Emini and Forex Trading Update:Wednesday March 31, 2021 Pre-Open market analysis of daily chart Yesterday was a pullback from a 3-day rally. It is therefore a High 1 bull flag buy signal bar. However, it had only a small bull body, making it a fairly neutral day (doji day). It is a lower probability buy […]
Emini triggered weekly High 1 buy signal going into end of 1st quarter
Emini and Forex Trading Update:Tuesday March 30, 2021 Pre-Open market analysis of daily chart Bulls failed to get gap up on weekly chart yesterday, but yesterday was a good bull day on daily chart. Increased chance of new all-time high, and test 4,000 today or this week. End of the quarter window dressing rally is […]
Emini strong end of 1st quarter window dressing
Emini and Forex Trading Update:Monday March 29, 2021 Pre-Open market analysis of daily chart Wednesday is the end of the 1st quarter, and there has been a 1st quarter window dressing rally since Thursday. The buying could continue all week. Despite Friday’s strong rally into the close, the Emini will probably not gap up to […]
Emini buy signal bar at test of open of March and 50% pullback
Emini and Forex Trading Update:Friday March 26, 2021 Pre-Open market analysis of daily chart Reversed up from 50% pullback from 3-week rally, and from test to below open of the month. Yesterday is an Emini buy signal bar for a 2-week High 2 bull flag. Bulls want end of the quarter window dressing to lead […]
Emini in Breakout Mode at end of 1st quarter
Emini and Forex Trading Update:Thursday March 25, 2021 Pre-Open market analysis of daily chart Higher high major trend reversal with February high. Yesterday was big bear bar closing on its low. If today is another big bear day, especially if it is very big, odds will favor 10% correction down to 3,700 at bottom of […]
Emini in trading range around February high
Emini and Forex Trading Update:Wednesday March 24, 2021 Pre-Open market analysis of daily chart Yesterday was a bear day but it had a prominent tail below. The Emini traded below Monday’s low and 3,900 Big Round Number, but closed above both, and therefore was not as bearish as it could have been. Emini in trading […]
Emini High 1 bull flag buy signal at end of 1st quarter
Emini and Forex Trading Update:Tuesday March 23, 2021 Pre-Open market analysis of daily chart Yesterday triggered High 1 bull flag buy signal on daily chart near end of 1st quarter. Magnets above are the 3,950 and 4,000 Big Round Numbers, and last week’s all-time high. Bulls hope there will be enough end-of-quarter window dressing to […]
Emini weekly double top sell signal at end of 1st quarter
Emini and Forex Trading Update:Monday March 22, 2021 Pre-Open market analysis of daily chart Weekly double top sell signal bar on weekly chart. But prominent tail below bar, tight bull channel, and 4,000 magnet above so probably minor reversal. Daily chart has High 1 bull flag pullback to 20-day EMA, and 3,900 Big Round Number, […]
Emini micro wedge top just below 4,000 Big Round Number
Emini and Forex Trading Update:Friday March 19, 2021 Pre-Open market analysis of daily chart Yesterday was a bear day after a 5-day Emini micro wedge top. It opened near Wednesday’s open, and Wednesday was a big bull day. A big bear day after a big bull day with very little overlap of the bodies means […]
Emini outside up day formed just below 4,000 Big Round Number
Emini and Forex Trading Update:Thursday March 18, 2021 I will update again at the end of the day. Pre-Open market analysis of daily chart Yesterday traded below Tuesday’s low and then above its high following the FOMC announcement. Yesterday was therefore an Emini outside up day. The Emini also made another new all-time high. 10-day […]
