Emini and Forex Trading Update:Thursday March 11, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a small bull doji bar yesterday on the daily chart. It tested the 3,900 Big Round Number, like most days since early February. It is also testing the February 24 lower […]
Emini forming another lower high since February top
Emini and Forex Trading Update:Wednesday March 10, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a trading range since early February. There have been many strong legs up and down, but every one reversed. Yesterday was another example. The Emini rallied but could not […]
Emini big reversals in middle of 3-week trading range
Emini and Forex Trading Update:Tuesday March 9, 2021 I will update again at the end of the day. Pre-Open market analysis With the Emini reversing every few days, traders expect the 2-month trading range to continue indefinitely. The Emini is also in the middle of a 3-week trading range. They have been buying selloffs and […]
Emini wedge bull flag and micro double bottom
Emini and Forex Trading Update:Monday March 8, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed a big bull bar on Friday. Since it had a big tail below, Friday formed a micro double bottom with Thursday. It is a buy signal bar for today. But after […]
The Emini had 3 consecutive big bear bars, but there is a wedge bull flag
Market Overview: Weekend Market Analysis The SP500 Emini futures had 3 consecutive big bear bars (days) this week. However, the week also formed a wedge bull flag on Friday. The odds are still slightly greater for a bear breakout and a 10% correction, but a pair of consecutive big bull bars next week will make […]
Emini beginning 10% March correction
Emini and Forex Trading Update:Friday March 5, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini formed its 3rd consecutive big bear day on the daily chart yesterday. It temporarily dropped back below last year’s close, erasing the 2021 gains. On last Friday, I said that there is […]
Emini again formed consecutive big bear bars so March 10% correction likely
Emini and Forex Trading Update:Thursday March 4, 2021 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a sell signal on the daily chart when yesterday fell below Tuesday’s low. With 2 more consecutive bear bars with good-size bodies on the daily chart, the odds are back to […]
Emini has been oscillating around 3,900 for a month
Emini and Forex Trading Update:Wednesday March 3, 2021 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bear inside bar on the daily chart. It is a sell signal bar for today. If the Emini forms a 2nd consecutive big bear day today, the probability of a 10% […]
Emini reversal up above 3,900 after consecutive big bear days
Emini and Forex Trading Update:Tuesday March 2, 2021 I will update again at the end of the day. Pre-Open market analysis Friday was a 2nd consecutive big bear day on the daily chart. That has not happened since the 10% corrections in September and October. It made a 10% correction likely. However, yesterday was a […]
Emini had a bear follow-through day on Friday after Thursday’s selloff
Emini and Forex Trading Update:Monday March 1, 2021 I will update again at the end of the day. Pre-Open market analysis Friday was the last day of February. It closed below the middle of the month, which is slightly bearish because of the parabolic wedge on the monthly chart – a bear follow-through day. On […]