Emini and Forex Trading Update:Thursday October 1, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of October. The Emini in September formed an outside down month with a big bear body. That makes some sideways to down trading likely. But September had a big […]
Emini should test 3400 before next leg down
Emini and Forex Trading Update:Wednesday September 30, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up from a small wedge bottom last week on the daily chart. It normally would have at least a small 2nd leg up. However, with the insanity of last night’s presidential […]
Emini weekly High 2 Buy but at 50-day MA
Emini and Forex Trading Update:Tuesday September 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the weekly chart and triggered a weak High 2 buy signal. It also triggered a wedge bull flag buy signal on the daily chart. Yesterday closed back above the […]
Emini has late September weekly High 2 buy signal
Emini and Forex Trading Update:Monday September 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is reversing up from a small wedge bottom on the daily chart. When Friday went above Thursday’s high, it triggered a minor wedge bottom buy signal. The rally should last a few […]
Emini outside down sell signal bar in September
Market Overview: Weekend Market Analysis The SP500 Emini futures market reversed up from a small wedge bottom this week and it should be sideways to up through the end of the month on Wednesday. After September became an Emini outside down month in a strong bull trend, traders expect September to close above the August […]
Emini testing August low and open of week
Emini and Forex Trading Update:Friday September 25, 2020 I will update again at the end of the day. Pre-Open market analysis Before yesterday’s open, I talked about the cluster of support at 3200. Support and resistance are magnets that draw the market to them. Yesterday dipped below 3200 and then rallied strongly back to the […]
Emini back below the August low after going outside down in September
Emini and Forex Trading Update:Thursday September 24, 2020 I will update again at the end of the day. Pre-Open market analysis I wrote over the weekend that traders would sell the 1st 1 – 3-day rally. Yesterday was the 3rd day up and traders sold the Emini aggressively all day. The Emini formed a big […]
Emini sideways to up through end of September
Emini and Forex Trading Update:Wednesday September 23, 2020 I will update again at the end of the day. Pre-Open market analysis On the open yesterday, the Emini triggered a buy signal on the daily chart by going above Monday’s high. I said that the Emini was likely to rally for a few days this week […]
Emini September selloff bounced at 10% pullback in cash index
Emini and Forex Trading Update:Tuesday September 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down on the weekly chart yesterday. It sold off to the 20 week EMA and reversed up. After 3 consecutive bear bars on the weekly chart, a bull bar is likely […]
Emini outside down week might lead to outside down month
Emini and Forex Trading Update:Monday September 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini last week traded above the high of the week before and then below its low. Last week was an outside down candlestick on the weekly chart. That reduces the chance of a […]