Emini and Forex Trading Update:Wednesday June 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered High 1 bull flag buy signals on both the daily and weekly charts yesterday. However, it reversed down from a wedge top after poking above last week’s high. It closed near […]
Emini ioi bull flag at end of 2nd quarter
Emini and Forex Trading Update:Tuesday June 23, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up from above yesterday’s low but could not reach yesterday’s high. It was therefore an inside day after an outside day. This is an ioi Breakout Mode pattern. Yesterday is now […]
Emini forming June lower high major trend reversal
Emini and Forex Trading Update:Monday June 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big outside down day on Friday. That is a sell signal bar for today. There is now a small double top and a lower high major trend reversal. The bears […]
Emini lower high major trend reversal but gap is magnet above
Market Overview: Weekend Market Update The Emini sold off on Friday. There is a 50% chance that this is the start of a 15% correction. But there is also a 50% chance that the Emini will first test the gap on the weekly chart above the February 24 high. Bond futures are stuck in a […]
Emini High 1 bull flags on daily and weekly charts
Emini and Forex Trading Update:Friday June 19, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Wednesday’s low. That triggered a minor sell signal on the daily chart for a lower high. But the 2 day rally preceding it was strong. Therefore, yesterday was more likely a […]
Emini inside day in middle of June gap
Emini and Forex Trading Update:Thursday June 18, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an inside day after a strong 2 day rally. It is therefore both a buy and sell signal bar for today. Since it had a bear body, it is a weak buy […]
Emini back in last week’s big gap down
Emini and Forex Trading Update:Wednesday June 17, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini opened with a big gap up yesterday, triggering the High 1 buy signal on the daily chart. That gap up formed a 3 day island bottom. However, the Emini collapsed to below […]
Emini could rally from island bottom to February 24 gap
Emini and Forex Trading Update:Tuesday June 16, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday reversed up strongly from below last week’s low. For the bulls, yesterday is a buy signal bar on the daily chart. They see the 5 day selloff as a High 1 […]
Emini consecutive bear days after June island top
Emini and Forex Trading Update:Monday June 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped down last week and formed a 4 day island top on the daily chart. There was a big bear day on Thursday and another bear day on Friday. Friday was the […]
Emini forming double top with February high
Market Overview: Weekend Market Update The Emini had a Bear Surprise breakout this week. Traders expect lower prices over the next couple weeks. The bond futures market reversed last week’s selloff. It is back in the middle of its 3 month trading range. Traders expect more sideways trading, even if the market rallies next week. […]