Emini and Forex Trading Update:Thursday March 25, 2021 Pre-Open market analysis of daily chart Higher high major trend reversal with February high. Yesterday was big bear bar closing on its low. If today is another big bear day, especially if it is very big, odds will favor 10% correction down to 3,700 at bottom of […]
Emini in trading range around February high
Emini and Forex Trading Update:Wednesday March 24, 2021 Pre-Open market analysis of daily chart Yesterday was a bear day but it had a prominent tail below. The Emini traded below Monday’s low and 3,900 Big Round Number, but closed above both, and therefore was not as bearish as it could have been. Emini in trading […]
Emini High 1 bull flag buy signal at end of 1st quarter
Emini and Forex Trading Update:Tuesday March 23, 2021 Pre-Open market analysis of daily chart Yesterday triggered High 1 bull flag buy signal on daily chart near end of 1st quarter. Magnets above are the 3,950 and 4,000 Big Round Numbers, and last week’s all-time high. Bulls hope there will be enough end-of-quarter window dressing to […]
Emini weekly double top sell signal at end of 1st quarter
Emini and Forex Trading Update:Monday March 22, 2021 Pre-Open market analysis of daily chart Weekly double top sell signal bar on weekly chart. But prominent tail below bar, tight bull channel, and 4,000 magnet above so probably minor reversal. Daily chart has High 1 bull flag pullback to 20-day EMA, and 3,900 Big Round Number, […]
Emini weekly chart sell signal bar for minor double top just below 4,000
Market Overview: Weekend Market Analysis The SP500 Emini futures in strong bull trend on all time frames. However, there is now a sell signal bar for a small minor double top on the weekly chart, just below the 4,000 Big Round Number. Traders expect higher prices, even if there is a 1- to 2-week pullback […]
Emini micro wedge top just below 4,000 Big Round Number
Emini and Forex Trading Update:Friday March 19, 2021 Pre-Open market analysis of daily chart Yesterday was a bear day after a 5-day Emini micro wedge top. It opened near Wednesday’s open, and Wednesday was a big bull day. A big bear day after a big bull day with very little overlap of the bodies means […]
Emini outside up day formed just below 4,000 Big Round Number
Emini and Forex Trading Update:Thursday March 18, 2021 I will update again at the end of the day. Pre-Open market analysis of daily chart Yesterday traded below Tuesday’s low and then above its high following the FOMC announcement. Yesterday was therefore an Emini outside up day. The Emini also made another new all-time high. 10-day […]
Emini Low 2 top ahead of FOMC announcement
Emini and Forex Trading Update:Wednesday March 17, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a small bear doji bar yesterday. This is an Emini Low 2 top with Thursday’s high. The bears see it as a 2nd failed breakout. But the 9-day bull channel is […]
Emini triggered High 1 buy signal just below 4,000
Emini and Forex Trading Update:Tuesday March 16, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bull bar that closed near its high yesterday, and this is within a strong 8-day rally (Emini triggered High 1 buy signal). The bulls want the Emini to break strongly […]
Emini High 1 bull flag buy signal just below 4,000 Big Round Number
Emini and Forex Trading Update:Monday March 15, 2021 I will update again at the end of the day. Pre-Open market analysis As was likely, Friday pulled back from a new high and a 6-bar bull micro channel on the daily chart. Also, there were buyers below Friday’s low. Friday is now a High 1 bull […]
