Trading Update: Tuesday April 5, 2022 Emini pre-open market analysis Emini daily chart The bulls were able to get a strong bull close yesterday, which reversed most of the March 31 bear bar. Bears want second failed breakout. Yesterday increases the odds that the market will go at least a little bit higher. The bulls […]
Emini likely to bounce for a day or two
Trading Update: Monday April 4, 2022 Emini pre-open market analysis Emini daily chart The Emini has had a pullback over the past few days following the strong rally from the March 14 low. The odds are the Emini is likely to bounce with a rally over the next day or so due to bears buying […]
Emini bulls disappointed with yesterday’s close on low
Trading Update: Friday April 1, 2022 Emini pre-open market analysis Emini daily chart Emini yesterday was a big bear bar with its close on low. The bear breakout bar was enough to make the odds favor a small second leg down. Yesterday was also a reminder that the daily chart is in a trading range. […]
Emini final trading day of the month
Trading Update: Thursday March 31, 2022 Emini pre-open market analysis Emini daily chart Today is the final trading day of the month, so the bulls want a strong close, and the bears want to disappoint monthly chart traders as much as possible. The Emini got a bear close yesterday after four consecutive bull bars on […]
Emini sideways likely for a day or two
Trading Update: Wednesday March 30, 2022 Emini pre-open market analysis Emini daily chart The current rally is very climactic, with only one bear bar in 11 bars, so the odds are we will see Emini sideways likely for a few days to relieve the exhausted bulls. The daily chart closed above the February high and […]
Emini bulls breaking above 4,600 and February high
Trading Update: Tuesday March 29, 2022 Emini pre-open market analysis Emini daily chart Emini bulls breaking above 4,600 with the Emini reaching the February high today and 4,600 round number during the Globex session So far, the bulls have a strong breakout since the March 14 low. The bulls are hopeful that this rally is […]
Emini tight bull channel testing February 9 high
Trading Update: Monday March 28, 2022 Emini pre-open market analysis Emini daily chart Emini tight bull channel on daily chart and near the February 9 high and 4,600. Both of these are magnets, and the market is probably close enough it will have to get there. The bulls are hopeful that this rally will continue […]
Emini bulls want strong close on weekly chart
Trading Update: Friday March 25, 2022 Emini pre-open market analysis Emini daily chart Emini bulls had a strong reversal following the L1 that was triggered on Wednesday. Bulls want strong close on weekly chart. The market is trying to test the February 9 high and the 4,600 considerable round number and will most likely have […]
Emini reversal up from Low 1 pullback
Trading Update: Thursday March 24, 2022 Emini pre-open market analysis Emini daily chart Emini reversal up from low 1 pullback with market finally getting a bear close yesterday after five consecutive bull closes. With yesterday triggering a low 1 (L1) short, odds are this L1 will lead to a 1-3 day pullback. The pullback might […]
Emini likely to close below open by end of day
Trading Update: Wednesday March 23, 2022 Emini pre-open market analysis Emini daily chart Emini bulls now have six consecutive bull closes on the daily chart. The odds are today will have a bear close below open, and the market will pullback for 1-3 days. So far, this is a strong enough rally to make the […]