Market Overview: Weekend Market Analysis The SP500 Emini futures market is rallying into the end of the year. But the bars on the daily chart are weak, and there is a nested wedge on the weekly chart. This increases the risk of a pullback to 3,500 starting by early January. The Bond futures weekly chart […]
Emini has 3 legs up in December Small Pullback Bull Trend
Emini and Forex Trading Update:Friday December 18, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed another small day that closed almost exactly where it opened. Most days for the past 7 weeks closed near the open or midpoint of the day’s range. The large number […]
Emini might form wedge top in yearend Small Pullback Bull Trend
Emini and Forex Trading Update:Thursday December 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday closed in the middle of its range, like the majority of days since late October. The yearend Small Pullback Bull Trend bull channel that began on November 10 could continue up […]
Emini inside bar is High 1 bull flag buy signal bar for yearend rally
Emini and Forex Trading Update:Wednesday December 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini’s low yesterday was above Monday’s low, and its high was below Monday’s high. Tuesday was therefore an Emini inside bar, an inside day. Since the Emini closed near its high, it is […]
Emini yearend tight trading range around open of the month
Emini and Forex Trading Update:Tuesday December 15, 2020 I will update again at the end of the day. Pre-Open market analysis Since yesterday was in a tight bear channel on the 5-minute Emini chart, the selloff was climactic. Therefore, day traders will expect at least a couple hours of sideways to up trading today, to […]
Emini December OO sell signal might fail
Emini and Forex Trading Update:Monday December 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered an OO sell signal when Thursday traded below Wednesday’s low. But both Thursday and Friday were bull days. That increases the chance that the sell signal will fail. Friday is a […]
Emini forming possible wedge top at end of year
Market Overview: Weekend Market Analysis The SP500 Emini futures might be forming a wedge top on the daily and weekly charts at yearend. But there might be one more new high before there is a reversal down. Bond futures have been in a tight trading range for 7 weeks, and they are at the apex […]
Emini weak High 1 bull flag after triggering OO sell signal yesterday
Emini and Forex Trading Update:Friday December 11, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Wednesday’s low, which triggered an OO sell signal on the daily chart. But yesterday reversed up and closed with a small bull body. It is a weak High 1 bull flag […]
Emini has consecutive outside bars at the all-time high at the end of the year
Emini and Forex Trading Update:Thursday December 10, 2020 I will update again at the end of the day. Pre-Open market analysis Tuesday traded below Monday’s low and then above its high. It was therefore an outside day. Yesterday reversed down from above Tuesday’s high and traded below Tuesday’s low. It was therefore an outside down […]
Emini has no top yet in micro wedge and Small Pullback Bull Trend
Emini and Forex Trading Update:Wednesday December 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up day yesterday and made another new all-time high. However, there have been consecutive strong bull bars only once since October 12, and that reduces the chance of a […]
