Market Overview: Weekend Market Update The Emini sold off on Friday. There is a 50% chance that this is the start of a 15% correction. But there is also a 50% chance that the Emini will first test the gap on the weekly chart above the February 24 high. Bond futures are stuck in a […]
Emini High 1 bull flags on daily and weekly charts
Emini and Forex Trading Update:Friday June 19, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Wednesday’s low. That triggered a minor sell signal on the daily chart for a lower high. But the 2 day rally preceding it was strong. Therefore, yesterday was more likely a […]
Emini inside day in middle of June gap
Emini and Forex Trading Update:Thursday June 18, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an inside day after a strong 2 day rally. It is therefore both a buy and sell signal bar for today. Since it had a bear body, it is a weak buy […]
Emini back in last week’s big gap down
Emini and Forex Trading Update:Wednesday June 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini opened with a big gap up yesterday, triggering the High 1 buy signal on the daily chart. That gap up formed a 3 day island bottom. However, the Emini collapsed to below […]
Emini could rally from island bottom to February 24 gap
Emini and Forex Trading Update:Tuesday June 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up strongly from below last week’s low. For the bulls, yesterday is a buy signal bar on the daily chart. They see the 5 day selloff as a High 1 […]
Emini consecutive bear days after June island top
Emini and Forex Trading Update:Monday June 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down last week and formed a 4 day island top on the daily chart. There was a big bear day on Thursday and another bear day on Friday. Friday was the […]
Emini forming double top with February high
Market Overview: Weekend Market Update The Emini had a Bear Surprise breakout this week. Traders expect lower prices over the next couple weeks. The bond futures market reversed last week’s selloff. It is back in the middle of its 3 month trading range. Traders expect more sideways trading, even if the market rallies next week. […]
Emini crash yesterday but at 200 day moving average
Emini and Forex Trading Update:Friday June 12, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini crashed yesterday on the 5 minute chart. The selloff on the daily chart began in the sell zone around the March 3 high. Because the range was big, traders expect at least […]
Emini stalled for 3 days at the 2019 close
Emini and Forex Trading Update:Thursday June 11, 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 the March low. Every pullback ended within 3 days. Yesterday was the 2nd day of a pullback from testing the close of 2019. […]
Emini strong rally ahead of June FOMC announcement
Emini and Forex Trading Update:Wednesday June 10, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open but reversed up from below Monday’s low. It again tested the close of 2019, but closed near the open. Yesterday was a bull doji candlestick on the daily […]
