Trading Update: Wednesday September 8, 2021 Emini pre-open market analysis Emini daily chart Yesterday dipped below the bottom of the 6-day tight trading range, but then closed back in the range. Every day in September has traded through the open of the month, which tells traders that it is an important price. September is currently […]
Emini breakout above 4-week tight trading range needs follow-through
Emini and Forex Trading Update:Monday May 10, 2021 Pre-Open market analysis of daily chart Friday broke above 4-week tight trading range, and closed near the high of the day and of the week. Bulls need follow-through buying today or tomorrow to confirm Friday’s breakout. If they get it, traders will look for 100-point measured move […]
Emini yearlong rally trying to resume after 4-week tight trading range
Market Overview: Weekend Market Analysis The SP500 Emini futures bulls got a breakout above the 4-week trading range on Friday. Trying to resume the Emini yearlong rally. They want Monday to be another bull bar, which would confirm the breakout and make higher prices likely. The bulls want a 100-point measured move up, based on […]
Emini has 8 consecutive bear days in tight trading range
Emini and Forex Trading Update:Thursday May 6, 2021 Pre-Open market analysis of daily chart Yesterday was 8 consecutive bear days on the daily chart. That happens only once every few years, and it is therefore climactic. Since it is sideways instead of down, it is not a sell climax. It is simply a pattern that […]
