Emini and Forex Trading Update:Tuesday May 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini traded below last week’s low yesterday. That triggered a minor sell signal on the weekly chart. But since there is a 6 bar bull micro channel, the reversal down should be minor. […]
Emini April nested wedge top is minor sell signal
Emini and Forex Trading Update:Monday May 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down last week from a nested wedge top on the daily chart. This is probably the start of a 2 – 3 week pullback to around 2600. Since the 6 week […]
Emini nested wedge buy climax in April but minor monthly buy signal
Market Overview: Weekend Market Update The Emini is turning down from a nested wedge rally on the daily chart. This week is a good candidate for the start of a 2 – 3 week pullback. The bond futures market has been sideways for 8 weeks after an extreme buy climax. It will probably be in […]
Emini April rally has nested wedge buy climaxes at resistance
Emini and Forex Trading Update:Friday May 1, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down yesterday, but was sideways for most of the day. There is a wedge buy climax on the 60 minute chart. It is nested within a bigger wedge buy climax on […]
Emini rally in April erased the March crash
Emini and Forex Trading Update:Thursday April 30, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying that the Emini probably had to test the weekly EMA before there would be a 2 – 3 week pullback. The 7 week bull micro channel is extreme and it […]
Emini wedge top in April for minor reversal down
Emini and Forex Trading Update:Wednesday April 29, 2020 I will update again at the end of the day. Pre-Open market analysis There is an FOMC announcement today at 11 a.m. PST. That often leads to a big move up or down. However, there will probably not be any surprises from the meeting. There are now […]
Emini weekly buy signal but at 20 week EMA
Emini and Forex Trading Update:Tuesday April 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a weekly buy signal yesterday by going above last week’s high. The most important factor currently is the 20 week EMA. There is a 6 week bull micro channel on the […]
Weekly Emini High 1 bull flag just below EMA
Emini and Forex Trading Update:Monday April 27, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is in a bull trend on both the weekly and daily charts. Last week was an inside bar on the weekly chart. It is therefore a High 1 bull flag buy signal […]
Emini weekly High 1 bull flag in April buy climax
Market Overview: Weekend Market Update The Emini should test down to 2500 – 2600 in May. There is a wedge top on the daily chart. But there are High 1 bull flag buy signals on both the daily and weekly charts. There will probably be one more brief leg up to the 20 week EMA […]
Emini doji candlestick on weekly chart just below weekly EMA
Emini and Forex Trading Update:Friday April 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini tested the open of the week and sold off yesterday. Today is Friday so weekly support and resistance can be important, especially in the final hour. Therefore, the open of the week […]
