Emini testing 2800 ahead of North Korea summit and FOMC I will update again at the end of the day Pre-Open market analysis The Emini had a weak rally yesterday, but reversed down at the end of the day. While it is a sell signal bar on the daily chart, it has a bull body. […]

Emini sideways ahead of North Korean summit and FOMC I will update again at the end of the day Pre-Open market analysis The Emini rallied for 2 weeks and broke above a 3 month triangle. It is getting drawn up to resistance at the March high, just above 2800. Despite the rally, the Emini might […]

Emini weak sell signal bar ahead of FOMC meeting next week I will update again at the end of the day Pre-Open market analysis The Emini sold off yesterday after Wedesday’s buy climax, but it reversed back up late in the day. Since it has a bear body, it is a sell signal bar on […]

Emini bull breakout ahead of next week’s FOMC meeting I will update again at the end of the day Pre-Open market analysis Yesterday was another bull trend day. The odds are that the rally will continue up to the March high, just above 2800. However, if so, there will probably be 1 – 2 day […]

Emini outside up day and test of Monday’s gap I will update again at the end of the day Pre-Open market analysis Yesterday began as an outside down day on the daily chart. However, it reversed back up and it was therefore also an outside up day. The bears tested the gap below Monday’s low, […]

Emini buy signal on weekly chart for test of 2800 I will update again at the end of the day Pre-Open market analysis By breaking above last week’s high yesterday, the bulls triggered a weekly buy signal. But, yesterday was not a big bull trend day. Therefore this week is not yet a strong entry […]

Weekly Emini chart pullback from triangle breakout I will update again at the end of the day Pre-Open market analysis The candle stick on the weekly chart last week closed near its high. It is therefore a buy signal bar for a 3 bar pullback from a breakout above a 3 month triangle. The odds […]

Emini pullback in bull trend despite Italy financial crisis I will update again at the end of the day Pre-Open market analysis After Wednesday’s strong reversal up, yesterday had a weak selloff. It is therefore more likely a pullback from Wednesday’s rally than a bear reversal. Yesterday was the last day of the month. While […]

Emini technical sell climax after Italy and Euro fears I will update again at the end of the day Pre-Open market analysis The Emini had a sell climax yesterday, but it was more likely based on technical factors than fundamentals. While it weakens the bull’s case, the odds are that the selloff of the past […]

Emini possible outside down week in 4 month trading range I will update again at the end of the day Pre-Open market analysis While the Emini gapped down yesterday, it reversed up and did not trade below last week’s low. The rally from the May 3 low was strong enough so that there is a […]