Emini and Forex Trading Update:Tuesday June 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the close of last year. It is now up for the year. There is also a gap on the daily and weekly charts around 3250. That is another gap above. […]
Emini might test close of 2019 this week
Emini and Forex Trading Update:Monday June 8, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly all last week. While the rally is a buy climax, there is no top yet. Traders expect at least slightly higher prices. The next target is the 3219.75 close of […]
Emini might test 2019 close and February 24 gap
Market Overview: Weekend Market Update The Emini is rallying in a strong buy climax and it is testing the 2019 close. There is no top yet. Traders will buy the 1st 1 – 3 day pullback. Bond futures broke below the ii pattern on the monthly chart. Traders expect sideways to down trading for many […]
Emini buy climax breaking above March 3 sell climax high
Emini and Forex Trading Update:Friday June 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini briefly broke above the March 3 high again yesterday and it sold off again. But it closed back near the open and formed a doji candlestick. It is a High 1 bull […]
Emini buy vacuum test of start of March pandemic crash
Emini and Forex Trading Update:Thursday June 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up yesterday and broke above the 3,100 Big Round Number. Late in the day, it broke above the March 3 high. However, it sold off into the close. That was the […]
Emini racing up to March 3 high above 3100
Emini and Forex Trading Update:Wednesday June 3, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday broke above the May high and closed on its high. Traders expect the rally to continue up to the March 3 high of 3125.75. At that point, the bears will sell, […]
Emini testing June high late in buy climax rally
Emini and Forex Trading Update:Tuesday June 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini broke above Friday’s high yesterday. That triggered a High 1 buy signal on the daily chart. After consecutive strong months on the monthly chart, the Emini will probably test above the May […]
Emini High 1 bull flag after strong May rally
Emini and Forex Trading Update:Monday June 1, 2020 I will update again at the end of the day. Pre-Open market analysis Friday is a High 1 bull flag buy signal bar for today. It closed above 3044.25 and therefore the Emini is no longer in correction territory (10% down from the high). Today might trigger […]
Emini is in Sell Zone between 3,000 and 3,150
Market Overview: Weekend Market Update The Emini should test 3,100. But it is in the Sell Zone. In the next couple months, it will more likely retrace about half of the 2 month rally than break to a new all-time high. The bond futures monthly chart has consecutive inside bars after a reversal down from […]
Emini forming strong May entry bar on monthly chart after High 1 bull flag in April
Emini and Forex Trading Update:Friday May 29, 2020 I will update again at the end of the day. Pre-Open market analysis By the Emini yesterday rallying above 3044.25, it was no longer in correction territory. That is 10% down from the high and a correction is defined as a selloff of 10%. It collapsed back […]
