Trading Update: Tuesday March 15, 2022 Emini pre-open market analysis Emini daily chart Emini double bottom reversal up from March 8 low after bears close tested the low. The bulls hope yesterday’s selloff will form a double bottom with the March 8 low and lead to a reversal. Currently, the market is in a triangle […]
Emini becoming neutral on daily chart
Trading Update: Monday March 14, 2022 Emini pre-open market analysis Emini daily chart The Emini becoming neutral is going sideways, forming a triangle. The market is deciding if it will have to reach the February 24 low and possibly break below it or form another higher low and continue sideways to up. The bulls are […]
Emini bulls want close above open of week
Trading Update: Friday March 11, 2022 Emini pre-open market analysis Emini daily chart Today will be important to pay attention to the weekly chart, and open of the week. Emini bulls want close above open of week. The Emini formed another stop entry buy yesterday; however, it is in the middle of a tight trading […]
Emini rally back to middle of prior bear leg
Trading Update: Thursday March 10, 2022 Emini pre-open market analysis Emini daily chart Yesterday saw the Emini rally back to middle of prior bear leg. The market is still deciding if March 8 was enough of a test of the February 24 low or if the market has to get closer to it. While yesterday […]
Emini strong Globex session reversal
Trading Update: Wednesday March 9, 2022 Emini pre-open market analysis Emini daily chart A strong Globex session reversal up retraced most of yesterday’s range. On Monday, the bears had a strong breakout bar, closing below the January low. The bears got follow-through yesterday, which increases the odds that the market will have to reach the […]
Emini strong bear breakout but likely disappointment today
Trading Update: Tuesday March 8, 2022 Emini pre-open market analysis Emini daily chart Emini had a strong bear breakout yesterday; closing below the January low. The bears are hopeful this will test the February 24 low and possibly break below. While the bears had a strong bear trend bar yesterday, look to the left, it’s […]
Emini bulls want major trend reversal
Trading Update: Monday March 7, 2022 Emini pre-open market analysis Emini daily chart The bulls want major trend reversal and hope last Friday will lead to a head and shoulders bottom, a higher low major trend reversal, and become the start of a reversal up that will test the all-time high. The bulls have a […]
Emini Low 2 sell signal bar at the EMA but minor reversal
Trading Update: Friday March 4, 2022 Emini pre-open market analysis Emini daily chart Yesterday is a Low 2 sell signal bar at the 20-day EMA, but it will probably only lead to a minor reversal and a higher low. It is a bear bar closing near its low. The bears hope the 6-day rally is […]
Emini likely second leg up after wedge bottom
Trading Update: Thursday March 3, 2022 Emini pre-open market analysis Emini daily chart Emini bulls triggered a H1 buy with likely second leg up, by going above Tuesday’s buy signal bar; however, it was a bear signal bar that lowered the probability for the bulls. The bulls still have a wedge bottom with December 3 […]
Emini High 1 pullback in February lower low major trend reversal
Trading Update: Wednesday March 2, 2022 Emini pre-open market analysis Emini daily chart Bear bar yesterday so Emini High 1 pullback in late February lower low major trend reversal. Yesterday was bear bar and therefore low probability High 1 buy signal bar. The pullback might retrace half of the 3-day rally and test the January […]
