Emini and Forex Trading Update:Friday October 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the September 16 top of the wedge bear channel yesterday. It also closed above that high. If the bulls can get a 2nd consecutive bull bar today, there will be […]
Emini has ioi Breakout Mode setup at September 16 high
Emini and Forex Trading Update:Thursday October 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a big bull inside day after a big bear outside day on the daily chart. There is now an IOI (inside-outside-inside) pattern, which is a Breakout Mode setup. Yesterday is now both […]
Emini wedge rally and double top at September 16 high
Emini and Forex Trading Update:Wednesday October 7, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying for a month that 3400 – 3500 was the sell zone and that many traders wanted to wait for a break above the September 16 high before selling. Yesterday briefly […]
Emini wedge rally to September 16 high
Emini and Forex Trading Update:Tuesday October 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above last week’s high and reached the 3400 Big Round Number. While traders expect the 2-week wedge rally to test the September 16 lower high this week, they also expect […]
Emini stuck at February high as it decides on direction
Emini and Forex Trading Update:Monday October 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been trading around the February high for 2 months. Traders are deciding between a new high and a test of 3000. I talked about the President’s Covid infection over the weekend. […]
Emini futures wedge rally and double top with September high
Market Overview: Weekend Market Analysis The SP500 Emini futures daily chart reversed up from a small wedge bottom 7 days ago. However, September was an outside down bar on the monthly chart. That increases the chance of sideways to down trading in October. Traders believe that the Emini might go a little higher to the […]
Emini holding above 50 day MA in rally to September 16 lower high
Emini and Forex Trading Update:Friday October 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini futures is testing resistance around the September 16 lower high and the 3400 Big Round Number. It is trying to hold above the February high and the 50-day MA. It is more […]
Emini should still test September 16 lower high above 3400
Emini and Forex Trading Update:Thursday October 1, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of October. The Emini in September formed an outside down month with a big bear body. That makes some sideways to down trading likely. But September had a big […]
Emini should test 3400 before next leg down
Emini and Forex Trading Update:Wednesday September 30, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up from a small wedge bottom last week on the daily chart. It normally would have at least a small 2nd leg up. However, with the insanity of last night’s presidential […]
Emini weekly High 2 Buy but at 50-day MA
Emini and Forex Trading Update:Tuesday September 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the weekly chart and triggered a weak High 2 buy signal. It also triggered a wedge bull flag buy signal on the daily chart. Yesterday closed back above the […]
