Trading Update: Wednesday April 6, 2022 Emini pre-open market analysis Emini daily chart The market broke above the February high during the U.S. day session for the second time. The bulls failed to keep the market above the February high, and the bears were able to successfully close the market below it. I stated yesterday […]
Emini bears want second failed breakout of February high
Trading Update: Tuesday April 5, 2022 Emini pre-open market analysis Emini daily chart The bulls were able to get a strong bull close yesterday, which reversed most of the March 31 bear bar. Bears want second failed breakout. Yesterday increases the odds that the market will go at least a little bit higher. The bulls […]
Emini likely to bounce for a day or two
Trading Update: Monday April 4, 2022 Emini pre-open market analysis Emini daily chart The Emini has had a pullback over the past few days following the strong rally from the March 14 low. The odds are the Emini is likely to bounce with a rally over the next day or so due to bears buying […]
Nifty 50 futures strong bull close in middle of trading range
Market Overview: Nifty 50 futures The Nifty 50 futures ended March with a strong bull close in middle of trading range after 5-6 months of indecisive bars. Now the only thing bulls need is a good follow-through bar for continuing the trend again after a long halt, but the bears only need a weak bull […]
Emini futures pause after testing February 2 high
Market Overview: S&P 500 Emini futures The S&P 500 Emini futures pause after testing the February 2 high this week on the weekly chart pulling back slightly to close below it. The bulls hope that this is simply a pause before the trend resumes higher to test the January high. The bears want the Emini to stall […]
DAX futures large sell climax
Market Overview: DAX 40 Futures DAX futures had a large sell climax in March but still closed slightly higher. We are sitting at the 50% retracement from the bear leg and are stalling around the 50-month MA. Next week traders will decide if we can get a successful high 1 buy on the monthly chart […]
FTSE futures continued higher
Market Overview: FTSE 100 Futures The FTSE futures continued higher with 4 weekly bull bars but failed to close above the highs of January or February so it is not as bullish as it could be. We are at the highs of a trading range and with tails on top it is reasonable to scale into […]
Nasdaq failed breakout above 20-week EMA
Market Overview: Nasdaq 100 Emini futures This week’s Nasdaq Emini candlestick is a Low 2 sell signal at the weekly EMA, but with a bull body. It essentially is a failed breakout above the 20-week EMA. The week started strong, going above the swing lower high of week of 1/31, but the last three days of the […]
Emini bulls disappointed with yesterday’s close on low
Trading Update: Friday April 1, 2022 Emini pre-open market analysis Emini daily chart Emini yesterday was a big bear bar with its close on low. The bear breakout bar was enough to make the odds favor a small second leg down. Yesterday was also a reminder that the daily chart is in a trading range. […]
Emini final trading day of the month
Trading Update: Thursday March 31, 2022 Emini pre-open market analysis Emini daily chart Today is the final trading day of the month, so the bulls want a strong close, and the bears want to disappoint monthly chart traders as much as possible. The Emini got a bear close yesterday after four consecutive bull bars on […]
