Trading Update: Friday August 26, 2022 Emini pre-open market analysis Emini daily chart The bulls got a strong rally into the close yesterday, which caused yesterday to close on its high. Bulls strong follow-through bar wanted today to increase the odds of testing the August high. This is good for the bulls and increases the […]
Emini may go sideways around midpoint of year
Trading Update: Thursday August 25, 2022 Emini pre-open market analysis Emini daily chart The Emini may go sideways as the market will likely bounce and test the midpoint of the year around 4,220. The midpoint of the year is an important magnet, and the market may have difficulty getting far away from it. The bears […]
Emini bulls want rally up to 4,200
Trading Update: Wednesday August 24, 2022 Emini pre-open market analysis Emini daily chart The market had a bear close yesterday, but it was a doji close near the open of the day. This is a sign of loss of momentum by the bears and increases the odds that the market will bounce soon and bears […]
Emini likely bounce to form lower high
Trading Update: Tuesday August 23, 2022 Emini pre-open market analysis Emini daily chart Emini likely bounce to form lower high. Yesterday was a good bar for the bears and increases the odds that the first reversal up will fail and lead to a lower high. The market is testing down to support and may have […]
Emini strong enough selloff to expect 2nd leg down
Trading Update: Monday August 22, 2022 Emini pre-open market analysis Emini daily chart Emini strong enough selloff on daily chart, likely forming a pullback down to the 4,000 big round number. The overnight selloff on the daily chart increases the odds that the first reversal up will fail and lead to a 2nd leg down. […]
Bears want close below week open
Trading Update: Friday August 19, 2022 Emini pre-open market analysis Emini daily chart The open of the week (4,258.25) will be important today. The bulls have four consecutive bull bars on the weekly chart, and the bears want close below week open, and will try their best to end the bull streak. Traders should pay […]
Emini exhausted with likely pullback
Trading Update: Thursday August 18, 2022 Emini pre-open market analysis Emini daily chart Emini exhausted with likely pullback 300 points down before it rallies another 300 points. It is important to remember that exhaustion means the market went too far too fast. Exhaustion often leads to trading range price action and not an opposite trend. […]
Emini likely profit taking at 200-day moving average
Trading Update: Wednesday August 17, 2022 Emini pre-open market analysis Emini daily chart The Emini is testing the 200- day moving average on the daily chart for the first time since April 21 of this year. There will likely be profit taking, however any selloff will likely be minor. The market has multiple resistance levels […]
Emini racing up to April 18 low
Trading Update: Tuesday August 16, 2022 Emini pre-open market analysis Emini daily chart Emini racing up to April 18 low. Bulls got a strong trend bar yesterday and are getting close to the top of the bear channel (4,350 area); the odds are the market will have to reach the bear trendline above. The market […]
Emini testing bull channel top
Trading Update: Monday August 15, 2022 Emini pre-open market analysis Emini daily chart Emini testing bull channel top, with strong close last week. Bulls are trying their best to reach 4,300 and top of bull channel from the January high and the March 29 high. The rally is becoming exhaustive, increasing the odds of a […]
