Emini and Forex Trading Update:Wednesday May 13, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday traded above Monday’s high and then below its low. It was therefore an outside down day. What is interesting is that Monday was an outside up day. Consecutive outside days (an […]
Emini outside up day testing April High
Emini and Forex Trading Update:Tuesday May 12, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside up day, which is a sign of strong bulls. The key price is the April high. The bulls will probably break above it this week and maybe today. That would […]
Emini testing April high but test of 2600 soon
Emini and Forex Trading Update:Monday May 11, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is deciding what to do with the April high. There is a High 1 bull flag on the Monthly chart. The buy signal triggers if May goes above the April high. Last […]
Emini forming likely lower high after April nested wedge top
Emini and Forex Trading Update:Friday May 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and formed a trading range day. The bulls want a break above the April high. It is very important on the daily, weekly, and monthly charts. Since April is a High […]
Emini still sideways after April nested wedge top
Emini and Forex Trading Update:Thursday May 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday traded below Tuesday’s low. That triggered a sell signal on the daily chart. This week triggered a minor sell signal on the weekly chart when Monday traded below last week’s low. […]
Emini May rally but likely lower high
Emini and Forex Trading Update:Wednesday May 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied yesterday, but reversed down from around the 20 week EMA. Yesterday’s candlestick is a Low 1 sell signal bar for today. However, it was only a doji bar on the daily […]
Emini minor sell signal in May at 20 week EMA
Emini and Forex Trading Update:Tuesday May 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini traded below last week’s low yesterday. That triggered a minor sell signal on the weekly chart. But since there is a 6 bar bull micro channel, the reversal down should be minor. […]
Emini April nested wedge top is minor sell signal
Emini and Forex Trading Update:Monday May 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down last week from a nested wedge top on the daily chart. This is probably the start of a 2 – 3 week pullback to around 2600. Since the 6 week […]
Emini April rally has nested wedge buy climaxes at resistance
Emini and Forex Trading Update:Friday May 1, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down yesterday, but was sideways for most of the day. There is a wedge buy climax on the 60 minute chart. It is nested within a bigger wedge buy climax on […]
Emini rally in April erased the March crash
Emini and Forex Trading Update:Thursday April 30, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying that the Emini probably had to test the weekly EMA before there would be a 2 – 3 week pullback. The 7 week bull micro channel is extreme and it […]
