Trading Update: Wednesday October 19, 2022 Emini pre-open market analysis Emini daily chart The bulls gapped up yesterday, and the market sold off from the opening session and closed around its midpoint. But bulls poor follow-through, and a disappointing bar being a reminder that the market is still in a trading range environment. The bears […]
Bulls trying for upside breakout test of 3,800
Trading Update: Tuesday October 18, 2022 Emini pre-open market analysis Emini daily chart Yesterday, the market rallied and tested last Thursday’s bull close. The bulls see last Friday as a pullback from the rally on October 13. They want the market breakout to the upside and reverse Friday’s bear breakout bar. At the moment, the […]
Emini Bulls Want Rally to Test October 13 Close
Trading Update: Monday October 17, 2022 Emini pre-open market analysis Emini daily chart Friday was a disappointing bar and bad follow-through for the bulls. They want rally to test October 13 close. The bears hope that Thursday was a pullback from the breakout and test of 3,500, and they want today to trigger the short […]
Emini Bulls Follow-through Needed Today
Trading Update: Friday October 14, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a very good day for the bulls, with follow-through needed today, which might be the year’s low. While the odds favor a second leg up yesterday’s bull breakout, the bar is so climactic that the market may have to pull […]
Emini Bears Downside Breakout Overnight
Trading Update: Thursday October 13, 2022 Emini pre-open market analysis Emini daily chart Emini bears downside breakout overnight, and bears now have a 6-bar bear micro channel. The market is beginning to collect bear bars closing below midpoints under the June 17 low. The bulls keep trying to reverse the market up but failing. This […]
Emini Bulls Want Strong Buy Signal Bar Today
Trading Update: Wednesday October 12, 2022 Emini pre-open market analysis Emini daily chart The bulls tried to get a strong buy signal bar closing on its high yesterday after failing to break below the September 30 low. However, the market reversed down late yesterday, forming a doji bar. The bulls want strong buy signal bar […]
Emini Bulls Want to End Bear Streak
Trading Update: Tuesday October 11, 2022 Emini pre-open market analysis Emini daily chart The bears were able to get a follow-through yesterday after Friday’s big bear breakout. Bulls want to end bear streak. However, yesterday closed around its midpoint instead of on its low. This is a sign of weakness by the bears, and the […]
Emini Bears Likely Disappointment Today
Trading Update: Monday October 10, 2022 Emini pre-open market analysis Emini daily chart Last Friday, the bears did a great job reversing the bull breakout that began early last week. While the bears want follow-through, bears likely disappointment today. The bears hope this is the start of the move that will break far below the […]
Emini bears want strong entry bar today
Trading Update: Friday October 7, 2022 Emini pre-open market analysis Emini daily chart The bears got an inside bar yesterday, closing near its low. This creates a second entry short after the prior days outside the up bar. The bears want to trigger the short and want strong entry bar and successful bear breakout below […]
Emini Sideways to Up Likely and Test of 4,000
Trading Update: Thursday October 6, 2022 Emini pre-open market analysis Emini daily chart The bulls got a second leg up from the two-bar bull breakout on Monday and Tuesday. They are hoping for sideways to up likely with test of the 4,000 big round number. However more likely the market will continue sideways for now. […]
