Emini and Forex Trading Update:Tuesday December 8, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside bar yesterday. It is a sell signal bar for a nested wedge top on the daily chart. But yesterday was only a bear doji, and the prior 5 days […]
Emini micro wedge rally with December pullback likely
Emini and Forex Trading Update:Monday December 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini weekly and monthly charts are in bull trends, and the bulls want the year to close near its high. Additionally, there are 5 consecutive bull bars on the daily chart, and last […]
Emini nested wedge rally should reverse down in December
Market Overview: Weekend Market Analysis The SP500 Emini futures have rallied for a month, but there are problems with the rally on the daily, weekly, and monthly charts. There is a nested wedge rally at a measured move target on the daily chart. Traders should expect a pullback to below 3400 to begin in December. […]
Emini forming micro wedge top in early December rally to new all-time high
Emini and Forex Trading Update:Friday December 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday made another new all-time high, but closed below the old high. However, it closed 1 tick above yesterday’s close, and therefore made a new all-time highest close. This is a subtle […]
Emini closed the monthly gap but formed a daily High 1 buy signal
Emini and Forex Trading Update:Thursday December 3, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday pulled back and closed the gap on the monthly chart, but not the gap on the daily chart. Yesterday closed on its high, and it is a High 1 buy signal bar for […]
Emini gapped up in December to new all-time high on monthly chart
Emini and Forex Trading Update:Wednesday December 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the monthly chart yesterday. A gap up to a new all-time high on the monthly chart is rare. I don’t know if it has ever happened before in the […]
Emini gapping up in December to new all-time high on monthly chart
Emini and Forex Trading Update:Tuesday December 1, 2020 I will update again at the end of the day. Pre-Open market analysis After a strong November, the Emini today will probably gap up on the 1st day of December. It could gap above the November high. That would create a rare gap up to a new […]
Emini just below all-time high at the end of November
Emini and Forex Trading Update:Monday November 30, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was a bear doji bar on the daily chart, but the momentum up 3 weeks ago was strong. Traders expect a new all-time high this week. In fact, today might even gap to […]
Emini inside day Wednesday and early close on day after Thanksgiving
Emini and Forex Trading Update:Friday November 27, 2020 I will update again at the end of the day. Pre-Open market analysis Wednesday was an inside day after a big bull trend day on the daily chart. It is therefore both a buy and sell signal bar for today. Some brokers show Thursday on their charts. […]
Emini testing November all-time high on Thanksgiving Eve
Emini and Forex Trading Update:Wednesday November 25, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and rallied from a higher high double bottom on the daily chart. It was a bull bar that closed on its high. Because the all-time high is only 6.5 points above […]
