Video duration: 12min 22sec Trading room breaking news What’s the news? I don’t know, and I don’t care, but it’s certainly a good bar for the bears. You’ve got a Head and Shoulders Top – left shoulder, head, right shoulder. I did nothing here, and I was too slow to sell that. That happened too […]
Emini weekly High 1 bull flag in April buy climax
Market Overview: Weekend Market Update The Emini should test down to 2500 – 2600 in May. There is a wedge top on the daily chart. But there are High 1 bull flag buy signals on both the daily and weekly charts. There will probably be one more brief leg up to the 20 week EMA […]
Emini doji candlestick on weekly chart just below weekly EMA
Emini and Forex Trading Update:Friday April 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini tested the open of the week and sold off yesterday. Today is Friday so weekly support and resistance can be important, especially in the final hour. Therefore, the open of the week […]
Emini testing 50% pullback from April wedge top
Emini and Forex Trading Update:Thursday April 23, 2020 I will update again at the end of the day. Pre-Open market analysis On Monday, the Emini turned down from a wedge top on the 60 minute and daily charts. Yesterday’s rally retraced half of this week’s selloff. However, the Emini collapsed at the end of the […]
Emini April rally reversing down to 2500 for higher low
Emini and Forex Trading Update:Wednesday April 22, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off and tested 2716. That is 20% down from the high. If the Emini falls below that price, it will be back in a bear market. That should happen within a week […]
Emini April buy climax stalling at 50 day moving average
Emini and Forex Trading Update:Tuesday April 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up yesterday from below Friday’s low. It then reversed back down from the 50 day moving average to close near the low. That increases the chance of lower prices today. The […]
Emini April rally near resistance and pullback likely soon
Emini and Forex Trading Update:Monday April 20,2020 I will update again at the end of the day. Pre-Open market analysis The Emini has rallied strongly for several weeks. It is testing the March 10 lower high and the 50 day moving average. There is room to the 20 week EMA and that might be the […]
Emini V bottom wedge rally testing February close
Market Overview: Weekend Market Update The Emini has rallied strongly for 4 weeks. The bulls are trying to reach the February close to erase the entire March selloff. The rally has a wedge shape, which means it is a buy climax. But traders will buy the 1st 2 – 4 week pullback. The bond futures […]
Emini April bull trend reversal is now testing 20 week EMA
Emini and Forex Trading Update:Friday April 17, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a High 1 buy signal on the daily chart by trading above Wednesday’s high. It closed near the high, which increased the chance of higher prices today. Today will probably gap up […]
Emini island bottom and top in April’s developing trading range
Emini and Forex Trading Update:Thursday April 16, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down and Tuesday therefore is a 1 day island top. The Emini will probably be in a trading range all year. Island tops and bottoms are common in trading ranges. They are […]
