Trading Update: Tuesday July 26, 2022 Emini pre-open market analysis Emini daily chart Emini bears want close below breakout point of June 28, damaging the bull case. The market formed an inside bar yesterday, closing near the open of the bar. Bulls hope that yesterday will lead to a successful pullback (high 1) buy setup […]
Emini bulls want breakout to reach June high
Trading Update: Monday July 25, 2022 Emini pre-open market analysis Emini daily chart The bulls broke above the neckline (June 28) of the double bottom (July 14) last week. Bulls want breakout to lead to a measured move up and test of the June 2nd major low or high. The measured move from the July […]
Emini strong breakout above neckline of double bottom
Trading Update: Friday July 22, 2022 Emini pre-open market analysis Emini daily chart The bulls have done a great job getting consecutive bull closes above the June 28 high this week. This will likely lead to a successful bull breakout above neckline (June 28) of the double bottom (June 30 and July 14). Bulls want […]
Emini bulls want consecutive bull closes above June 28
Trading Update: Thursday July 21, 2022 Emini pre-open market analysis Emini daily chart The bulls got a follow-through bar following the July 19 bull breakout. They hope today will be another bull close which would create consecutive bull closes above June 28 and increase the probability of higher prices. Yesterday was also a close above […]
Emini bulls need strong follow-through after yesterday’s breakout
Trading Update: Wednesday July 20, 2022 Emini pre-open market analysis Emini daily chart The bulls had a strong breakout yesterday, closing above the July 8 high. The bulls need to get strong follow-through today to convince traders that the market is going higher. Bulls want yesterday to lead to a successful breakout of the neckline […]
Emini bulls disappointed after poor follow-through
Trading Update: Tuesday July 19, 2022 Emini pre-open market analysis Emini daily chart The market had a big outside down bar yesterday following a test of the July 7th bull close. The bulls are disappointed after yesterday’s poor follow-through. Yesterday was a reminder that the market is still in a trading range, and even though […]
Emini bulls want breakout above neckline of double bottom
Trading Update: Monday July 18, 2022 Emini pre-open market analysis Emini daily chart Bulls had a strong entry bar following last Thursday’s (July 14) double bottom high low major trend reversal signal bar. The strong follow-through last Friday increases the odds of higher prices. The bulls hope this is the rally that will lead to […]
Emini bulls need strong entry bar today
Trading Update: Friday July 15, 2022 Emini pre-open market analysis Emini daily chart The Emini reversed yesterday and closed on its high after falling below the June 30 low. The bulls need strong entry bar today, which will increase the odds of higher prices. The bulls have a double bottom higher low major trend reversal, […]
Emini bears want breakout below double top neckline
Trading Update: Thursday July 14, 2022 Emini pre-open market analysis Emini daily chart The bears want a breakout below the June 30 breakout double top neckline (June 28 and July 8 high). Next, the bears would want a measured move down below the June 17 low. Bulls still want a double bottom high low major […]
Emini bulls want double bottom higher low major trend reversal
Trading Update: Wednesday July 13, 2022 Emini pre-open market analysis Emini daily chart The bulls are hopeful the market will form a double bottom higher low major trend reversal with the June 30 low. The bulls had a higher low major trend reversal on June 30th. However, the bulls may need a double bottom higher […]
