Emini and Forex Trading Update:Monday August 26, 2019 I will update again at the end of the day. Pre-Open market analysis Friday had a surprisingly strong selloff. When a selloff is that strong, there is a 60% chance of lower prices over the next few days. But there is a 40% chance that it is […]
Emini weekly sell signal bar but within August trading range
Market Overview: Weekend Market Update The Emini had a strong selloff on Friday, but it is still within its 3 week trading range. While the odds favor a break below the August low and 2800 within a few weeks, until there is a breakout, there is no breakout. There is a 40% chance that Friday […]
Emini outside up bar at top of 3 week range
Emini and Forex Trading Update:Friday August 23, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside day and a doji day on the daily chart, which is neutral. The Emini is at the top of a 3 week trading range. But the momentum up on the […]
Emini has room to top of August trading range
Emini and Forex Trading Update:Thursday August 22, 2019 I will update again at the end of the day. Pre-Open market analysis With yesterday’s close at the high of the day, there is an increased chance of at least slightly higher prices today in the Emini. However, the Emini is now near the top of its […]
Emini testing 2900 below and August double top above
Emini and Forex Trading Update:Wednesday August 21, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini sold off in a bear channel yesterday, but were unable to close the gap above Friday’s high. The selloff is more likely a pullback from last week’s rally than a resumption of […]
Emini bear rally testing resistance around 2950
Emini and Forex Trading Update:Tuesday August 20, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini gapped up and rallied for the 1st half of the day. But there was a lot of trading range price action and the day closed exactly at the open. This formed a […]
Emini weak buy signal after yield curve inversion
Emini and Forex Trading Update:Monday August 19, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a double bottom buy signal on Friday. However, the buy signal bar was a small bear doji. That is an unreliable setup. Furthermore, it followed a huge selloff on the day […]
Emini August pullback to below 2800 and maybe 2730
Market Overview: Weekend Market Update The Emini has been sideways for a couple of weeks, but it will probably fall below 2800 before the bulls will buy again. It might test the June low, which is the bottom of a 5 month trading range. The 30 year treasury bond futures are in a strong breakout […]
Emini reversing up after almost forming outside down week
Emini and Forex Trading Update:Friday August 16, 2019 I will update again at the end of the day. Pre-Open market analysis The Emini was in a trading range for the 1st half of yesterday. The bears got a strong breakout below the double bottom, but the selloff reversed up from just above last week’s low. […]
Emini selloff on inverted yield curve
Emini and Forex Trading Update:Thursday August 15, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was a strong bear trend day, and there was very little overlap with Tuesday, which was a strong bull day. This is a bull trap and it increases the chance of lower prices. […]
