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 […]
Emini likely 1-3 day pullback following last week’s bull breakout
Trading Update: Tuesday March 22, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a doji with a bull close. It was also the 5th consecutive bull bar, which significantly increased today’s odds of having a bear close. The odds are the market will have a 1-3 day pullback, and yesterday may be the […]
Emini strong bull breakout of March 3 high
Trading Update: Monday March 21, 2022 Emini pre-open market analysis Emini daily chart Emini strong bull breakout with 4 consecutive bull bars following a higher low major trend reversal. These three bars are strong enough that the odds favor a second leg sideways to up. The bulls are hopeful that this is the rally that […]
Emini bulls want breakout above March 3
Trading Update: Friday March 18, 2022 Emini pre-open market analysis Emini daily chart The bulls have three consecutive bull bars on the daily chart. This increases the odds of a second leg up and a test of the top of the wedge (February 9). Emini bulls want breakout above March 3. The bulls hope that […]
Emini bull breakout of wedge bottom
Trading Update: Thursday March 17, 2022 Emini pre-open market analysis Emini daily chart Yesterday, the bulls had a strong entry bar following the truncated wedge (January, February, and the March 8 Double bottom). A breakout of wedge bottom. The bulls are hopeful that this is the start of two legs up that will lead to […]
Emini bulls hoping for truncated wedge
Trading Update: Wednesday March 16, 2022 Emini pre-open market analysis Emini daily chart The bulls had a strong rally yesterday after testing the March 8 low on the previous day. Emini bulls now hoping for truncated wedge. The market is still in a 7-bar tight trading range, making the probability of stop entries weak. The […]
