Emini and Forex Trading Update:Wednesday November 27, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday had a weak rally for the 1st half of the day and then a reversal down. The selloff was a test of the open and the bulls bought it. That trend resumption up […]
Emini November rally might lead to December trading range
Emini and Forex Trading Update:Tuesday November 26, 2019 I will update again at the end of the day. Pre-Open market analysis After a big gap up and strong bull trend on the open yesterday, the Emini entered a trading range. It broke above last week’s high and to a new all-time high. But last week […]
Emini minor pullback from November buy climax
Emini and Forex Trading Update:Monday November 25, 2019 I will update again at the end of the day. Pre-Open market analysis Friday triggered a High 1 bull flag buy signal on the daily chart. But Thursday was a bear bar and the 3rd consecutive bear bar. This was a low probability buy setup and there […]
Emini daily chart broke below 6 week bull trend channel
Market Overview: Weekend Market Update The S&P Emini finally broke below the 6 week bull channel on the daily chart. Traders should expect 2 weeks of sideways to down trading. The 30 year bond futures is in a buy climax on the monthly chart. It will probably enter a trading range for many months. The […]
Emini bear doji bar likely on weekly chart this week
Emini and Forex Trading Update:Friday November 22, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off early yesterday and reversed up. It is a High 1 bull flag buy signal bar for today. But the past 2 days had bear bodies. This is a weak buy […]
Emini broke below October-November bull trend line
Emini and Forex Trading Update:Thursday November 21, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had a strong bear breakout midday yesterday. It triggered the parabolic wedge top sell signal on the daily chart by falling below Tuesday’s low. It also broke below the bull trend line […]
Emini minor pullback in November buy climax
Emini and Forex Trading Update:Wednesday November 20, 2019 I will update again at the end of the day. Pre-Open market analysis After 7 consecutive bull bars on the daily chart, the Emini finally had a bear bar yesterday. However, a strong bull trend does not typically immediately reverse into a bear trend. Most traders want […]
Emini November parabolic wedge buy climax but no top yet
Emini and Forex Trading Update:Monday November 19, 2018 I will update again at the end of the day. Pre-Open market analysis Yesterday went above last week’s high and therefore made another all-time high. Furthermore, it was the 7th consecutive bull trend bar on the daily chart. That is unusual and therefore climactic. Also, the past […]
Emini likely November pullback from top of yearlong bull channel
Emini and Forex Trading Update:Monday November 18, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini formed its 6 consecutive bull bar on Friday. That is extreme and therefore climactic. Furthermore, there have been 3 pushes up in a tight bull channel on the daily chart. A reversal […]
Emini November buy climax at top of yearlong bull channel
Market Overview: Weekend Market Update The Emini has rallied to the top of the yearlong bull channel on the weekly chart. After 6 consecutive bull bars, a 1 – 2 week pullback will probably begin in November. The bond futures market triggered a parabolic wedge buy climax sell signal on the monthly chart in November. […]
