Emini bear breakout below bull flag and wedge top I will update again at the end of the day. Pre-Open market analysis The Emini traded down for a couple of weeks from a 3 month wedge top. The bulls hoped the selloff was going to be a bull flag and lead to another leg up. […]

Emini double bottom bull flag just below resistance I will update again at the end of the day. Pre-Open market analysis Last week was the 2nd consecutive doji bar on the weekly chart. It is a buy signal bar for this week, but a bear doji bar is a low probability setup for a swing […]

Emini double bottom bull flag breakout pullback test of May 22 I will update again at the end of the day. Pre-Open market analysis This week triggered a sell signal on the weekly chart. In addition, by trading below Wednesday’s low, yesterday was an entry bar for a Low 1 sell signal on the daily […]

Emini daily bull flag after weekly wedge top I will update again at the end of the day. Pre-Open market analysis Yesterday was a small trading range day. Since Tuesday was a bull day that reversed up from the 20 day EMA, it was a buy signal bar on the daily chart. When yesterday went […]

Emini weak weekly sell signal and China trade war I will update again at the end of the day. Pre-Open market analysis The Emini gapped down yesterday. Since it again fell below last week’s low, it triggered the weekly sell signal for a 2nd time. However, it rallied from a double bottom and a test […]

Emini trading range at start of China trade war I will update again at the end of the day Pre-Open market analysis Yesterday traded below last week’s low and therefore triggered a sell signal on the weekly chart. The weekly bears have a wedge rally and a double top bear flag. Yet, last week was […]

Emini weekly sell signal for wedge rally and double top I will update again at the end of the day Pre-Open market analysis Friday gapped down and triggered a minor sell signal on the daily chart. The daily chart was a wedge rally to just below the March high. The weekly chart has a small […]

Emini weekly candlestick chart creating weak sell signal for next week I will update again at the end of the day Pre-Open market analysis After Wednesday’s big outside down day, yesterday was an inside day and a trading range day. It is therefore both a buy and sell signal bar for today on the daily […]

Emini testing 2800 Big Round Number and major lower high I will update again at the end of the day Pre-Open market analysis The Emini daily chart had an outside down day yesterday that closed below Tuesday’s low. It is therefore a sell signal bar for today. Furthermore, yesterday was the 3rd leg up in […]

Emini in breakout mode at 2800 ahead of FOMC today I will update again at the end of the day Pre-Open market analysis Yesterday was another mostly sideways day. Traders are waiting for today’s 11 a.m. PST FOMC announcement. The bulls want a breakout above the March high and 2800. However, the bears always want […]