Emini and Forex Trading Update:Thursday December 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday closed in the middle of its range, like the majority of days since late October. The yearend Small Pullback Bull Trend bull channel that began on November 10 could continue up […]
Emini inside bar is High 1 bull flag buy signal bar for yearend rally
Emini and Forex Trading Update:Wednesday December 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini’s low yesterday was above Monday’s low, and its high was below Monday’s high. Tuesday was therefore an Emini inside bar, an inside day. Since the Emini closed near its high, it is […]
Emini yearend tight trading range around open of the month
Emini and Forex Trading Update:Tuesday December 15, 2020 I will update again at the end of the day. Pre-Open market analysis Since yesterday was in a tight bear channel on the 5-minute Emini chart, the selloff was climactic. Therefore, day traders will expect at least a couple hours of sideways to up trading today, to […]
Emini December OO sell signal might fail
Emini and Forex Trading Update:Monday December 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered an OO sell signal when Thursday traded below Wednesday’s low. But both Thursday and Friday were bull days. That increases the chance that the sell signal will fail. Friday is a […]
Emini weak High 1 bull flag after triggering OO sell signal yesterday
Emini and Forex Trading Update:Friday December 11, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Wednesday’s low, which triggered an OO sell signal on the daily chart. But yesterday reversed up and closed with a small bull body. It is a weak High 1 bull flag […]
Emini has consecutive outside bars at the all-time high at the end of the year
Emini and Forex Trading Update:Thursday December 10, 2020 I will update again at the end of the day. Pre-Open market analysis Tuesday traded below Monday’s low and then above its high. It was therefore an outside day. Yesterday reversed down from above Tuesday’s high and traded below Tuesday’s low. It was therefore an outside down […]
Emini has no top yet in micro wedge and Small Pullback Bull Trend
Emini and Forex Trading Update:Wednesday December 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up day yesterday and made another new all-time high. However, there have been consecutive strong bull bars only once since October 12, and that reduces the chance of a […]
Emini nested wedge top but yearend small pullback bull trend
Emini and Forex Trading Update:Tuesday December 8, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside bar yesterday. It is a sell signal bar for a nested wedge top on the daily chart. But yesterday was only a bear doji, and the prior 5 days […]
Emini micro wedge rally with December pullback likely
Emini and Forex Trading Update:Monday December 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini weekly and monthly charts are in bull trends, and the bulls want the year to close near its high. Additionally, there are 5 consecutive bull bars on the daily chart, and last […]
Emini forming micro wedge top in early December rally to new all-time high
Emini and Forex Trading Update:Friday December 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday made another new all-time high, but closed below the old high. However, it closed 1 tick above yesterday’s close, and therefore made a new all-time highest close. This is a subtle […]
