 3000 Big Round Number
Emini and Forex Trading Update:Tuesday July 16, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the 1st bar after gapping up to a new all-time high. But, the bear channel on the 5 minute chart was not strong. In the middle of the day, the […]
Emini parabolic wedge buy climax but no top yet
Emini and Forex Trading Update:Monday July 15, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini has rallied for 6 weeks and it is at a new all-time high. Since the bull trend has 4 legs up and the channel is tight, the rally is a parabolic wedge […]
Emini weak breakout above 19 month trading range
Market Overview: Weekend Market Update The Emini triggered an oo buy signal on the monthly chart when July traded above the June high. That makes sideways to up likely for a few months. The crude oil futures chart has rallied for 6 weeks in a yearlong trading range. It is now in the sell zone, […]
Emini doji bars so weak breakout above 3000
Emini and Forex Trading Update:Friday July 12, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had another trading range day yesterday. The bulls bought the early selloff, but were unable to rally strongly. The bears got a reversal down. Yet, the bulls bought the new low and […]
Emini parabolic wedge above 3000 but weak sell signal bar
Emini and Forex Trading Update:Thursday July 11, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up and rallied to a new high yesterday. It then sold off to a new low, but the gap stayed open. It reversed up and entered a trading range. By closing […]
Emini bull flag at 3000 but parabolic wedge top
Emini and Forex Trading Update:Wednesday July 10, 2019 I will update again at the end of the day. Pre-Open market analysis On the daily chart, the bears have a parabolic wedge top at the 3,000 Big Round Number. However, they do not have a good sell signal bar or a micro double top. The 3 […]
Emini Breakout Mode at 3000 Big Round Number
Emini and Forex Trading Update:Tuesday July 9, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down and formed a small trading range day yesterday after Friday’s bull reversal day. Big Down, Big Up creates Big Confusion. Yesterday’s trading range was the result. The bulls are struggling […]
