Market Overview: Weekend Market Analysis The S&P500 Emini futures market might gap to a new all-time high on the weekly chart next week. But the streak of 9 consecutive bull bars on the daily chart that ended 2 weeks ago should lead to a pullback to 3200 starting within a couple weeks. Bond futures are […]
Emini weak High 1 bull flag after 9 day bull streak
Emini and Forex Trading Update:Friday August 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a Small Pullback Bull Trend since June. Yesterday was another brief pullback. It is a buy signal bar for today. However, the dominant feature on the daily chart is […]
Emini should reverse entire 9 consecutive bull bar buy climax
Emini and Forex Trading Update:Thursday August 20, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday made a new high, but it was mostly sideways until the FOMC minutes. It then sold off sharply to just above Tuesday’s low. The bears were not strong enough to break below Tuesday’s […]
S&P 500 cash index closed at new high
Emini and Forex Trading Update:Wednesday August 18, 2020 I will update again at the end of the day. Pre-Open market analysis The S&P 500 cash index has poked above the all-time highest close several times over the past week. Because it was hanging just below that resistance instead of reversing down, I have been saying […]
Emini pullback soon to 3000 after 9 day buy climax
Emini and Forex Trading Update:Monday August 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday traded below Thursday’s low and found buyers. Friday is a High 1 buy signal bar for today. However, it is a doji bar in a 3 bar tight trading range, […]
Emini 10% September correction from double top
Market Overview: Weekend Market Update The Emini had a streak of 9 consecutive bull bars that ended this week. Traders should expect a 10% correction to begin by the end of the month. Bond futures are correcting down from a Spike and Channel Bull Trend on the daily chart. The selloff should test the June […]
S&P500 cash index might get weekly close at new all-time high
Emini and Forex Trading Update:Friday August 14, 2020 I will update again at the end of the day. Pre-Open market analysis The S&P500 cash index yesterday and Wednesday poked above the all-time high close from February. It again reversed down. The Emini yesterday was an inside day and it closed around the open. It was […]
Emini micro double top and double top with February high
Emini and Forex Trading Update:Thursday August 13, 2020 I will update again at the end of the day. Pre-Open market analysis Institutions mostly watch the cash index and are more interested in the close than the high. The Emini on Tuesday broke to a new high, but the high of the cash index did not […]
Emini new all time high found sellers
Emini and Forex Trading Update:Wednesday August 12, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke to a new all-time high yesterday, but this followed 9 consecutive bull bars. That made it likely that yesterday would close below the open and finally form a bear bar on […]
Emini breakout above February all-time high in Globex
Emini and Forex Trading Update:Tuesday August 11, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the weekly chart again yesterday, like 4 of the past 6 Monday’s. Because the gap was small, it closed early in the day. The Emini broke above the Globex […]
