Emini and Forex Trading Update:Friday March 5, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed its 3rd consecutive big bear day on the daily chart yesterday. It temporarily dropped back below last year’s close, erasing the 2021 gains. On last Friday, I said that there is […]
Emini again formed consecutive big bear bars so March 10% correction likely
Emini and Forex Trading Update:Thursday March 4, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a sell signal on the daily chart when yesterday fell below Tuesday’s low. With 2 more consecutive bear bars with good-size bodies on the daily chart, the odds are back to […]
Emini has been oscillating around 3,900 for a month
Emini and Forex Trading Update:Wednesday March 3, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bear inside bar on the daily chart. It is a sell signal bar for today. If the Emini forms a 2nd consecutive big bear day today, the probability of a 10% […]
Emini reversal up above 3,900 after consecutive big bear days
Emini and Forex Trading Update:Tuesday March 2, 2021 I will update again at the end of the day. Pre-Open market analysis Friday was a 2nd consecutive big bear day on the daily chart. That has not happened since the 10% corrections in September and October. It made a 10% correction likely. However, yesterday was a […]
Emini had a bear follow-through day on Friday after Thursday’s selloff
Emini and Forex Trading Update:Monday March 1, 2021 I will update again at the end of the day. Pre-Open market analysis Friday was the last day of February. It closed below the middle of the month, which is slightly bearish because of the parabolic wedge on the monthly chart – a bear follow-through day. On […]
Emini finally had 2 consecutive big bear days so 10% correction has probably begun
Market Overview: Weekend Market Analysis The SP500 Emini futures finally had consecutive big bear days on the daily chart. It will probably correct 10% over the next few weeks. Bond futures on the monthly chart collapsed down to support. There should be a short covering bounce in March. The EURUSD Forex market has a wedge […]
Traders are deciding if Emini will close below month midpoint today
Emini and Forex Trading Update:Friday February 26, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday to below Wednesday’s low, totally erasing that rally. Traders are still deciding whether the Emini will close below month midpoint today, and in early stages of a 10% correction, […]
Emini testing 4,000 Big Round Number at end of February
Emini and Forex Trading Update:Thursday February 25, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini had a 2nd strong bull day yesterday. This increases the chance of a test of the all-time high, and possibly the Emini testing 4000 Big Round Number within the next couple weeks. […]
Emini High 2 Buy signal bar at end of February
Emini and Forex Trading Update:Wednesday February 24, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini pulled back for a 6th day yesterday. This is the longest pullback since the 10% corrections in September and October. Traders are deciding if this pullback will reach 10% or reverse back […]
Emini has 1st 5-day pullback since October
Emini and Forex Trading Update:Tuesday February 23, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini pulled back again yesterday. While yesterday was a bull doji, which is not bearish, it was the 5th day down from the all-time high. This is the 1st 5-day pullback since October, […]
