Emini and Forex Trading Update:Monday January 25, 2021 I will update again at the end of the day. Pre-Open market analysis Friday pulled back from another new all-time high going into the final week of January. Because it had a bull body, it is a High 1 late in bull channel buy signal bar. But […]
Emini rallying strongly at start of Biden’s presidency
Market Overview: Weekend Market Analysis SP500 Emini rallying strongly on the daily, weekly, and monthly charts. Traders continue to expect higher prices. But the rally is now at the top of bull channels on all 3 time frames. That increases the chance of several down weeks starting soon. Bond futures have had lackluster follow-through after […]
Emini near measured move target from September and October double bottom
Emini and Forex Trading Update:Friday January 22, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bear doji bar on the daily chart, which is weak follow-through for the bulls after Wednesday’s strong rally. It is also a weak sell signal bar, and it therefore increases the […]
Emini follow-through day after huge bull trend on Biden’s first day as president
Emini and Forex Trading Update:Thursday January 21, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up and formed a huge bull trend and big bar yesterday on President Biden’s first day in office. Yesterday’s close will probably be tested several times over the next couple years. […]
Emini in tight trading range at top of 2-month bull channel ahead of Biden’s inauguration
Emini and Forex Trading Update:Wednesday January 20, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a doji bar yesterday on the daily chart, with Emini in tight trading range. It has been in a tight trading range for 9 days, and in a bull channel for […]
Emini weak High 2 bull flag in 2-month Small Pullback Bull Trend
Emini and Forex Trading Update:Tuesday January 19, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a bear bar on Friday on the daily chart. A bear bar is a bad buy signal bar for an Emini weak High 2 bull flag. That reduces the chance that […]
Emini January rally stalling at top of channel
Market Overview: Weekend Market Analysis SP500 Emini January rally stalling at the top of bull channels on the daily and monthly charts. Also, there is an ioi Breakout Mode pattern on the weekly chart. Traders should expect a pullback to around 3500 to begin in January. Bond futures broke below a 9-month trading range 2 […]
Emini’s January breakout above bull trend channel might be failing
Emini and Forex Trading Update:Friday January 15, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was the 1st bear day in 8 days. It was an outside down bar, and it is a sell signal bar for today for a reversal down from above the 2-month bull channel. […]
Emini January buy climax ignoring impeachment
Emini and Forex Trading Update:Thursday January 14, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a High 1 buy signal yesterday by going above Tuesday’s high. But Tuesday was a doji bar and that is a weak buy signal bar. Yesterday barely closed above the buy […]
Emini has weak High 1 bull flag just below January all-time high
Emini and Forex Trading Update:Wednesday January 13, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a perfect doji bar yesterday, which is unusual. It came after 5 consecutive bull bars. It is a weak High 1 bull flag buy signal bar for a 2-day pullback from […]
