Trading Update: Wednesday June 1, 2022 Emini pre-open market analysis Emini daily chart Emini bears hopeful for 2nd leg trap, wanting a three-bar bull bar rally up to May 27 and a test of the May 25 low. Bulls see the three consecutive bull bars up to May 27 as a strong enough bull breakout […]
Emini possible measured move up and test of April 18 low
Trading Update: Wednesday June 1, 2022 Emini pre-open market analysis Emini daily chart The three consecutive bull breakout bars are strong enough for a second leg up and possible measured move up that would project to around the April 18 low. Bears hope that the three consecutive bull bars are a 2nd leg trap that […]
Emini closed above 9-month trading range low
Trading Update: Tuesday May 31, 2022 Emini pre-open market analysis Emini daily chart The market closed above the 9-month trading range low last Friday, creating a failed bear breakout. The odds are the market will test the middle of the 9-month trading range sometime soon. The bulls got a strong bull breakout above the 20-period […]
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