Market Overview: Weekend Market Analysis The SP500 Emini futures had a low 1 short two weeks ago on the weekly chart as the Emini bears want selloff below January low. While the bears may get the market to fall below the January low soon, the odds of them getting a successful breakout below are small. […]
Emini bulls want rally to January high
Trading Update: Friday February 18, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a strong bear trend bar reversing back to the February 14 low. The odds are today will be a disappointing bar for the bears, reminding traders that the market is still in a trading range. The Emini bulls want rally […]
Emini disappointment in middle of 7-month trading range
Trading Update: Thursday February 17, 2022 Emini pre-open market analysis Emini daily chart The Emini is in the middle of a 7-month trading range; therefore, it is neutral. There is a 50% probability of a bull breakout and a 50% probability of a bear breakout. There have been many reversals up and down that have […]
Emini bulls higher low major trend reversal wanted
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 […]