Emini and Forex Trading Update:Thursday February 18, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday fell below Tuesday’s low, which triggered a sell signal on the daily chart. The bears want a mid-month reversal and for February to close below the open of the month. However, the bulls […]
Strong bull trend, but bears want Emini mid-February reversal
Emini and Forex Trading Update:Wednesday February 17, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to a new all-time high on the daily and weekly charts yesterday, but then sold off. It closed the gaps and was a bear day. Bears want an Emini mid-February […]
Emini’s February buy climax accelerating up
Emini and Forex Trading Update:Tuesday February 16 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday broke above Thursday’s high, and triggered a High 1 bull flag buy signal, with buy climax accelerating up. Friday closed on its high and at a new all-time high, That increased […]
Emini’s February buy climax testing top of bull channels on daily, weekly, and monthly charts
Market Overview: Weekend Market Analysis The SP500 Emini futures is in a strong bull trend on all time-frames with buy climax testing top of bull channels. Traders will continue to buy until there are consecutive strong bear days on the daily chart. While that could lead to a 10% correction, traders will buy that pullback […]
Emini has ioi Breakout Mode setup at end of week
Emini and Forex Trading Update:Friday February 12, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed an inside day yesterday after Wednesday being an outside day. An Emini ioi Breakout Mode setup (inside-outside-inside pattern). Yesterday is both a buy and sell signal bar. Because yesterday had a […]
Emini has outside down bar at top of 4-month bull channel
Emini and Forex Trading Update:Thursday February 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday from above Tuesday’s high to below its low. Yesterday was therefore an outside down bar on the daily chart. It is a sell signal bar for today. But it […]
Emini micro channel at top of 4-month bull channel
Emini and Forex Trading Update:Wednesday February 10, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed its 8th day in a bull micro channel yesterday. Since this is unusual, there is an increased chance of a pullback within the next few days. This is a very strong […]
Emini might stall at the 3,900 Big Round Number, like with all other recent Big Round Numbers
Emini and Forex Trading Update:Tuesday February 9, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed another buy climax day on the daily chart yesterday. It was the 6th consecutive day without a pullback. This is now a 7-bar bull micro channel, which means the Emini is […]
Emini at measured move target from September/October double bottom
Emini and Forex Trading Update:Monday February 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini has rallied strongly from 2 big bear days over the past 2 weeks. It is now at the all-time high, at a measured move target, and it might gap up to a […]
Emini broke above January trading range for possible test of 4,000 Big Round Number
Market Overview: Weekend Market Analysis SP500 Emini futures market broke above the January trading range this week. The bulls have a 50% chance of a strong break above the 4,000 Big Round Number before there is a 10% correction. Bond futures are selling off in a Small Pullback Bear Trend on the weekly chart. Traders […]
