Emini and Forex Trading Update:Friday January 3, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was the 1st day of the year. On a yearly chart, last year was a big bull bar closing on its high, late in a bull trend. That increased the chance of at […]
Emini’s 1st trading day of new decade
Emini and Forex Trading Update:Thursday January 2, 2020 I will update again at the end of the day. Pre-Open market analysis Today is the 1st day of the year and of the new decade. There is always a little more excitement and uncertainty at any major milestone like this. Everyone knows that the Emini is […]
Emini closing at high of decade on New Year’s Eve
Emini and Forex Trading Update:Tuesday December 31, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open. By trading below Friday’s low, the Emini triggered a sell signal on the daily chart. There is a parabolic wedge buy climax, and that often attracts profit-takers. The […]
Emini strongly up but possible minor yearend profit taking
Emini and Forex Trading Update:Monday December 30, 2019 I will update again at the end of the day. Pre-Open market analysis Friday was a bear bar and therefore a sell signal bar for today. There is a parabolic wedge buy climax on the daily chart. It is at the resistance of the top of the […]
Emini expectations for the next decade
Market Overview: Weekend Market Update The Emini is closing out the decade at a new high after opening the decade near the low. This increases the chance for a couple weeks of profit-taking in early January, or possibly beginning on Monday. However, Thursday might gap up. If it did, there would then be a gap […]
Emini might preparing for gap up on yearly chart
Emini and Forex Trading Update:Friday December 27, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had 3 small sideways days prior to yesterday. But yesterday’s late bull breakout changed the price action. It increased the chances of a stronger bull trend today and possible through the end […]
Emini yearend parabolic wedge buy climax but no reversal yet
Emini and Forex Trading Update:Thursday December 26, 2019 I will update again at the end of the day. Pre-Open market analysis Christmas week is typically the quietest week of the year. This year Christmas is on a Wednesday. Traders expect next week will be quiet as well. The Emini usually spends a lot of in […]
Emini is typically quiet during Christmas week
Emini and Forex Trading Update:Monday December 23, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini is in the final 7 trading days of the decade and the decade has been very strong. On the yearly chart (not shown) where each bar is one year, you would see […]
Emini closing at high of decade after opening near low
Market Overview: Weekend Market Update There are only 7 trading days left in the decade for the Emini. The bulls want the month, the year, and the decade to close on the high. The Emini will probably be sideways to up through yearend. The bond market is in an early bear trend on the monthly […]
Emini might get minor profit taking after yesterday’s buy climax
Emini and Forex Trading Update:Friday December 20, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini broke above its 3 day tight trading range yesterday. Yesterday was a Small Pullback Bull Trend. That is a type of buy climax. That increases the chance of some trading range price […]
