Emini and Forex Trading Update:Thursday February 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday from above Tuesday’s high to below its low. Yesterday was therefore an outside down bar on the daily chart. It is a sell signal bar for today. But it […]
Emini micro channel at top of 4-month bull channel
Emini and Forex Trading Update:Wednesday February 10, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed its 8th day in a bull micro channel yesterday. Since this is unusual, there is an increased chance of a pullback within the next few days. This is a very strong […]
Emini might stall at the 3,900 Big Round Number, like with all other recent Big Round Numbers
Emini and Forex Trading Update:Tuesday February 9, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed another buy climax day on the daily chart yesterday. It was the 6th consecutive day without a pullback. This is now a 7-bar bull micro channel, which means the Emini is […]
Emini at measured move target from September/October double bottom
Emini and Forex Trading Update:Monday February 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini has rallied strongly from 2 big bear days over the past 2 weeks. It is now at the all-time high, at a measured move target, and it might gap up to a […]
Emini broke above January trading range for possible test of 4,000 Big Round Number
Market Overview: Weekend Market Analysis SP500 Emini futures market broke above the January trading range this week. The bulls have a 50% chance of a strong break above the 4,000 Big Round Number before there is a 10% correction. Bond futures are selling off in a Small Pullback Bear Trend on the weekly chart. Traders […]
Emini buy climax breaking above January all-time high
Emini and Forex Trading Update:Friday February 5, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed its 4th consecutive bull bar on the daily chart. It closed on the high and at a new all-time high. There is an increased chance of a gap up today, […]
Emini has 3 bull days and testing all-time high from January
Emini and Forex Trading Update:Thursday February 5, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was the 3rd consecutive bull day on the daily chart, but it had a small bull body. The bulls want a breakout above the month-long trading range, which means testing all-time high from […]
Emini early February buy climax at top of trading range
Emini and Forex Trading Update:Wednesday February 3, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a trading range for a month, and a buy climax at top of trading range. Traders are buying selloffs and selling rallies. The bulls reversed the market up after […]
Emini High 2 buy signal bar but within January trading range
Emini and Forex Trading Update:Tuesday February 2, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull trend day and it reversed Friday’s selloff. It is a High 2 buy signal bar for today on the daily chart. But it has a prominent tail on top, and […]
Emini broke below 3-month bull channel in late January
Emini and Forex Trading Update:Monday February 1, 2021 I will update again at the end of the day. Pre-Open market analysis The bulls want February to be a bull inside bar on the monthly chart. There would then be another ioi, like in October, and traders will look for another leg up in March. The […]
