Market Overview: Weekend Market Analysis The SP500 Emini futures market had consecutive closes above the May 7 breakout point this week on the daily chart. Emini consecutive closes increase the chance of a successful breakout. The bulls will need bigger bull bars, and more bull bars if the breakout is to reach a 200-point measured […]
Emini weak breakout above April/May trading range
Trading Update: Friday June 11, 2021 Emini pre-open market analysis Emini daily chart Yesterday was rollover day for the Emini, so traders should trade the September contract today. Yesterday reversed up from below the open of the week, and the open of the month. It closed near its open and in the middle of the […]
Emini breakout above 4-week tight trading range needs follow-through
Emini and Forex Trading Update:Monday May 10, 2021 Pre-Open market analysis of daily chart Friday broke above 4-week tight trading range, and closed near the high of the day and of the week. Bulls need follow-through buying today or tomorrow to confirm Friday’s breakout. If they get it, traders will look for 100-point measured move […]
How to trade foreign exchange market weak breakouts
This is an example of Forex exchange market trading, showing how to trade a weak breakout in the EURUSD. It is from my Futures Magazine webinar for the Traders Expo earlier this week. This is a transcript that was created by YouTube’s Close Caption voice to text, so it probably is not perfect. Hi. I’m […]
