Trading Update: Tuesday May 10, 2022 Emini pre-open market analysis Emini daily chart Emini close below 4,000 for the first time in over a year. Bears hope this will lead to a successful bear breakout and measured move down from the February – March trading range, which would test the 3,600-price level. The market has […]
Emini market testing May 2 low
Trading Update: Monday May 9, 2022 Emini pre-open market analysis Emini daily chart Friday closed as a doji bar with a small bull body around the May 2 low. Emini market testing May 2 low and bulls hope the market is forming a double bottom, which will lead to a test of the May 4 […]
Emini bears completely reversed bull breakout
Trading Update: Friday May 6, 2022 Emini pre-open market analysis Emini daily chart The bears completely reversed bull breakout bar (May 4 bull trend bar). However, the bears were unable to close the market on its low. Yesterday also has a big tail below it, increasing the odds of a possible inside day today. Bulls […]
Emini bulls likely follow-through after FOMC rally yesterday
Trading Update: Thursday May 5, 2022 Emini pre-open market analysis Emini daily chart The bulls got a strong bull breakout following FOMC report, with likely follow-through after FOMC rally yesterday, over the next several days. Yesterday was a surprise bull breakout, which means that the odds favor at least a second leg up and that […]
Emini bulls want strong breakout or consecutive trend bars
Trading Update: Wednesday May 4, 2022 Emini pre-open market analysis Emini daily chart Update: I forgot to mention today is an FOMC day. Traders should exit any intraday trade 1 hour before report is released. The bulls want a strong breakout or at least consecutive trend bars to make the market always in long and […]
Emini bulls want strong entry bar today
Trading Update: Tuesday May 3, 2022 Emini pre-open market analysis Emini daily chart The Emini broke below the February low yesterday and reversed up as a bull bar closing near its high. The bulls want a strong entry bar today, increasing the odds that the market reaches the April 18 low (4,364.5) and possibly higher. […]
Emini likely to reach February low this week
Trading Update: Monday May 2, 2022 Emini pre-open market analysis Emini daily chart Emini closed near its low last Friday, creating a strong bear close on the weekly chart The market is close enough and likely to reach February low (4,100.25) sometime this week. Bulls want to prevent the bears from reaching the February low […]
Emini bulls want test of April 18 low
Trading Update: Friday April 29, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a reminder that the market is in a trading range, and the bulls want test of the April 18 low soon, which is the breakout below the wedge bottom. The bulls had a micro double bottom (April 25 and April […]
Emini likely to bounce and test April 25 close
Trading Update: Thursday April 28, 2022 Emini pre-open market analysis Emini daily chart Emini likely to bounce and will probably get back to the April 25 close. This is because some bulls who bought before the April 25 signal bar triggered (or during the Globex session, which it did trigger) would be willing to buy […]
Emini bulls want micro double bottom and bounce
Trading Update: Wednesday April 27, 2022 Emini pre-open market analysis Emini daily chart The Emini bulls want a micro double bottom and bounce today. They will likely get a bull close due to the bears reaching the target of the March 14 low. If today closes near its high, it could set up a credible […]
