Market Overview: Weekend Market Analysis The SP500 Emini futures market is reversing down on the daily chart from a wedge rally to double top (higher high) with the May high. If the bears get follow-through selling next week, the rally will test the May low. The EURUSD Forex market on the weekly chart is reversing […]
Emini outside down sell signal bar and double top with May 7 high
Emini and Forex Trading Update:Wednesday June 2, 2021 Pre-Open market analysis of daily chart Yesterday was outside down day. It is therefore an outside down sell signal bar for a double top with the May 7 all-time high. Because it closed below Friday’s low, there is an increased chance of a bear trend day today. […]
Emini weekly chart sell signal bar for minor double top just below 4,000
Market Overview: Weekend Market Analysis The SP500 Emini futures in strong bull trend on all time frames. However, there is now a sell signal bar for a small minor double top on the weekly chart, just below the 4,000 Big Round Number. Traders expect higher prices, even if there is a 1- to 2-week pullback […]