Emini and Forex Trading Update:Friday July 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a sell signal yesterday by trading below Wednesday’s low. Traders see a 3 day micro double top and a double top with the June high. But yesterday was a small trading […]

Emini and Forex Trading Update:Thursday July 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday opened with a big gap up and therefore triggered the High 1 bull flag buy signal. After selling off and barely closing the gap, it rallied to back near the open […]

Emini and Forex Trading Update:Wednesday July 15, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a sell signal on the daily chart by going below Monday’s low. However, yesterday rallied in a bull trend and it closed near its high. It erased Monday’s bearishness and it is […]

Emini and Forex Trading Update:Tuesday July 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the weekly chart, but like last week, the bulls could not keep the gap open. There are now consecutive failed island bottom attempts. In addition, the month-long wedge rally […]

Emini and Forex Trading Update:Monday July 13, 2020 I will update again at the end of the day. Pre-Open market analysis Friday broke above Thursday’s high and the week closed on its high. This is the 1st time that the bulls have had consecutive bull bars on the weekly chart in 5 weeks. Traders expect […]

Emini and Forex Trading Update:Thursday July 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini had swings up and down yesterday after Tuesday’s strong bear trend. It was therefore a trading range day. But after a midday higher low major trend reversal, it closed near its high. […]

Emini and Forex Trading Update:Wednesday July 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday again failed around 3175 where it failed twice on Monday. There is now a micro double top on the daily chart for a failed breakout above the 3 week trading range. Yesterday is […]

Emini and Forex Trading Update:Monday July 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside up candlestick last week on the weekly chart. It broke above last week’s high yesterday, but the breakout was small. The Emini is near the top of the 5 […]

Emini and Forex Trading Update:Monday July 6, 2020 I will update again at the end of the day. Pre-Open market analysis June was the 3rd consecutive bull bar on the monthly chart. But since it has a small body, it was a doji bar. That represents a loss of momentum. It lowers the probability of […]