Market Overview: Weekend Market Analysis The SP500 Emini futures should trade lower next week after January had a bear body on the monthly chart, an Emini minor sell signal. Furthermore, last week was outside down on the weekly chart, and the Emini broke below the 3-month bull channel on the daily chart. Bond futures broke […]
Emini bulls need follow-through buying after Wednesday’s big selloff
Emini and Forex Trading Update:Friday January 29, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big day yesterday after a big bear day Wednesday. While yesterday traded above Wednesday’s high, it closed below the middle of the range, and near the open. Big Down, Big […]
Emini reversing down at the end of January
Emini and Forex Trading Update:Thursday January 28, 2021 I will update again at the end of the day. Pre-Open market analysis Emini reversing down. The Emini formed a big bear day yesterday on the daily chart. It poked just below the bottom of the 3-month bull channel and the 50-day MA, and fell below the […]
Emini at all-time high ahead of Biden’s first FOMC report
Emini and Forex Trading Update:Wednesday January 27, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday broke above Monday’s big outside up doji bar, and made another new Emini all-time high. But yesterday was a small bar on the daily chart, and it had a bear body. It is […]
Emini outside bar at all-time high at end of January
Emini and Forex Trading Update:Tuesday January 27, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside up day, an Emini outside bar, but it closed near the open of the day, which is relatively neutral. The bull trend is strong on the daily, weekly, and monthly […]
Emini rallying strongly at start of Biden’s presidency
Market Overview: Weekend Market Analysis SP500 Emini rallying strongly on the daily, weekly, and monthly charts. Traders continue to expect higher prices. But the rally is now at the top of bull channels on all 3 time frames. That increases the chance of several down weeks starting soon. Bond futures have had lackluster follow-through after […]
Emini near measured move target from September and October double bottom
Emini and Forex Trading Update:Friday January 22, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bear doji bar on the daily chart, which is weak follow-through for the bulls after Wednesday’s strong rally. It is also a weak sell signal bar, and it therefore increases the […]
Emini follow-through day after huge bull trend on Biden’s first day as president
Emini and Forex Trading Update:Thursday January 21, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up and formed a huge bull trend and big bar yesterday on President Biden’s first day in office. Yesterday’s close will probably be tested several times over the next couple years. […]
Emini in tight trading range at top of 2-month bull channel ahead of Biden’s inauguration
Emini and Forex Trading Update:Wednesday January 20, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a doji bar yesterday on the daily chart, with Emini in tight trading range. It has been in a tight trading range for 9 days, and in a bull channel for […]
Emini weak High 2 bull flag in 2-month Small Pullback Bull Trend
Emini and Forex Trading Update:Tuesday January 19, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bear bar on Friday on the daily chart. A bear bar is a bad buy signal bar for an Emini weak High 2 bull flag. That reduces the chance that […]
