Trading Update: Friday November 4, 2022 Emini pre-open market analysis Emini daily chart The bears got the minimum follow-through yesterday after Wednesday’s large bear breakout bar. The odds are that the market will have a second leg down to the October 21 low; but with an Emini bounce possible going above the November 2 high. […]
Emini May Test down to October 21 Low
Trading Update: Thursday November 3, 2022 Emini pre-open market analysis Emini daily chart The Emini had a strong reversal following the FOMC report yesterday and the Emini may test down and reach the October 21 low before the market can bottom. The buy-the-close bulls who bought the October 28 bull breakout were disappointed with the […]
Emini Bears Want Strong Selloff Following Today’s FOMC Statement
Trading Update: Wednesday November 2, 2022 Emini pre-open market analysis Emini daily chart Today is a FOMC Day, and bears want strong selloff to be the catalyst for a strong bear breakout following the report. Yesterday is a reminder that the market may have to pull back before reaching the 4,000 big round number. While […]
Emini 4,000 Big Round Number Magnet Above
Trading Update: Tuesday November 1, 2022 Emini pre-open market analysis Emini daily chart The Emini has been in a tight bull channel for several bars and is so close to the 4,000 big round number magnet that it may be unable to escape that target’s gravitational pull. While the rally up to October 28 is […]
Emini will probably need to reach 4,000
Trading Update: Monday October 31, 2022 Emini pre-open market analysis Emini daily chart The Emini got back to 3,900 last week and will probably have to reach 4,000 sometime this month. While the rally from October 13th is strong, it is still more likely a leg in a trading range than a bull trend. The […]
Bitcoin Ruptura de Directriz Bajista
Visión General del Mercado: Futuros de Bitcoin Los futuros sobre Bitcoin rompieron la directriz bajista al cotizar lateralmente, lo que denota una significante pérdida de fuerza de los bajistas. Los alcistas no parecen ser fuertes, pero como se da la situación de que muchos bajistas podrían estar saliendo de sus operaciones en corto, el precio, […]
Crude Oil Triggered High 2 Buy Signal
Market Overview: Crude Oil Futures The Crude oil futures triggered the High 2 buy signal from a higher low major trend reversal (Oct 18). Bulls need a strong follow-through bar trading far above the 20-week exponential moving average and the bear trend line to increase the odds of higher prices. Bears hope that this is […]
EURUSD Weak Follow-through Bull Bar
Market Overview: EURUSD Forex The EURUSD Forex bulls got a weak follow-through bull bar following last week’s High 2 buy entry. The prominent tail above this week’s candlestick indicates that the bulls are not yet as strong as they would like to be. The bulls need to do more to convince traders that a larger sideways […]
Emini Strong Follow-through Bull Bar
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bulls got a strong follow-through bull bar following last week’s High 2 buy entry. Since this week closed near its high, odds slightly favor the Emini to trade at least a little higher. If the bulls continue to create strong consecutive bull bars closing near their […]
DAX 40 Always in Long at the 20-Week MA
Market Overview: DAX 40 Futures DAX futures moved up again this week, so we are always in long at the 20-Week Moving Average (MA.) It has been an extended bear trend down to the lows of the COVID breakout, and we are testing the breakout on October 28th, 2020. We have retraced 2 years of […]
