Emini and Forex Trading Update:Wednesday March 17, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a small bear doji bar yesterday. This is an Emini Low 2 top with Thursday’s high. The bears see it as a 2nd failed breakout. But the 9-day bull channel is […]
Emini triggered High 1 buy signal just below 4,000
Emini and Forex Trading Update:Tuesday March 16, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bull bar that closed near its high yesterday, and this is within a strong 8-day rally (Emini triggered High 1 buy signal). The bulls want the Emini to break strongly […]
Emini High 1 bull flag buy signal just below 4,000 Big Round Number
Emini and Forex Trading Update:Monday March 15, 2021 I will update again at the end of the day. Pre-Open market analysis As was likely, Friday pulled back from a new high and a 6-bar bull micro channel on the daily chart. Also, there were buyers below Friday’s low. Friday is now a High 1 bull […]
Emini should test the 4,000 Big Round Number next week
Market Overview: Weekend Market Analysis The SP500 Emini futures market broke to a new all-time high this week, and it should test 4000 Big Round Number next week. Friday is a High 1 bull flag buy signal bar on the daily chart. The Bond futures market has gone sideways for 3 weeks in a sell […]
Emini breakout to new high just below 4,000 magnet
Emini and Forex Trading Update:Friday March 12, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini broke to a new all-time high yesterday, but failed to close at a new high. The break above the February 24 lower high erased the bearishness of last week’s 3 consecutive bear […]
Emini stuck at the 3,900 Big Round Number since early February
Emini and Forex Trading Update:Thursday March 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a small bull doji bar yesterday on the daily chart. It tested the 3,900 Big Round Number, like most days since early February. It is also testing the February 24 lower […]
Emini forming another lower high since February top
Emini and Forex Trading Update:Wednesday March 10, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a trading range since early February. There have been many strong legs up and down, but every one reversed. Yesterday was another example. The Emini rallied but could not […]
Emini big reversals in middle of 3-week trading range
Emini and Forex Trading Update:Tuesday March 9, 2021 I will update again at the end of the day. Pre-Open market analysis With the Emini reversing every few days, traders expect the 2-month trading range to continue indefinitely. The Emini is also in the middle of a 3-week trading range. They have been buying selloffs and […]
Emini wedge bull flag and micro double bottom
Emini and Forex Trading Update:Monday March 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big bull bar on Friday. Since it had a big tail below, Friday formed a micro double bottom with Thursday. It is a buy signal bar for today. But after […]
The Emini had 3 consecutive big bear bars, but there is a wedge bull flag
Market Overview: Weekend Market Analysis The SP500 Emini futures had 3 consecutive big bear bars (days) this week. However, the week also formed a wedge bull flag on Friday. The odds are still slightly greater for a bear breakout and a 10% correction, but a pair of consecutive big bull bars next week will make […]
