Emini and Forex Trading Update:Thursday May 7, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday traded below Tuesday’s low. That triggered a sell signal on the daily chart. This week triggered a minor sell signal on the weekly chart when Monday traded below last week’s low. […]
Emini May rally but likely lower high
Emini and Forex Trading Update:Wednesday May 6, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini rallied yesterday, but reversed down from around the 20 week EMA. Yesterday’s candlestick is a Low 1 sell signal bar for today. However, it was only a doji bar on the daily […]
Emini minor sell signal in May at 20 week EMA
Emini and Forex Trading Update:Tuesday May 5, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini traded below last week’s low yesterday. That triggered a minor sell signal on the weekly chart. But since there is a 6 bar bull micro channel, the reversal down should be minor. […]
Emini April nested wedge top is minor sell signal
Emini and Forex Trading Update:Monday May 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down last week from a nested wedge top on the daily chart. This is probably the start of a 2 – 3 week pullback to around 2600. Since the 6 week […]
Emini nested wedge buy climax in April but minor monthly buy signal
Market Overview: Weekend Market Update The Emini is turning down from a nested wedge rally on the daily chart. This week is a good candidate for the start of a 2 – 3 week pullback. The bond futures market has been sideways for 8 weeks after an extreme buy climax. It will probably be in […]
Emini April rally has nested wedge buy climaxes at resistance
Emini and Forex Trading Update:Friday May 1, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down yesterday, but was sideways for most of the day. There is a wedge buy climax on the 60 minute chart. It is nested within a bigger wedge buy climax on […]
Emini rally in April erased the March crash
Emini and Forex Trading Update:Thursday April 30, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying that the Emini probably had to test the weekly EMA before there would be a 2 – 3 week pullback. The 7 week bull micro channel is extreme and it […]
Emini wedge top in April for minor reversal down
Emini and Forex Trading Update:Wednesday April 29, 2020 I will update again at the end of the day. Pre-Open market analysis There is an FOMC announcement today at 11 a.m. PST. That often leads to a big move up or down. However, there will probably not be any surprises from the meeting. There are now […]
Emini weekly buy signal but at 20 week EMA
Emini and Forex Trading Update:Tuesday April 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a weekly buy signal yesterday by going above last week’s high. The most important factor currently is the 20 week EMA. There is a 6 week bull micro channel on the […]
Weekly Emini High 1 bull flag just below EMA
Emini and Forex Trading Update:Monday April 27, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is in a bull trend on both the weekly and daily charts. Last week was an inside bar on the weekly chart. It is therefore a High 1 bull flag buy signal […]
