Emini and Forex Trading Update:Tuesday November 24, 2020 I will update again at the end of the day. Pre-Open market analysis By trading above Friday’s high yesterday, the Emini triggered a buy signal for a reversal up from the bottom of a 3-week trading range. But since Friday was a big bear bar, there were […]
Emini bear inside bars on daily and weekly charts at September high
Emini and Forex Trading Update:Monday November 23, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was a bear inside day that closed near the low of the day. It is both a buy and sell signal bar for today. With the bear body, it is a stronger sell […]
Emini consecutive bear bars on weekly chart at September high
Market Overview: Weekend Market Analysis The SP500 Emini futures market is stalling at the September high. There are bear inside bar sell signals on the daily and weekly charts. Bond futures are trying to reverse up from a double bottom on the weekly chart. But because the bear channel has been tight, a trading range […]
Emini reversing up from test of October 12 breakout point
Emini and Forex Trading Update:Friday November 20, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini collapsed on Wednesday but reversed up yesterday from just above the October 12 high. That is the breakout point for the rally 2 weeks ago. Yesterday is now a Breakout Test and […]
Emini double top at the September high
Emini and Forex Trading Update:Thursday November 19, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big bear trend day yesterday after a 5-day rally. The bears expected at least a small 2nd leg sideways to down after last week’s big bear day. Yesterday might be […]
Emini High 1 bull flag but just below November high
Emini and Forex Trading Update:Wednesday November 18, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini pulled back yesterday, but reversed up from below Tuesday’s low. It is therefore a buy signal bar for today. However, the bull body was small on the daily chart, and that is […]
Emini testing last week’s all-time high on Moderna’s news
Emini and Forex Trading Update:Tuesday November 17, 2020 I will update again at the end of the day. Pre-Open market analysis Most of the days for 3 weeks either closed near their midpoints or their opens. This is uncommon in bull trends that go a long way. However, both Friday and yesterday closed on their […]
Emini has big gap up on Moderna vaccine news
Emini and Forex Trading Update:Monday November 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday reversed up from a micro double bottom. It triggered a weak High 2 bull flag buy signal. However, before the open today, Moderna announced that its vaccine is 94% effective. […]
Emini weak breakout above September all-time high
Market Overview: Weekend Market Analysis The SP500 Emini futures market broke to a new all-time high this week on an Emini weak breakout, and reversed back down. The Emini will probably have to go sideways for several more days before traders will decide if the Emini will resume up or reverse down. Bond futures on […]
Emini has 60 minute Final Bull Flag just below 3500
Emini and Forex Trading Update:Friday November 13, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bear bar on the daily chart yesterday, but it closed in the middle of the day’s range, like most of the days over the past 2 weeks. The bears want […]
