Emini and Forex Trading Update:Friday May 10, 2019 I will update again at the end of the day. Pre-Open market analysis There were strong bull days on Thursday and Friday last week. However, the Emini yesterday opened near Friday’s low and sold off to test the 2800 Big Round Number. A bear break below a […]
Emini micro double bottom after closing gap above March 29 high
Emini and Forex Trading Update:Monday May 13, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had a big outside up day on Friday. This was after Thursday’s bull reversal after closing the Gap above the March 29 high. After May 1 formed a consecutive outside down sell […]
Emini monthly double top but weak sell setup
Market Overview: Weekend Market Update The Emini formed a micro double bottom at important support this week. If the bulls get follow-through buying this week, there will probably be a test of 3,000 in May. The crude oil daily chart has probably entered a trading range. It is searching for a bottom. The legs up […]
Emini in breakout mode ahead of Trump Chinese tariff announcement
Emini and Forex Trading Update:Thursday May 9, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a weak follow-through day for the bulls. On Tuesday, they had a strong reversal up after a dip below the March high. But yesterday’s rally had a lot of trading range price […]
Emini selloff testing March breakout point and gap
Emini and Forex Trading Update:Wednesday May 8, 2019 I will update again at the end of the day. Pre-Open market analysis I have been saying for several weeks that the Emini probably had to pull back below the March 21 high. This is because the Emini pulled back below breakout points several times this year. […]
Emini High 2 bull flag but still on oo top sell signal
Emini and Forex Trading Update:Tuesday May 7, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday opened with a huge gap down, but the Emini reversed up and formed a big bull trend day. In part, the rally was from bears who were relieved to finally have a profit. […]
Emini consecutive outside bars minor top at all-time high
Emini and Forex Trading Update:Monday May 6, 2019 I will update again at the end of the day. Pre-Open market analysis I wrote last week that there were consecutive outside bars on the daily chart. I said that it would probably lead to a couple legs of sideways to down trading over the next 2 […]
Emini consecutive outside bars means an oo top
Market Overview: Weekend Market Update The Emini triggered an “oo top” sell signal this week when Thursday traded below consecutive outside bars on the daily chart. It will probably trade down for 2 – 3 weeks, even if there is one more minor new high first. Crude oil began a correction from a 4 month […]
Emini oo sell signal after consecutive outside bars
Emini and Forex Trading Update:Friday May 3, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off sharply early yesterday, but reversed up from a parabolic wedge sell climax at the 20 day EMA. On the daily chart, it closed with a small bear body. It is […]
Emini exact test of all-time high after FOMC announcement
Emini and Forex Trading Update:Thursday May 2, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini rallied yesterday up to the all-time high before and again after the FOMC report. It exactly hit 2956.00 twice and turned down both times. Yesterday was an outside down day after Tuesday’s […]
