Emini and Forex Trading Update:Monday November 4, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up on Friday. This was a gap up on the monthly chart as well as on the daily chart. Gaps on the monthly chart rarely stay open. Consequently, there will probably […]
Emini triggered monthly outside up buy signal above October high
Market Overview: Weekend Market Update The Emini gapped up on the monthly chart and the daily chart is in a Small Pullback Bull Trend. It will probably work higher for at least another month. Bitcoin reversed up strongly 2 weeks ago but had a bear follow-through bar on the weekly chart this week. There will […]
Emini bears want weekly sell signal after October outside up
Emini and Forex Trading Update:Friday November 1, 2019 I will update again at the end of the day. Pre-Open market analysis October ended yesterday. It was an outside up month on the monthly chart. Traders see it as a buy signal bar for November. By closing above both the September and July highs, the Emini […]
Emini rallied on October FOMC announcement of rate cut
Emini and Forex Trading Update:Thursday October 31, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off on the open and closed the gap above Friday’s high and last week’s high. The Emini was in a trading range day until the FOMC announcement. After the 11 am PST […]
Traders awaiting today’s Emini reaction to October FOMC rate cut
Emini and Forex Trading Update:Wednesday October 30, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday formed an outside up day and then an outside down day. It had several sharp moves up and down and formed a trading range day. But by closing below its midpoint, […]
Emini gap up ahead of October FOMC announcement
Emini and Forex Trading Update:Tuesday October 29, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up to a new all-time high yesterday. Since yesterday was a Monday, there is also a gap up on the weekly chart. The bulls want a measured move up. Their minimum […]
Emini might go sideways into October FOMC
Emini and Forex Trading Update:Monday October 28, 2019 I will update again at the end of the day. Pre-Open market analysis On Friday, the Emini traded above the September high. Since it reversed up from below the September low early in the month, October is now an outside up bar on the monthly chart. That […]
Emini outside up on monthly chart before October FOMC
Market Overview: Weekend Market Update The Emini monthly chart formed an outside up in October. Traders should expect a new all-time high within a few weeks and possibly next week. The 30 year Treasury bond futures weekly chart will likely fall a little lower before its next bounce in its 3 month trading range. The […]
Emini weak buy and sell signals ahead of October FOMC
Emini and Forex Trading Update:Friday October 25, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday triggered a buy signal on the daily chart. However, the day went sideways and formed another trading range day. It closed below its midpoint and it is therefore a sell signal […]
Emini weak entry bar after outside down sell signal bar
Emini and Forex Trading Update:Thursday October 24, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini had an outside down bar on Tuesday. Yesterday triggered the sell signal by going below Tuesday’s low. However, yesterday reversed up and closed on its high. It is therefore a High 1 […]
