For Wednesday May 19, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini either forming lower high in bear trend or pulling back from May 13 reversal up
Emini and Forex Trading Update:Wednesday May 19, 2021 Pre-Open market analysis of daily chart Yesterday was a bear day. It closed the gap above last Thursday’s high, eliminating last week’s 3-day island bottom. Today will probably gap down. That will create a 3-day island top. Remember, last week’s gap up created a 3-day island bottom, […]
SP500 Emini trade setups
For Monday May 17, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini bulls want May V-bottom pattern
Emini and Forex Trading Update:Monday May 17, 2021 Pre-Open market analysis of daily chart Strong 2-day reversal up from sell climax, to below bottom of 4-week trading range. 3-day island bottom. Bulls looking for May V-bottom pattern. Bulls want May V-bottom, and for rally to continue up to new high. After 2 strong bull days, […]
Emini weekly Globex chart has consecutive outside bars
Market Overview: Weekend Market Analysis The SP500 Emini futures had a failed breakout above the top of its 4-week trading range last week, and a failed breakout below this week. Consecutive outside bars on the weekly Globex chart. The strong reversal up this week makes a successful breakout above the range more likely than a […]
Emini bounce after 3 day collapse
Emini and Forex Trading Update:Friday May 14, 2021 Pre-Open market analysis of daily chart Wednesday was big bear day that closed far below bottom of 4-week trading range. A 3-day collapse. Weekly chart has big bear bar, and Globex weekly chart has OO pattern (consecutive outside bars, so Breakout Mode). Yesterday’s low was above Wednesday’s […]
SP500 Emini trade setups
For Wednesday May 12, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini bouncing from bottom of April trading range
Emini and Forex Trading Update:Wednesday May 12, 2021 Pre-Open market analysis of daily chart Last week broke above top of April trading range and today broke below bottom of the range. Yesterday closed just above the open of the day and therefore it was a weak bull day. Today has weak buy signal bar for […]
SP500 Emini trade setups
For Monday May 10, 2021 Full Emini and Forex daily reports will only be issued when Al is in the Trading Room. See sidebar calendar for “No Webinar” days when this “SP500 Emini trade setups” post will replace the daily report. Here are several reasonable stop entry setups from yesterday. I show each buy entry […]
Emini breakout above 4-week tight trading range needs follow-through
Emini and Forex Trading Update:Monday May 10, 2021 Pre-Open market analysis of daily chart Friday broke above 4-week tight trading range, and closed near the high of the day and of the week. Bulls need follow-through buying today or tomorrow to confirm Friday’s breakout. If they get it, traders will look for 100-point measured move […]