Emini and Forex Trading Update:Wednesday August 14, 2019 I will update again at the end of the day. Pre-Open market analysis I have been saying since Friday that this week would go above last week’s high to trigger the weekly buy signal. But I also said that there probably would be sellers above last week’s […]
Emini testing neckline of August micro double bottom
Emini and Forex Trading Update:Tuesday August 13, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Friday’s low and therefore triggered a sell signal on the daily chart. The bears saw last week as a 4 day bear flag. Since Friday was a bear doji, it was […]
Emini weekly buy signal bar after August sell climax
Emini and Forex Trading Update:Monday August 12, 2019 I will update again at the end of the day. Pre-Open market analysis On the weekly chart, last week was a bull bar and a possible end of a 2 week pullback. It is a buy signal bar for this week. The weekly chart is in a […]
Emini bear rally after crash down to 2800
Market Overview: Weekend Market Update The Emini reversed up sharply for 2 days after a sell climax down to around 2900. It will probably go sideways for a couple weeks. The weekly crude oil futures has a wedge bull flag. But the bear body and many recent dojis make a continuation of the yearlong trading […]
Emini strong entry bar above August micro double bottom
Emini and Forex Trading Update:Friday August 9, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday was an exceptionally strong Small Pullback Bull Trend day. It reversed up from a one bar selloff on the open that tested Wednesday’s high. The bears could not close the gap above Wednesday’s […]
Emini micro double bottom with August 5 sell climax low
Emini and Forex Trading Update:Thursday August 8, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday reversed up from a test of Monday’s low. Because it had a bull body, it is a buy signal bar for today. It was also an outside up day. The bulls now have […]
Emini short covering after August collapse on China tariffs
Emini and Forex Trading Update:Wednesday August 7, 2019 I will update again at the end of the day. Pre-Open market analysis After a 4 day sell climax to below support, the Emini yesterday had a big gap up above Friday’s close. It sold off for a couple hours, but then reversed back up and closed […]
Emini possible measuring gap so might selloff to June low
Emini and Forex Trading Update:Tuesday August 6, 2019 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped down on the daily and weekly charts and sold off from the open. The gap might lead to a measured move down to near the June low. However, yesterday is also at […]
Emini bear surprise bar on weekly chart after July FOMC
Emini and Forex Trading Update:Monday August 5, 2019 I will update again at the end of the day. Pre-Open market analysis Last week’s bar on the weekly chart was surprisingly big. A Bear Surprise Bar typically has at least a small 2nd leg sideways to down. However, after the 8 week bull micro channel, this […]
Emini strong minor reversal after July Fed interest rate cut
Market Overview: Weekend Market Update The Emini had its 1st pullback on the weekly chart in 8 weeks. The selloff will probably last at least a couple more weeks and end between 2800 and 2900. The 30 year Treasury Bond Futures market is continuing up from the October low. The rally is a test of […]
