0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Market Overview: Weekend Market Analysis The SP500 Emini futures reversed up this week on the daily chart from a wedge bull flag reversal and a test of the September 16 top of a month-long trading range. It could rally for a couple weeks, but traders think it will probably reverse down again […]
Emini micro wedge and breakout test at September 16 high
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Emini and Forex Trading Update:Friday October 23, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying that the Emini would probably trade below Monday’s low and reverse up. That would create a 6-day Emini micro wedge bull flag and a breakout test of […]
Emini micro double bottom at September 16 high
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Emini and Forex Trading Update:Thursday October 22, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been sideways for 5 days. Traders are deciding if the selloff has gone far enough or it the cash index has to fall a little more to its […]
Emini futures testing September 16 high but might get one more brief leg down
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Emini and Forex Trading Update:Wednesday October 21, 2020 I will update again at the end of the day. Pre-Open market analysis Over the weekend, I wrote that the Emini futures probably had to fall below the September 16 high, which it did on Monday. This is because the Emini has been in […]
Emini testing September 16 high breakout point
0Facebook 1Twitter 0LinkedIn WeiboFollowTotal1Emini and Forex Trading Update:Tuesday October 20, 2020 I will update again at the end of the day. Pre-Open market analysis By trading below Friday’s low, the Emini triggered a sell signal on the daily chart. By trading below last week’s low, it triggered a double top sell signal on the weekly […]
Emini minor sell signal for October micro double top
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Emini and Forex Trading Update:Monday October 19, 2020 I will update again at the end of the day. Pre-Open market analysis Friday closed on its low and it is a sell signal bar for today, a micro double top. However, it had a small bear body and a big tail below. That […]
Emini resuming up after breakout test of September trading range high
0Facebook 0Twitter 1LinkedIn WeiboFollowTotal1Market Overview: Weekend Market Analysis The Emini has a micro double top sell signal on the daily chart. It might dip below the October 6 trading range high. Whether or not it reverses up to the September all-time high, the odds still favor a selloff from around that high. Bond futures have […]
Emini breakout test of October 6 trading range high
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Emini and Forex Trading Update:Friday October 16, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down and therefore created a 3-day island top. The bears were hoping that this was the start of a reversal down from a double top with the September high, […]
Emini 3-day island top and double top with September high
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Emini and Forex Trading Update:Thursday October 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini will probably gap down today. That would form a 3-day island top on the daily chart. While most island tops and bottoms are minor, the context here is good […]
Emini weak High 1 bull flag after pullback to 3500
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Emini and Forex Trading Update:Wednesday October 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday sold off to below Monday’s low. That makes yesterday a pullback in the 4-day rally. It is now a High 1 bull flag buy signal bar for today. […]
