Emini and Forex Trading Update: Thursday February 5, 2021Yesterday was the 3rd consecutive bull day on the daily chart, but it had a small bull body. The bulls want a breakout above the month-long trading range, which means testing all-time high fr ...
The Emini has been in a trading range for a month, and a buy climax at top of trading range. Traders are buying selloffs and selling rallies. The bulls reversed the market up after 2 big selloffs over the past 5 days. They want a new all-time high. B ...
Yesterday was a bull trend day and it reversed Friday’s selloff. It is a High 2 buy signal bar for today on the daily chart. But it has a prominent tail on top, and the Emini has been in the January trading range. This is a low probability buy setup. ...
The bulls want February to be a bull inside bar on the monthly chart. There would then be another ioi, like in October, and traders will look for another leg up in March.The bears want February to trade below the January low. That would trigger a m ...
The Emini formed a big day yesterday after a big bear day Wednesday. While yesterday traded above Wednesday’s high, it closed below the middle of the range, and near the open. Big Down, Big Up, Big Down creates Big Confusion. Confusion is a hallmark ...
Pre-Open market analysisYesterday was an outside up day, an Emini outside bar, but it closed near the open of the day, which is relatively neutral. The bull trend is strong on the daily, weekly, and monthly charts. Traders will continue to buy ever ...
Friday pulled back from another new all-time high going into the final week of January. Because it had a bull body, it is a High 1 late in bull channel buy signal bar. But Friday had a prominent tail on top, and the Emini is at the top of channels on ...
Yesterday closed with 5 consecutive bull bars on the daily chart. Since that is extreme, it increases the chance of a bear day today or tomorrow. But unless there is a strong reversal down, the bulls will continue to buy pullbacks on the daily chart. ...
The Emini is breaking above the top of the December bull channel. There is a 75% chance that the breakout will reverse down within about 5 bars. But with Friday and last week closing on the highs, the buy climax might continue higher early this week ...
The SP500 Emini futures bull trend is strong and traders expect higher prices. But it is breaking above bull channels on the daily and monthly charts, and any breakout above bull channel typically fails by about 5 bars. The bond futures market is b ...
