Market Overview: DAX 40 Futures DAX futures closed lower last week with a Micro Double Top (DT) and failed buy signal but without new lows. The weekly broad bear channel has set up a possible head and shoulders sell on the daily chart. The bulls have managed to reverse consecutive bear bars and with buyers […]
Emini High 1 pullback in February lower low major trend reversal
Trading Update: Wednesday March 2, 2022 Emini pre-open market analysis Emini daily chart Bear bar yesterday so Emini High 1 pullback in late February lower low major trend reversal. Yesterday was bear bar and therefore low probability High 1 buy signal bar. The pullback might retrace half of the 3-day rally and test the January […]
Emini weak High 1 buy signal but in middle of 4-month trading range
Trading Update: Monday October 11, 2021 Emini pre-open market analysis Emini daily chart Friday triggered a weak Low 2 sell signal. With Friday closing near its low, there is an increased chance of at least slightly lower prices today. Bears want gap down today or this week so that there would be an island top […]
Emini High 1 buy signal bar but weak after June FOMC
Trading Update: Friday June 18, 2021 Emini pre-open market analysis Emini daily chart Fell below Wednesday’s low, but reversed up and closed just above open. Yesterday is an Emini High 1 buy signal bar, but after 2 big bear days, and without a big bull body, it is a weak buy setup. However, it was […]
Emini triggered weekly High 1 buy signal going into end of 1st quarter
Emini and Forex Trading Update:Tuesday March 30, 2021 Pre-Open market analysis of daily chart Bulls failed to get gap up on weekly chart yesterday, but yesterday was a good bull day on daily chart. Increased chance of new all-time high, and test 4,000 today or this week. End of the quarter window dressing rally is […]
