Trading Update: Tuesday February 15, 2022 Emini pre-open market analysis Emini daily chart Emini bulls higher low major trend reversal wanted. The daily chart tested the February 2 high last week and failed to break above it. The bears want follow-through after February 11 and are hopeful this is a double top lower high, major […]
Emini bears want follow-through today
Trading Update: Monday February 14, 2022 Emini pre-open market analysis Emini daily chart The daily chart tested the February 2 high last week and failed to break above it. The bears want follow-through after February 11 and are hopeful this is a double top lower high, major trend reversal setup that will break below the […]
Emini bulls likely disappointed after higher low major trend reversal
Trading Update: Thursday February 10, 2022 Emini pre-open market analysis Emini daily chart The daily chart had a gap up yesterday following a micro double bottom. This is strong enough context that the market should move up for a day or two. The bulls want resumption of the V-bottom reversal up and are hopeful it […]
Emini high 1 buy signal but bear bar in tight trading range
Trading Update: Tuesday February 8, 2022 Emini pre-open market analysis Emini daily chart The bears got an inside bar yesterday on the daily chart, making the market more neutral. The bulls have a high 1 buy above yesterday’s high. However, the signal bar is a bear bar in tight trading range and a four bar […]
Emini January rally beginning to stall
Trading Update: Monday February 7, 2022 Emini pre-open market analysis Emini daily chart The Emini had a strong reversal up to the December low and the 4500 round number last week. However, once the market reached the two targets, the bull bodies became smaller. This is a sign of trading range price action, with the […]
Emini bulls disappointment likely today
Trading Update: Thursday February 3, 2022 Emini pre-open market analysis Emini daily chart Last week, the Emini had a strong reversal from below the October low, which is the bottom of the 6-month trading range. But Emini bulls disappointment still likely. As Al has been saying, this rally is currently a V-bottom. V-bottoms happened on […]
Emini strong reversal up from January selloff
Trading Update: Tuesday February 1, 2022 Emini pre-open market analysis Emini daily chart Yesterday’s rally on the Emini is a strong entry bar following the second entry buy on January 28. An Emini strong reversal up from January selloff. While the market might be always-in long, traders may still see this rally from the January […]
Emini bulls want to trigger Friday’s buy
Trading Update: Monday January 31, 2022 Emini pre-open market analysis Emini daily chart The bulls had a low 1 short trigger on Friday; however, Friday closed on its high, setting up a reasonable second entry buy setup on the daily chart following last week’s selloff. The bulls are hopeful that Monday will gap up, triggering […]
Emini reversal up after sell climax testing October low
Trading Update: Thursday January 27, 2022 Emini pre-open market analysis Emini daily chart The bulls want a reversal from the 200-day moving average after the spike and parabolic sell climax. The market has a wedge top on the daily chart, with the third push-up being December 28. The selloff to January 24 may be the […]
Emini strong reversal up from October 2021 low
Trading Update: Tuesday January 25, 2022 Emini pre-open market analysis Emini daily chart Emini had a 200-point bull reversal day yesterday after falling below the October 2021 lows. A strong reversal up. Bulls are hoping the selloff from January 4 to yesterday’s bull reversal bar is a large 2nd leg trap that will lead to […]