Emini and Forex Trading Update:Monday July 8, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini closed at a new all-time high on the weekly chart last week. While it finally broke above my minimum target of 3000, it failed to close above it. On the daily chart, […]
Emini gap up triggered oo monthly buy signal
Emini and Forex Trading Update:Tuesday July 2, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday had a big gap up to a new all-time high, but sold off for 5 hours. There was a gap up on the weekly and monthly charts as well, but both closed during […]
Emini oo consecutive outside bar buy signal on monthly chart
Emini and Forex Trading Update:Monday July 1, 2019 I will update again at the end of the day. Pre-Open market analysis June is a buy signal bar on the Emini monthly chart. There is an oo bull flag (consecutive outside bars). If July goes above the June high, which it probably will given the likely […]
Emini’s June oo buy signal and expanding triangle top
Market Overview: Weekend Market Update The June bar on the Emini’s monthly candlestick chart has created an oo bull flag with May. However, if July does not go above the June high to trigger the buy signal, July will be both a buy and sell signal bar for August. The month-long rally in the crude […]
Emini weak bull flag ahead of G20 China talks
Emini and Forex Trading Update:Friday June 28, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed the 1st bull body on the daily chart in 5 days. After 4 consecutive bear bars, the odds are that this 1st rally attempt will fail within a couple days. […]
Emini 4 day pullback ahead of China trade talks
Emini and Forex Trading Update:Thursday June 27, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above Tuesday’s bear channel, which was likely. It then sold off in a bear channel and closed on its low. It was the 4th consecutive bear day in a reversal […]
Emini pullback from June breakout above double top
Emini and Forex Trading Update:Wednesday June 26, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a Bear Trend From The Open day. It was also a bear channel. A bear channel typically has a bull breakout. Consequently, there is a 75% chance of at least a couple […]
Emini sideways at all-time high ahead of China talks
Emini and Forex Trading Update:Tuesday June 25, 2019 I will update again at the end of the day. Pre-Open market analysis By trading below Friday’s low, the Emini triggered a minor sell signal yesterday. The downside is small because the bull channel is tight. It could pull back to the tight trading range around 2900 […]
Emini weak breakout above May all time high
Emini and Forex Trading Update:Monday June 24, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini made 2 new all-time highs last week. Additionally, June is now a buy signal bar for July on the monthly chart. The bulls will try to have June close near its high […]
Emini consecutive outside bars forming July monthly oo buy signal
Market Overview: Weekend Market Update The Emini broke to a new all-time high this week. June is now a buy signal bar for July on the monthly chart. If July trades above June, the Emini will probably trade up for at least a couple more months. The crude oil futures market broke above the neck […]
