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 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 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 reversal up after sell climax testing October low
Trading Update: Thursday January 27, 2022 Emini pre-open market analysis Emini daily chart The bulls want a reversal from the 200-day moving average after the spike and parabolic sell climax. The market has a wedge top on the daily chart, with the third push-up being December 28. The selloff to January 24 may be the […]
Emini strong reversal up from October 2021 low
Trading Update: Tuesday January 25, 2022 Emini pre-open market analysis Emini daily chart Emini had a 200-point bull reversal day yesterday after falling below the October 2021 lows. A strong reversal up. Bulls are hoping the selloff from January 4 to yesterday’s bull reversal bar is a large 2nd leg trap that will lead to […]
Emini bears likely disappointment today
Trading Update: Monday January 24, 2022 Emini pre-open market analysis Emini daily chart The Emini broke below the December 2021 lows and the 200-day moving average last week. Al has been saying the Emini has likely been in a trading range since July 2021 on the daily chart. So the odds have favored a test […]
Emini bears need follow-through today
Trading Update: Thursday January 20, 2022 Emini pre-open market analysis Emini daily chart Emini is testing the 100-day moving average and broke below the daily and weekly trendline. The Emini bears need follow-through. December low is so close we will probably have to reach it to satisfy a test. The bears still see the wedge […]
Emini continued disappointment on the daily chart
Trading Update: Tuesday January 18, 2022 Emini pre-open market analysis Emini daily chart Emini continued disappointment with daily chart in likely trading range since July. Bears see Friday, January 14 as a breakout pullback and are hoping January 13 is a lower high major trend reversal that reaches the December and October 2021 lows. The […]
