Emini and Forex Trading Update:Wednesday October 7, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying for a month that 3400 – 3500 was the sell zone and that many traders wanted to wait for a break above the September 16 high before selling. Yesterday briefly […]

Emini and Forex Trading Update:Tuesday October 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above last week’s high and reached the 3400 Big Round Number. While traders expect the 2-week wedge rally to test the September 16 lower high this week, they also expect […]

Emini and Forex Trading Update:Monday October 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been trading around the February high for 2 months. Traders are deciding between a new high and a test of 3000. I talked about the President’s Covid infection over the weekend. […]

Emini and Forex Trading Update:Friday October 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini futures is testing resistance around the September 16 lower high and the 3400 Big Round Number. It is trying to hold above the February high and the 50-day MA. It is more […]

Emini and Forex Trading Update:Thursday October 1, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of October. The Emini in September formed an outside down month with a big bear body. That makes some sideways to down trading likely. But September had a big […]

Emini and Forex Trading Update:Wednesday September 30, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up from a small wedge bottom last week on the daily chart. It normally would have at least a small 2nd leg up. However, with the insanity of last night’s presidential […]

Emini and Forex Trading Update:Tuesday September 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the weekly chart and triggered a weak High 2 buy signal. It also triggered a wedge bull flag buy signal on the daily chart. Yesterday closed back above the […]

Emini and Forex Trading Update:Monday September 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is reversing up from a small wedge bottom on the daily chart. When Friday went above Thursday’s high, it triggered a minor wedge bottom buy signal. The rally should last a few […]

Emini and Forex Trading Update:Friday September 25, 2020 I will update again at the end of the day. Pre-Open market analysis Before yesterday’s open, I talked about the cluster of support at 3200. Support and resistance are magnets that draw the market to them. Yesterday dipped below 3200 and then rallied strongly back to the […]

Emini and Forex Trading Update:Thursday September 24, 2020 I will update again at the end of the day. Pre-Open market analysis I wrote over the weekend that traders would sell the 1st 1 – 3-day rally. Yesterday was the 3rd day up and traders sold the Emini aggressively all day. The Emini formed a big […]