Trading Update: Thursday May 26, 2022 Emini pre-open market analysis Emini daily chart Emini bulls are trying hard to form a bottom and getting enough buying pressure to likely reach February low and the moving average. It looks like the bulls will reach those targets, but it might take until the end of next week. […]
Emini FOMC report today at 11:00 PT
Trading Update: Wednesday May 25, 2022 Emini pre-open market analysis Emini daily chart Today has the potential for a big move up or down due to the release of the FOMC report today at 11:00 PT. The bulls triggered a Low 1 by falling below yesterday’s bull bar on the daily chart. The market has […]
Emini bulls wanting rally to February 24 low
Trading Update: Tuesday May 24, 2022 Emini pre-open market analysis Emini daily chart Emini bulls wanting rally after getting a strong reversal up after last Friday reached the 20% correction (3,839.8) level. The bulls hope that the next couple of trading days will lead to a test of the February 24 low. The selloff down […]
Emini likely to rally after reaching 20% correction
Trading Update: Monday May 23, 2022 Emini pre-open market analysis Emini daily chart Emini likely to rally this week after market reached a 20% correction (3,839.8) on Friday. The market reached a 19% correction on May 12, however the odds were any bounce would be minor, and the market would have to fall below the […]
Emini likely to continue sideways
Trading Update: Friday May 20, 2022 Emini pre-open market analysis Emini daily chart Wednesday bear breakout bar and yesterday’s weak bull doji bar add further confusion to the market and increases the odds of more trading range price action The bears got disappointment after Wednesday’s big bear breakout bar. The bulls hope that yesterday is […]
Emini will likely have to reach 20% correction
Trading Update: Thursday May 19, 2022 Emini pre-open market analysis Emini daily chart Emini yesterday was a big bear trend day reversing the past three trading days. This is a sign that the market may have to go lower and likely reach 20% correction (3,839.75). May 18 is a big enough surprise bar to increase […]
Emini at resistance and likely to disappoint bulls today
Trading Update: Wednesday May 18, 2022 Emini pre-open market analysis Emini daily chart Emini at resistance with yesterday’s bulls getting within 10 points of the February 24 low. There will likely be some profit-taking in this area from scale in bulls who bought betting against the bear breakout below February 24. Since the market is […]
Emini testing back into bottom of 3-month trading range
Trading Update: Tuesday May 17, 2022 Emini pre-open market analysis Emini daily chart Emini yesterday was a doji bar following Friday’s entry bar. This is disappointing for bulls and a sign of trading range price action. The market is getting near the bottom of the 3-month trading range (February – April) and will likely test […]
Emini reversing up from 19% correction
Trading Update: Monday May 16, 2022 Emini pre-open market analysis Emini daily chart The Emini reversed up over the past two trading days from a 19% correction. The bulls hope that Thursday will be the low of the next several weeks and possibly months. While this may be the low, the channel down from the […]
Emini likely bounce for a day or two
Trading Update: Friday May 13, 2022 Emini pre-open market analysis Emini daily chart The Emini yesterday closed as a bull reversal bar with a big tail above. While the signal bar looks weak, the context is good for at least an Emini likely bounce for a day or two. Yesterday reached a 19% correction on […]
