Trading Update: Wednesday February 9, 2022 Emini pre-open market analysis Emini daily chart Yesterday was an outside up day, and it closed just above Monday’s high, which is a sign of strength. It was also the 4th day in the pullback from the strong rally to the February 2 high. There is now a micro […]
Emini high 1 buy signal but bear bar in tight trading range
Trading Update: Tuesday February 8, 2022 Emini pre-open market analysis Emini daily chart The bears got an inside bar yesterday on the daily chart, making the market more neutral. The bulls have a high 1 buy above yesterday’s high. However, the signal bar is a bear bar in tight trading range and a four bar […]
Emini January rally beginning to stall
Trading Update: Monday February 7, 2022 Emini pre-open market analysis Emini daily chart The Emini had a strong reversal up to the December low and the 4500 round number last week. However, once the market reached the two targets, the bull bodies became smaller. This is a sign of trading range price action, with the […]
Emini January candlestick closed as outside down bear bar with long tail below
Market Overview: Weekend Market Analysis The SP500 Emini futures January monthly candlestick was an outside down bear bar with a long tail below. It closed slightly below the middle of the bar and is a sell signal bar for February. However, the long tail below makes it a weaker sell signal bar. The bar after an outside […]
Emini V-bottom rally stalling in sell zone in middle of 6 month trading range
Trading Update: Friday February 4, 2022 Emini pre-open market analysis Emini daily chart I have been saying that there should be a pullback for 1 to 3 days since the rally has reached a sell zone. Emini V-bottom rally stalling. That zone is the middle of the 6-month trading range at around a 50% retracement […]
Emini bulls disappointment likely today
Trading Update: Thursday February 3, 2022 Emini pre-open market analysis Emini daily chart Last week, the Emini had a strong reversal from below the October low, which is the bottom of the 6-month trading range. But Emini bulls disappointment still likely. As Al has been saying, this rally is currently a V-bottom. V-bottoms happened on […]
Emini 2022 V-bottom rally might stall soon
Trading Update: Wednesday February 2, 2022 Emini pre-open market analysis Emini daily chart The Emini reversed up strongly last week from below the October low, which was the bottom of the 6-month trading range. But the V-bottom rally might stall soon. The January selloff was also a test of the 200-day MA and the bottom […]
Emini strong reversal up from January selloff
Trading Update: Tuesday February 1, 2022 Emini pre-open market analysis Emini daily chart Yesterday’s rally on the Emini is a strong entry bar following the second entry buy on January 28. An Emini strong reversal up from January selloff. While the market might be always-in long, traders may still see this rally from the January […]
Emini bulls want to trigger Friday’s buy
Trading Update: Monday January 31, 2022 Emini pre-open market analysis Emini daily chart The bulls had a low 1 short trigger on Friday; however, Friday closed on its high, setting up a reasonable second entry buy setup on the daily chart following last week’s selloff. The bulls are hopeful that Monday will gap up, triggering […]
Emini strong bull reversal bar on weekly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures traded below October low and reversed sharply higher closing above last week’s close on the weekly chart, a strong bull reversal bar. Monday is the last trading day of the month. Bulls want a strong close above the middle of the monthly candlestick around 4500. Bears […]
