Trading Update: Thursday January 13, 2022 Emini pre-open market analysis Emini daily chart Emini reversed up strongly on January 10 and had strong follow-through on January 11. The odds are we will go higher, but Emini stalling at the November 22 and December 16 highs, which is an area of resistance. The bulls are hopeful […]
Emini strong entry bar after yesterday’s January reversal up
Trading Update: Wednesday January 12, 2022 Emini pre-open market analysis Emini daily chart Monday reversed up strongly from the bottom of the 20-week EMA and the bull trend lines on the daily and weekly charts. It was also a test of the 100-day MA and the 4,600 Big Round Number. Yesterday triggered the buy signal […]
Emini new high but weekly outside bear bar closed near low
Market Overview: Weekend Market Analysis The SP500 Emini futures traded lower after making a new high this week. An outside bear bar on the weekly chart. It is a 50% pullback from the December 20 rally. Bears want a test of the December low from a higher high double top with November 22, or a […]
Emini minor January reversal from wedge rally at measured move targets
Trading Update: Friday January 7, 2022 Emini pre-open market analysis Emini daily chart Emini at measured move targets with bull doji yesterday at the 50-day EMA. Weak follow-through after Wednesday’s big bear day. Yesterday is a High 1 buy signal bar at the 50-day MA. The bulls hope that Wednesday is just a bear trap […]
Emini rally pausing at last year’s high and 4800
Trading Update: Wednesday January 5, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a bear day and a reversal down from a new high. Emini rally pausing with a sell signal bar for today. However, it closed in the middle of its range and in the middle of a 6-day tight trading range. […]
Emini closed 2021 near new all-time high
Market Overview: Weekend Market Analysis The SP500 Emini futures closed 2021 near new all-time high. This week was a weak breakout above the 8-week trading range to the new all-time high. Bulls want a continuation higher to test the top of the trend channel line and the 5000 big round number. Bears want a reversal […]
Emini bulls want rally to new high before year end
Trading Update: Wednesday December 22, 2021 Emini pre-open market analysis Emini daily chart Yesterday was big bull day closing near its high. Monday was 1-day island bottom at bottom of bull channel, just below the September 2 high, and just above 100-day MA and December 3 low. It was also a test of the 4500 […]
Emini in middle of 7-week trading range with 2 weeks before month closes
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures are in the middle of 7-week trading range with 2 weeks remaining in 2021. The probability is slightly higher for a new high before a test of the December low. The EURUSD Forex market has been in a trading […]
Emini bulls want breakout above November all-time high
Trading Update: Friday December 17, 2021 Emini pre-open market analysis Emini daily chart Yesterday was a big bear day after a big bull day on Wednesday. Yesterday’s low was above Wednesday’s low. Emini bulls want breakout above November all-time high. The bulls hope that yesterday was just a deep pullback from Wednesday’s rally. They want […]
Emini close of year to be decided after today’s FOMC statement
Trading Update: Wednesday December 15, 2021 Emini pre-open market analysis Emini daily chart Yesterday gapped down, creating a 5-day island top. However, it reversed up from a 50% retracement of the December rally, the 4600 Big Round Number, and a test of the bottom of last week’s gap up. Yesterday closed just above the open […]
