Emini and Forex Trading Update:Wednesday July 29, 2020 I will update again at the end of the day. Pre-Open market analysis Today is an FOMC day. There is a sharp move up and down 70% of the time in the 1st few minutes after the 11 am PST announcement. Day traders should exit positions ahead […]
Emini weak High 1 bull flag buy signal at end of July
Emini and Forex Trading Update:Tuesday July 28, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was a High 1 bull flag buy signal bar on the daily chart. The buy triggered yesterday when yesterday traded above Friday’s high. The bulls want the Small Pullback Bull Trend on the […]
Emini minor weekly sell signal at end of July
Emini and Forex Trading Update:Monday July 27, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a 3rd doji bar on the weekly chart last week. That is a sign of a loss of momentum in the rally. Because it had a bear body, it is a […]
Emini possible late July reversal down from February gap
Market Overview: Weekend Market Update The Emini is stalling in the gap above the February 24 high, as I said was likely. There is a 50% chance of a reversal down to the middle 3rd of the 3 year trading range beginning within a few weeks before there is a new high. Bond futures have […]
Emini reversing down in February gap
Emini and Forex Trading Update:Friday July 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed a micro double top with Wednesday’s high. It was an outside down day and it is therefore a sell signal bar for today. I have been warning that the Emini […]
Emini bulls trying to close February gap
Emini and Forex Trading Update:Thursday July 23, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a trading range day that rallied to a new high late in the day. The bulls are trying to close the February gap and then get a new all-time high. They have […]
Emini has consecutive closes in the February pandemic gap
Emini and Forex Trading Update:Wednesday July 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday, but went sideways for most of the day. The selloff at the end of the day closed yesterday’s gap up. Because yesterday had a bear body, it is a […]
Emini month-long wedge rally finally entered the pandemic February gap
Emini and Forex Trading Update:Tuesday July 21, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong Small Pullback Bull Trend day. It formed the 1st bull day in 3 days and it closed above Friday’s high. It was the highest close since February. The past month […]
Emini 5 week rally to big February bear gap
Emini and Forex Trading Update:Monday July 20, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed the 3rd consecutive bear doji bar on the daily chart on Friday. It is trading just below the February 24 high, which is the bottom of the big gap down on […]
Emini finally testing February 24 gap so tension increasing
Market Overview: Weekend Market Update The Emini bulls are determined to test the gap on the weekly chart above the February 24 high. Many bears have been waiting for that test. Once in the gap, there is a 50% chance of a new high and a 50% chance of a correction down to 2700. Bond […]
