Emini and Forex Trading Update:Monday November 2, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up on Friday from just above the September low. It is therefore a buy signal bar for a double bottom. But because it had a bear body, it is a weak […]
Emini has ioi sell signal at the end of October on monthly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures market has an ioi sell signal on the monthly chart and a parabolic wedge buy signal on the daily chart. The Emini should bounce next week, but it also should fall below the October low at some point in November. Bond futures are turning down from […]
Emini minor buy signal at end of October
Emini and Forex Trading Update:Friday October 30, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up yesterday from below Wednesday’s low to above its high. Yesterday was therefore an outside up day near the bottom of its 3-month range. It is a minor buy signal bar […]
Emini collapsing into the end of October
Emini and Forex Trading Update:Thursday October 29, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed another big bear bar yesterday. It closed the gap above the September 25 high. The next target below is the September low, which is the bottom of the 3 month trading […]
Emini follow-through selling after Monday’s bear breakout
Emini and Forex Trading Update:Wednesday October 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini on Monday broke far below the small wedge bull flag on the daily chart. It fell below the open of the month and the February high. But it reversed up and closed […]
Emini testing open of October
Emini and Forex Trading Update:Tuesday October 27, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday tested the February high and the open of the month, and it reversed up in the middle of the day. The day closed just above the midpoint of the range, and therefore the […]
Emini weak breakout above October wedge bull flag
Emini and Forex Trading Update:Monday October 26, 2020 Pre-Open market analysis An Emini weak breakout triggered above a wedge bull flag buy signal on Friday, but Friday had a bear body. That is a weak entry for the bulls. But it had a big tail below. It is therefore also a weak sell signal bar […]
Emini wedge bull flag reversal up from test of September 16 high
Market 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 before breaking much […]
Emini micro wedge and breakout test at September 16 high
Emini 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 the September 16 […]
Emini micro double bottom at September 16 high
Emini 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 February high before […]
