Emini and Forex Trading Update:Monday February 22, 2021 I will update again at the end of the day. Pre-Open market analysis Emini gapping down today after being in a tight trading range for 9 days. The buy climax since November has been extreme. The bears are hoping that the bulls will take profits into the […]
Emini has late February sell signal on weekly and daily charts
Market Overview: Weekend Market Analysis The SP500 Emini futures chart is in a strong bull trend, but this week formed a late February sell signal bar on the weekly chart. Traders will continue to buy 1- to 3- day pullbacks until there are consecutive big bear days. They then will wait for a 10% correction […]
Emini in tight trading range near the end of February
Emini and Forex Trading Update:Friday February 19, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up strongly from just above last week’s low. This prevented the week from being an outside down bar on the weekly chart. It also increases the chance that today might […]
Emini High 1 bull flag but in February buy climax
Emini and Forex Trading Update:Thursday February 18, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday fell below Tuesday’s low, which triggered a sell signal on the daily chart. The bears want a mid-month reversal and for February to close below the open of the month. However, the bulls […]
Strong bull trend, but bears want Emini mid-February reversal
Emini and Forex Trading Update:Wednesday February 17, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to a new all-time high on the daily and weekly charts yesterday, but then sold off. It closed the gaps and was a bear day. Bears want an Emini mid-February […]
Emini’s February buy climax accelerating up
Emini and Forex Trading Update:Tuesday February 16 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday broke above Thursday’s high, and triggered a High 1 bull flag buy signal, with buy climax accelerating up. Friday closed on its high and at a new all-time high, That increased […]
Emini’s February buy climax testing top of bull channels on daily, weekly, and monthly charts
Market Overview: Weekend Market Analysis The SP500 Emini futures is in a strong bull trend on all time-frames with buy climax testing top of bull channels. Traders will continue to buy until there are consecutive strong bear days on the daily chart. While that could lead to a 10% correction, traders will buy that pullback […]
Emini has ioi Breakout Mode setup at end of week
Emini and Forex Trading Update:Friday February 12, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside day yesterday after Wednesday being an outside day. An Emini ioi Breakout Mode setup (inside-outside-inside pattern). Yesterday is both a buy and sell signal bar. Because yesterday had a […]
Emini has outside down bar at top of 4-month bull channel
Emini and Forex Trading Update:Thursday February 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday from above Tuesday’s high to below its low. Yesterday was therefore an outside down bar on the daily chart. It is a sell signal bar for today. But it […]
Emini micro channel at top of 4-month bull channel
Emini and Forex Trading Update:Wednesday February 10, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed its 8th day in a bull micro channel yesterday. Since this is unusual, there is an increased chance of a pullback within the next few days. This is a very strong […]
