Emini and Forex Trading Update:Friday March 20, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a buy signal by going above Wednesday’s high. There is a 5 day micro wedge nested within a month-long parabolic wedge sell climax. However, the bulls failed yesterday to get a big […]
Emini 2019 market crash is in search of a bottom
Emini and Forex Trading Update:Thursday March 19, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini finally broke below the December 2018 low yesterday. It also dipped below the open of January 20, 2017. That is the day Trump took office and therefore a magnet. The selloff has […]
Emini might crash down to 2000 before this ends
Emini and Forex Trading Update:Wednesday March 18, 2020 I will update again at the end of the day. Pre-Open market analysis Today is a very dangerous day. But, the bulls have a chance. Yesterday again tested the December 2018 low, and it again held above. In fact, yesterday’s low was above Monday’s low and its […]
Emini double bottom with December 2018 low
Emini and Forex Trading Update:Tuesday March 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini opened limit down yesterday and sold off to within a fraction of a point of -13%. That is the 2nd circuit breaker level. Instead of hitting the limit, it reversed up strongly. […]
Emini parabolic wedge sell climax near December 2018 low but locked limit down
Emini and Forex Trading Update:Monday March 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini collapsed in March. Since the selloff had 3 legs down, it is a parabolic wedge. That usually attracts some profit taking. This is especially true when the climax is extreme and near […]
Emini strong short covering rally after March parabolic wedge bottom
Market Overview: Weekend Market Update All major indices are now in bear markets. But, the Emini started to reverse up from a parabolic wedge sell climax on Friday. There will probably be a strong short covering rally for the next 2 weeks. The bond futures market has had the most extreme buy climax in its […]
Emini strong short covering rally after March collapse
Emini and Forex Trading Update:Friday March 13, 2020 I will update again at the end of the day. Pre-Open market analysis The S&P500 now is in a bear market, like the Dow and the Nasdaq. The median size of the selloff in a bear market is 28%. It typically takes about a year to reach […]
Emini deciding when March bear rally will begin
Emini and Forex Trading Update:Thursday March 12, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is locked limit down (5% down) in the Globex market. It will probably gap down in the day session. This is the 3rd leg down on the daily chart. There is now […]
Emini daytraders expect strong short covering after 20 percent selloff
Emini and Forex Trading Update:Wednesday March 11, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a double bottom on Monday on the 5 minute chart. Yesterday tested the low and reversed up. There is now a micro double bottom on the daily chart. Yesterday is a […]
Emini was limit down yesterday but sharp bear rally soon
Emini and Forex Trading Update:Tuesday March 10, 2020 I will update again at the end of the day. Pre-Open market analysis I started day trading a month before the 1987 Crash. After the Crash, the exchanges created rules that they hoped would prevent further crashes. They began to halt trading during any day once the […]