Emini and Forex Trading Update:Thursday April 9 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed a bull trend resumption day. It totally reversed Tuesday’s selloff. The next target is 2781, which the Emini reached right before the open. That is a 50% retracement of the 2 […]
Emini stalling at the 2706 20% selloff level
Emini and Forex Trading Update:Wednesday April 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped above my target of 2706.00 and immediately sold off. It closed the gap above Monday’s high and closed near the low. That 2706 level is 20% down from the high. As long […]
Emini 3 day island bottom and testing 20% pullback level
Emini and Forex Trading Update:Tuesday April 7, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and created a 3 day island bottom. I have been saying for 2 weeks that there would be a reversal up to above 2706.00. The Emini is above that level in […]
Emini weak Low 1 sell setup after March sell climax
Emini and Forex Trading Update:Monday April 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini had a 7 day rally to the EMA on the daily chart last week and sold off for 3 days. But since there were no pullbacks in the rally, the bulls were […]
Emini 2nd leg up to 2706.00 after March sell climax
Market Overview: Weekend Market Update The Emini will probably form a higher low after the extreme sell climax in March. The 1st target is 2706.00, which is 20% down from the high. Last week is a sell signal bar on the weekly chart. But there will probably be buyers below its low for a 2nd […]
Emini awaiting terrible April coronavirus unemployment report
Emini and Forex Trading Update:Friday April 3, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a trading range day, but it closed on its high. I said early this week that the pullback would probably only last 2 – 3 days. The bulls want yesterday to be […]
Emini sideways into April unemployment report after March sell climax
Emini and Forex Trading Update:Thursday April 2, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a sell signal on the daily chart after the 1st pullback to the EMA in a bear trend. However, following a 7 day bull micro channel, the bears will probably need at […]
Emini pullback likely before Friday’s April unemployment report
Emini and Forex Trading Update:Wednesday April 1, 2020 I will update again at the end of the day. Pre-Open market analysis By going above last week’s high yesterday, the Emini triggered a weekly buy signal. But since last week had a big tail on top and the bear trend was so strong, the buy setup […]
Emini end of quarter window dressing after coronavirus crash
Emini and Forex Trading Update:Tuesday March 31, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied in a weak Bull Trend From The Open yesterday. It then went sideways for several hours. There was late trend resumption up, and the Emini broke above yesterday’s high late in […]
Emini end of quarter window dressing after March coronavirus crash
Emini and Forex Trading Update:Monday March 30, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was an inside day. It is therefore both a buy and sell signal bar for today. Since it was a doji bar, it will probably not lead to a big more up or […]
