Trading Update: Friday March 4, 2022 Emini pre-open market analysis Emini daily chart Yesterday is a Low 2 sell signal bar at the 20-day EMA, but it will probably only lead to a minor reversal and a higher low. It is a bear bar closing near its low. The bears hope the 6-day rally is […]
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 strong reversal up from breakout below January OO sell signal bar
Trading Update: Friday February 25, 2022 Emini pre-open market analysis Emini daily chart Yesterday reversed up strongly from a breakout below the January OO sell signal bar on the monthly chart. That low was also the bottom of a 7-month trading range. Yesterday was a big bull bar closing near its high. It is therefore […]
Emini bulls want double bottom higher low major trend reversal with January 28 low
Trading Update: Wednesday February 23, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a weak reversal up from a double bottom higher low major trend reversal with January 28 low. If the bulls get consecutive bull bars closing above the February 9 high, they would then likely get a break above the January […]
Emini strong entry bar for February higher low major trend reversal
Trading Update: Wednesday February 16, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a bull bar closing near its high, which is an Emini strong entry bar for the February higher low major trend reversal. Even though the 5-minute chart closed in the middle of its range, the daily chart closed at the […]
Emini micro double top and double top with February 2 high
Trading Update: Friday February 11, 2022 Emini pre-open market analysis Emini daily chart An Emini micro double top formed over the past 2 days and a double top with the February 2 high. The Emini has been reversing up from a sell climax for 2 weeks. Yesterday rallied on the open, but then sold off […]
Emini Higher Low Major Trend Reversal but in 7-month trading range
Trading Update: Wednesday February 9, 2022 Emini pre-open market analysis Emini daily chart Yesterday was an outside up day, and it closed just above Monday’s high, which is a sign of strength. It was also the 4th day in the pullback from the strong rally to the February 2 high. There is now a micro […]
Emini V-bottom rally stalling in sell zone in middle of 6 month trading range
Trading Update: Friday February 4, 2022 Emini pre-open market analysis Emini daily chart I have been saying that there should be a pullback for 1 to 3 days since the rally has reached a sell zone. Emini V-bottom rally stalling. That zone is the middle of the 6-month trading range at around a 50% retracement […]
Emini 2022 V-bottom rally might stall soon
Trading Update: Wednesday February 2, 2022 Emini pre-open market analysis Emini daily chart The Emini reversed up strongly last week from below the October low, which was the bottom of the 6-month trading range. But the V-bottom rally might stall soon. The January selloff was also a test of the 200-day MA and the bottom […]
Emini low 1 sell signal but after Monday’s reversal up from sell climax
Trading Update: Friday January 28, 2022 Emini pre-open market analysis Emini daily chart Yesterday was the 4th day in a tight trading range after a breakout below the October low, which is the bottom of a 6-month trading range. An Emini low 1 sell signal. Since yesterday was an inside day, it is both a […]