Market Overview: Weekend Market Update The Emini broke above the top of a ledge on the weekly chart. There is a 50% chance that the breakout will fail. The 30 year treasury bond futures have a weak breakout above the 2016 wedge top. The odds favor a month or two of sideways trading. The EURUSD […]
Emini breakout above August ledge top
Emini and Forex Trading Update:Friday September 6, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini broke above the top of the 5 week trading range yesterday. I have been saying that a bull breakout was highly likely because of the ledge top. Furthermore, I said that the […]
Emini just below August ledge top magnet above
Emini and Forex Trading Update:Thursday September 5, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and rallied in a weak bull trend. I have mentioned the ledge top at the top of the 5 week trading range on the daily chart many times over the past […]
Emini in middle of August range with ledge top
Emini and Forex Trading Update:Wednesday September 4, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday sold off early, but the day formed a trading range. It closed above the open after a 2 day selloff. It is therefore a buy signal bar for today. However, it was a […]
Emini August ledge top and Breakout Mode
Emini and Forex Trading Update:Tuesday September 3, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday sold off from the top of its 4 week trading range. It was the last day of the month and August closed above its midpoint. That is a sign of […]
Emini August ledge top so brief bull breakout likely
Market Overview: Weekend Market Update The Emini has a ledge top on the daily chart. Traders should expect a breakout above the 4 week range. But that breakout will probably fail and lead to a move below the August low. The monthly gold futures chart has rallied strongly, but is at resistance. It might pause […]
Emini month-end magnets are August midpoint and open
Emini and Forex Trading Update:Friday August 30, 2019 There will be no update at the end of the day due to Al travelling. Pre-Open market analysis I have been writing about the importance of the monthly chart since June went outside up after May was outside down. July triggered the oo bull flag buy signal […]
Emini bad stop entry setups within August tight trading range
Emini and Forex Trading Update:Thursday August 29, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a minor sell signal yesterday by trading below Tuesday’s low. But, I said that it was a weak sell setup since it was a big bear bar in the bottom third […]
Emini stalled in middle of August trading range
Emini and Forex Trading Update:Wednesday August 28, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday triggered a buy signal on the daily chart. But I said before yesterday’s open that it was a weak setup. Entering with stops in the middle of a 4 week trading range is […]
Emini pause after Friday Spike and Channel Bear Trend
Emini and Forex Trading Update:Tuesday August 27, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a bull inside day on the daily chart. It is therefore a buy signal bar for today. The bulls hope that Friday was a bear trap and that June/July bull trend is […]
