Emini and Forex Trading Update:Wednesday May 29,2019 I will update again at the end of the day. Pre-Open market analysis Yesterday began a break below the neck line of a 3 month head and shoulders top. If today is a big bear trend day, the odds will favor a closure of the gap above the […]
Emini testing neck line of head and shoulders top
Emini and Forex Trading Update:Tuesday May 28, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off on Thursday and had a bear follow-through bar on Friday. The bears hope that the selloff will break below the May 13 low, which is the neck line of a […]
Emini head and shoulders top target is 2650
Market Overview: Weekend Market Update The Emini has been sideways for 4 weeks. It might have begun its 2nd leg down from its 4 month buy climax. There is a 40% chance of a head and shoulders top measured move down to 2650. Crude oil had a surprisingly big bear breakout this week. The odds […]
Emini breakout below May triangle after big double top
Emini and Forex Trading Update:Friday May 24, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off in a bear channel yesterday. It broke below the 2 week triangle on the daily and 60 minute charts. If the bears get follow-through selling over the next few days, […]
Emini small triangle and head and shoulder bottom
Emini and Forex Trading Update:Thursday May 23, 2019 I will update again at the end of the day. Pre-Open market analysis The daily chart is at the apex of a 2 week triangle. That is a neutral pattern. Yet, there have been 7 consecutive bull bars on the daily chart. This is unusual when a […]
Emini buying pressure in 3 week correction
Emini and Forex Trading Update:Wednesday May 22, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed a sixth consecutive bull trend bar yesterday on the daily chart. That is unusual because it has been in a trading range for 2 weeks. Normally, there would be a bear […]
Emini deciding between all time high and February 11 gap
Emini and Forex Trading Update:Tuesday May 21, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down, but reversed up in a weak rally on the open. It spent most of the day going sideways to down in a weak bear channel. However, it rallied into the closed. […]
Emini minor rally before possible test of February 8 gap
Emini and Forex Trading Update:Monday May 20, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had an early rally again Friday, and then sold off, like it did on Thursday. However, 7 of the past 8 days had bull bodies on the daily chart. That is a […]
Emini likely lower high minor reversal down to February gap
Market Overview: Weekend Market Update The Emini is trying to resume its strong bull trend, but a lower high is more likely. A reasonable target for the bottom of this correction is the February 11 high, which is the bottom of a gap up. Crude oil has gone mostly sideways for 2 weeks after a […]
Emini bear rally testing 2900 but lower high likely
Emini and Forex Trading Update:Friday May 17, 2019 I will update again at the end of the day. Pre-Open market analysis For the past few days, I have been saying that the Emini would test last Friday’s high. It achieved that goal yesterday. Can it continue up to a new all-time without forming a 2nd […]
