For Wednesday June 2, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini outside down sell signal bar and double top with May 7 high
Emini and Forex Trading Update:Wednesday June 2, 2021 Pre-Open market analysis of daily chart Yesterday was outside down day. It is therefore an outside down sell signal bar for a double top with the May 7 all-time high. Because it closed below Friday’s low, there is an increased chance of a bear trend day today. […]
Emini weak sell signal bar for June parabolic wedge top on monthly chart
Emini and Forex Trading Update:Tuesday June 1, 2021 Pre-Open market analysis of daily chart Emini in strong 16-month bull trend on monthly chart. Even if there is a reversal, it will probably lead to 1- to 2-month trading range, and not bear trend. Today is the 1st day of June. The bulls want a gap […]
Emini pullback from May double bottom rally more likely than double top
Emini and Forex Trading Update:Monday May 24, 2021 Pre-Open market analysis of daily chart Double bottom rally and double top since May 12, so Breakout Mode. 6-week trading range so Breakout Mode. Bulls have slight advantage because yearlong bull trend, and reversal up after a reversal down 2 weeks ago. A 2nd reversal is higher […]
Emini bulls slight edge at end of May
Market Overview: Weekend Market Analysis The SP500 Emini futures market has been sideways for 6 weeks in a yearlong strong bull trend, and therefore in Breakout Mode. Friday is a sell signal bar for a double top, but there will probably be buyers below. A bull breakout of the range is slightly more likely than […]
Emini May double bottom bull flag neckline being tested
Emini and Forex Trading Update:Friday May 21, 2021 Pre-Open market analysis of daily chart Yesterday was a 2nd consecutive big bull bar, and a good follow-through bar after Wednesday’s strong reversal up from a double bottom bull flag. Last Friday’s high is the neckline of the double bottom bull flag. The bulls need closes above […]
SP500 Emini trade setups
For Wednesday May 19, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini either forming lower high in bear trend or pulling back from May 13 reversal up
Emini and Forex Trading Update:Wednesday May 19, 2021 Pre-Open market analysis of daily chart Yesterday was a bear day. It closed the gap above last Thursday’s high, eliminating last week’s 3-day island bottom. Today will probably gap down. That will create a 3-day island top. Remember, last week’s gap up created a 3-day island bottom, […]
SP500 Emini trade setups
For Monday May 17, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini bulls want May V-bottom pattern
Emini and Forex Trading Update:Monday May 17, 2021 Pre-Open market analysis of daily chart Strong 2-day reversal up from sell climax, to below bottom of 4-week trading range. 3-day island bottom. Bulls looking for May V-bottom pattern. Bulls want May V-bottom, and for rally to continue up to new high. After 2 strong bull days, […]
