Emini and Forex Trading Update:Friday March 13, 2020 I will update again at the end of the day. Pre-Open market analysis The S&P500 now is in a bear market, like the Dow and the Nasdaq. The median size of the selloff in a bear market is 28%. It typically takes about a year to reach […]
Emini deciding when March bear rally will begin
Emini and Forex Trading Update:Thursday March 12, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is locked limit down (5% down) in the Globex market. It will probably gap down in the day session. This is the 3rd leg down on the daily chart. There is now […]
Emini daytraders expect strong short covering after 20 percent selloff
Emini and Forex Trading Update:Wednesday March 11, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a double bottom on Monday on the 5 minute chart. Yesterday tested the low and reversed up. There is now a micro double bottom on the daily chart. Yesterday is a […]
Emini was limit down yesterday but sharp bear rally soon
Emini and Forex Trading Update:Tuesday March 10, 2020 I will update again at the end of the day. Pre-Open market analysis I started day trading a month before the 1987 Crash. After the Crash, the exchanges created rules that they hoped would prevent further crashes. They began to halt trading during any day once the […]
Emini limit down and weekly gap down in coronavirus pandemic
Emini and Forex Trading Update:Monday March 9, 2020 I will update again at the end of the day. Pre-Open market analysis I have been writing that the Emini will sell off dramatically if traders begin to believe that the number of coronavirus cases will increase exponentially. That is appearing to be the case. The Emini […]
Emini searching for end of 1st leg down
Market Overview: Weekend Market Update The Emini is in an early bear trend on the daily chart and probably the weekly chart. The bulls want a double bottom with last week’s low. However, the best the bulls can probably get over the next several weeks is a trading range. There is at least a 50% […]
Emini doji bar on weekly chart after February collapse
Emini and Forex Trading Update:Friday March 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini sold off again yesterday to below the 3000 Big Round Number. But Wednesday had a bull body on the daily chart. It was therefore a weak sell signal bar. That increases the […]
Emini weak High 1 buy flag in March bear rally
Emini and Forex Trading Update:Thursday March 5, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside bar in last week’s reversal up from a sell climax. It is therefore a High 1 bull flag and a buy signal bar for today. Because the sell climax […]
Emini lacks confidence in Powell and his rate cut
Emini and Forex Trading Update:Wednesday March 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly early on the Fed interest rate cut, but then sold off. It retraced about half of the 3 day rally. Yesterday was probably just a pullback from Monday’s rally. There […]
Emini short covering in absence of bad coronavirus news
Emini and Forex Trading Update:Tuesday March 3, 2020 I will update again at the end of the day. Pre-Open market analysis As I said was likely, yesterday was a bull trend day. Since last week’s collapse was so severe, there will probably be more short covering today or later this week. However, there is currently […]
