Trading Update: Friday January 21, 2022 Emini pre-open market analysis Emini daily chart The Emini formed a big bear bar closing on its low and below the December 3 low yesterday. That is a break below the 3-month trading range. Today is the follow-through day. If it is another bear day, it will confirm the […]
Emini bears failed to get follow-through selling on weekly chart
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures weekly candlestick was a bull doji bar. The bears failed to get follow-through selling following last week’s bear signal bar. The bulls see the 3 pushes down (December 3, December 20, and January 10) as a wedge bull flag and want […]
Emini strong leg down in 2-month trading range
Trading Update: Friday January 14, 2022 Emini pre-open market analysis Emini daily chart Yesterday triggered a sell signal by going below Wednesday’s low. There is an Emini lower high major trend reversal after a 4-month wedge top and strong leg down in 2-month trading range. But Wednesday was a doji bar and therefore a weak […]
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 in middle of September/October trading range
Trading Update: Wednesday October 13, 2021 Emini pre-open market analysis Emini daily chart Trading range since September 20 low. There is a lower low double bottom (September 20/October 4) and a lower high double top (September 23/October 7). In middle of September/October trading range. Breakout Mode, which means 50% chance of successful bull breakout and […]
Emini double top bear flag forming after double bottom bull flag
Market Overview: Weekend Market Analysis The SP500 Emini futures market is in a trading range with both an Emini double top bear flag and a double bottom bull flag. There is a 50% chance that a 15% correction is underway. The EURUSD Forex has weak bear follow-through on the weekly chart. It should test the […]
Emini has weak buy signal at bottom of 2-month trading range
Trading Update: Monday October 4, 2021 Emini pre-open market analysis Emini daily chart Friday was a big bull reversal bar. It was the 2nd reversal up from below the August trading range. There is now a lower low double bottom with the September 30 low. A 2-month trading range. However, Friday had a big tail […]
Emini bull streak evolving into trading range
Trading Update: Wednesday July 7, 2021 Emini pre-open market analysis Emini daily chart Yesterday’s low was below Thursday’s low so daily chart finally had a pullback after 11-day bull micro channel. Pulled back below 60-minute 20-bar EMA for 1st time in 70 bars so that Emini bull streak ended as well. Traders were willing to […]
Emini weak breakout above April/May trading range
Trading Update: Friday June 11, 2021 Emini pre-open market analysis Emini daily chart Yesterday was rollover day for the Emini, so traders should trade the September contract today. Yesterday reversed up from below the open of the week, and the open of the month. It closed near its open and in the middle of the […]
Emini at top of 2-month trading range in Small Pullback Bull Trend
Market Overview: Weekend Market Analysis The SP500 Emini futures market is at the top of a 2-month trading range. A bull breakout is slightly more likely. The bears want a reversal down from a double top. The EURUSD Forex is near the top of an 11-month trading range nested within a 7-year trading range. The […]