Emini and Forex Trading Update:Thursday July 2, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull trending trading range day after 2 strong bull days. Although it closed in the middle of the day’s range, it was still a third consecutive bull trend day. That increases […]
Emini has weak buy signal ahead of June unemployment report tomorrow
Emini and Forex Trading Update:Wednesday July 1, 2020 I will update again at the end of the day. Pre-Open market analysis By going above Monday’s high yesterday, the Emini triggered a buy signal on the daily chart. I have been saying since Friday that the Emini would probably rally this week. Yesterday was a strong […]
Emini has doji candlestick on the monthly chart entering final day of June
Emini and Forex Trading Update:Tuesday June 30, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below last week’s low. This triggered a Low 2 top sell signal on the weekly chart. However, it immediately reversed up into a bull trend day. Yesterday is now a buy signal […]
Emini weak Low 2 top sell signal on weekly chart
Emini and Forex Trading Update:Monday June 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini’s 3 month rally has been losing momentum for several weeks. Traders expect a 50% retracement but think the Emini might have to test the gap above the February 24 high first. Last […]
Emini in Breakout Mode at end of 2nd quarter
Market Overview: Weekend Market Update The Emini is in breakout mode entering a seasonally bullish time of the year. But, it formed a strong sell signal bar on the weekly chart. If the bears get a big selloff next week, the Emini will probably work down below 2700 this summer. The bond futures market has […]
Emini High 1 buy signal bar after failed bear breakout
Emini and Forex Trading Update:Friday June 26, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up strongly yesterday from Wednesday’s break below the 7 day tight trading range. Yesterday is a buy signal bar for today. The Emini will probably go above yesterday’s high to […]
Emini has June lower high major trend reversal
Emini and Forex Trading Update:Thursday June 25, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday crashed on the 5 minute chart. On the daily chart, it triggered a lower high major trend reversal sell signal. Today is important. If today has a bear body on the daily chart, […]
Emini lower high major trend reversal at end of 2nd quarter
Emini and Forex Trading Update:Wednesday June 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered High 1 bull flag buy signals on both the daily and weekly charts yesterday. However, it reversed down from a wedge top after poking above last week’s high. It closed near […]
Emini ioi bull flag at end of 2nd quarter
Emini and Forex Trading Update:Tuesday June 23, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up from above yesterday’s low but could not reach yesterday’s high. It was therefore an inside day after an outside day. This is an ioi Breakout Mode pattern. Yesterday is now […]
Emini forming June lower high major trend reversal
Emini and Forex Trading Update:Monday June 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big outside down day on Friday. That is a sell signal bar for today. There is now a small double top and a lower high major trend reversal. The bears […]
