Trading Update: Friday April 1, 2022 Emini pre-open market analysis Emini daily chart Emini yesterday was a big bear bar with its close on low. The bear breakout bar was enough to make the odds favor a small second leg down. Yesterday was also a reminder that the daily chart is in a trading range. […]
Emini final trading day of the month
Trading Update: Thursday March 31, 2022 Emini pre-open market analysis Emini daily chart Today is the final trading day of the month, so the bulls want a strong close, and the bears want to disappoint monthly chart traders as much as possible. The Emini got a bear close yesterday after four consecutive bull bars on […]
Emini sideways likely for a day or two
Trading Update: Wednesday March 30, 2022 Emini pre-open market analysis Emini daily chart The current rally is very climactic, with only one bear bar in 11 bars, so the odds are we will see Emini sideways likely for a few days to relieve the exhausted bulls. The daily chart closed above the February high and […]
Emini bulls breaking above 4,600 and February high
Trading Update: Tuesday March 29, 2022 Emini pre-open market analysis Emini daily chart Emini bulls breaking above 4,600 with the Emini reaching the February high today and 4,600 round number during the Globex session So far, the bulls have a strong breakout since the March 14 low. The bulls are hopeful that this rally is […]
Emini tight bull channel testing February 9 high
Trading Update: Monday March 28, 2022 Emini pre-open market analysis Emini daily chart Emini tight bull channel on daily chart and near the February 9 high and 4,600. Both of these are magnets, and the market is probably close enough it will have to get there. The bulls are hopeful that this rally will continue […]
EURUSD sideways pullback after parabolic wedge
Market Overview: Weekend Market Analysis The EURUSD Forex has been trading sideways for the last 2 to 3 weeks. The bears want a reversal lower from a double top bear flag or a wedge bear flag. If the EURUSD sideways pullback continues, odds are sellers will return to sell the pullback. The bulls want this […]
Emini bull follow-through bar on weekly chart
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini bulls got bull follow-through buying on the weekly chart. Odds favor a test of the February 2 high. The bulls will need to close far above the February 2 high to convince traders that a re-test of the trend extreme […]
DAX futures paused just below prior breakout point
Market Overview: European Market Analysis DAX futures paused last week just below the prior breakout point. Bears see the tight bear channel and are looking for reasons to sell the next move down. Bulls are looking a follow-through bar to prove the move down was simply a pullback in a much longer bull trend. On […]
FTSE 100 continued bull resumption
Market Overview: European Market Analysis The FTSE futures market continued bull resumption to finish higher again after the largest bear pullback in 18 months. It failed to reach the breakout point and is now at the top of the developing trading range. On the daily it is a tight bull channel so we might work higher […]
Emini bulls want strong close on weekly chart
Trading Update: Friday March 25, 2022 Emini pre-open market analysis Emini daily chart Emini bulls had a strong reversal following the L1 that was triggered on Wednesday. Bulls want strong close on weekly chart. The market is trying to test the February 9 high and the 4,600 considerable round number and will most likely have […]
