Emini and Forex Trading Update:Tuesday July 21, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong Small Pullback Bull Trend day. It formed the 1st bull day in 3 days and it closed above Friday’s high. It was the highest close since February. The past month […]
Emini 5 week rally to big February bear gap
Emini and Forex Trading Update:Monday July 20, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed the 3rd consecutive bear doji bar on the daily chart on Friday. It is trading just below the February 24 high, which is the bottom of the big gap down on […]
Emini finally testing February 24 gap so tension increasing
Market Overview: Weekend Market Update The Emini bulls are determined to test the gap on the weekly chart above the February 24 high. Many bears have been waiting for that test. Once in the gap, there is a 50% chance of a new high and a 50% chance of a correction down to 2700. Bond […]
Emini High 1 bull flag just below February 24 gap
Emini and Forex Trading Update:Friday July 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a sell signal yesterday by trading below Wednesday’s low. Traders see a 3 day micro double top and a double top with the June high. But yesterday was a small trading […]
Emini within 9 points of February 24 gap
Emini and Forex Trading Update:Thursday July 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday opened with a big gap up and therefore triggered the High 1 bull flag buy signal. After selling off and barely closing the gap, it rallied to back near the open […]
Emini high 1 bull flag after July wedge top
Emini and Forex Trading Update:Wednesday July 15, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a sell signal on the daily chart by going below Monday’s low. However, yesterday rallied in a bull trend and it closed near its high. It erased Monday’s bearishness and it is […]
Emini 2nd consecutive failed 4 month island bottom
Emini and Forex Trading Update:Tuesday July 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on the weekly chart, but like last week, the bulls could not keep the gap open. There are now consecutive failed island bottom attempts. In addition, the month-long wedge rally […]
Emini might form 4 month island bottom on weekly chart
Emini and Forex Trading Update:Monday July 13, 2020 I will update again at the end of the day. Pre-Open market analysis Friday broke above Thursday’s high and the week closed on its high. This is the 1st time that the bulls have had consecutive bull bars on the weekly chart in 5 weeks. Traders expect […]
Emini high 1 bull flag buy signal bar just below June high
Emini and Forex Trading Update:Thursday July 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini had swings up and down yesterday after Tuesday’s strong bear trend. It was therefore a trading range day. But after a midday higher low major trend reversal, it closed near its high. […]
Emini micro double top in 5 day bull micro channel
Emini and Forex Trading Update:Wednesday July 8, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday again failed around 3175 where it failed twice on Monday. There is now a micro double top on the daily chart for a failed breakout above the 3 week trading range. Yesterday is […]