Emini and Forex Trading Update:Tuesday May 4, 2021 Pre-Open market analysis of daily chart Yesterday broke above Friday’s high, and therefore triggered a High 1 buy signal on the daily chart. Friday was a bear day on the daily chart and therefore this was a weak buy setup. Emini streak of 6 consecutive bear days. […]
Emini has 5 consecutive bear doji bars in extreme buy climax
Emini and Forex Trading Update:Monday May 3, 2021 Pre-Open market analysis of daily chart Emini formed 5 consecutive bear doji bars in a tight trading range this week. This is a Breakout Mode pattern. Only 2 strong bull bars in past 11 days, even though strong bull trend in March and April. Streak of 13 […]
Emini had 5 bear bars in last week of April
Market Overview: Weekend Market Analysis The SP500 Emini futures market has been in a strong bull trend for a year. The recent streak of 13 consecutive bull bars increases the chance of at least a 10% pullback lasting a couple months coming this summer. This week is a sell signal bar on the weekly chart […]
Emini at top of buy climax on last day of April
Emini and Forex Trading Update:Friday April 30, 2021 Pre-Open market analysis of daily chart On the 5-minute chart yesterday, the Emini sold off from above Wednesday’s high to below its low. That made it an outside down day. It then reversed back up to above Wednesday high, which made it an outside up day. Emini […]
SP500 Emini trade setups
For Wednesday April 28, 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 at top of trading range and all-time high ahead of FOMC announcement
Emini and Forex Trading Update:Wednesday April 28, 2021 Pre-Open market analysis of daily chart Emini at top of trading range and double top with April 16 high, and yesterday is the sell signal bar. Yesterday had a big tail below and the bull trend is strong, so this is a low probability sell signal. Consecutive […]
SP500 Emini trade setups
For Monday April 26, 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 […]
SP500 Emini loss of momentum and may enter trading range
Emini and Forex Trading Update:Monday April 26, 2021 Pre-Open market analysis of daily chart Emini loss of momentum despite Friday being a big bull bar, and new all-time high. Bulls not as strong as they could have been with close below Friday’s high. Friday tested top of 9-day tight trading range. Bears want reversal down […]
Emini strong bull trend has limited near-term upside after streak of 13 consecutive bull bars
Market Overview: Weekend Market Analysis The SP500 Emini strong bull trend is still under the influence of that streak of 13 consecutive bull bar that ended 2 weeks ago. It should attract profit takers, and this therefore will likely limit the near-term upside from here. Traders should expect the buy climax to soon evolve into […]
Emini outside down day at end of April
Emini and Forex Trading Update:Friday April 23, 2021 Pre-Open market analysis of daily chart Yesterday was an Emini outside down day. It traded above Wednesday’s high, and then below its low. There is now a small lower high double top on the daily chart, and therefore an increased chance of a pullback. But trends resist […]
