Market Overview: Weekend Market Analysis The SP500 Emini futures market has an outside up bar in October after an outside down bar in September, the 2nd consecutive outside bar on the monthly chart. Traders should expect at least slightly higher prices in November. The EURUSD Forex market is reversing up from below its yearlong trading […]
Emini testing September all-time high
Trading Update: Thursday October 21, 2021 Emini pre-open market analysis Emini daily chart Yesterday rallied to within a few points of the September all-time high, but it closed in the middle of the day’s range. The 3-week rally has been strong enough to make a new high likely within a few days. It could come […]
Emini breaking above lower high of September 3
Trading Update: Tuesday October 19, 2021 Emini pre-open market analysis Emini daily chart Yesterday traded below Friday’s low and then above Friday’s high, making it an outside up day. It was the 4th consecutive bull day. Since it closed above Friday’s high, there is an increased chance of at least slightly higher prices today with […]
Emini breakout mode with double top and double bottom on daily chart
Al added some comments Market Overview: Weekend Market Analysis SP500 Emini Breakout Mode with both double top and double bottom flags on the daily chart. There is a 50% chance of a successful bull breakout and a 50% chance of a successful bear breakout. The EURUSD Forex is in a 2 week tight trading range. […]
Emini got back above 50-day MA yesterday, as expected
Trading Update: Friday October 15, 2021 Emini pre-open market analysis Emini daily chart There are 2 things that traders are watching most closely. The first is the 50-day moving average (MA). The Emini is now above 50-day MA. Next is the trading range that began with the September 20 low. I have been saying for […]
Emini in middle of September/October trading range
Trading Update: Wednesday October 13, 2021 Emini pre-open market analysis Emini daily chart Trading range since September 20 low. There is a lower low double bottom (September 20/October 4) and a lower high double top (September 23/October 7). In middle of September/October trading range. Breakout Mode, which means 50% chance of successful bull breakout and […]
Emini weak High 1 buy signal but in middle of 4-month trading range
Trading Update: Monday October 11, 2021 Emini pre-open market analysis Emini daily chart Friday triggered a weak Low 2 sell signal. With Friday closing near its low, there is an increased chance of at least slightly lower prices today. Bears want gap down today or this week so that there would be an island top […]
Emini double top bear flag forming after double bottom bull flag
Market Overview: Weekend Market Analysis The SP500 Emini futures market is in a trading range with both an Emini double top bear flag and a double bottom bull flag. There is a 50% chance that a 15% correction is underway. The EURUSD Forex has weak bear follow-through on the weekly chart. It should test the […]
Emini reversed down from 50-day MA after reversing up from 100-day MA
Trading Update: Friday October 8, 2021 Emini pre-open market analysis Emini daily chart Big gap up yesterday, creating a 7-day island bottom with the September 23 gap down. If it gaps down today, yesterday will be a 1-day island top. It is important to note that most island tops and bottoms are minor signals. Emini […]
Emini in tight trading range at bottom of 3-month trading range
Trading Update: Wednesday October 6, 2021 Emini pre-open market analysis Emini daily chart Emini rallied yesterday, as I said was likely. The Emini turned up from a double bottom with the September 20 low and from the bottom of a 2-month Emini tight trading range. It is also reversing up from the 100-day MA and […]
