Trading Update: Thursday March 24, 2022 Emini pre-open market analysis Emini daily chart Emini reversal up from low 1 pullback with market finally getting a bear close yesterday after five consecutive bull closes. With yesterday triggering a low 1 (L1) short, odds are this L1 will lead to a 1-3 day pullback. The pullback might […]
Emini likely to close below open by end of day
Trading Update: Wednesday March 23, 2022 Emini pre-open market analysis Emini daily chart Emini bulls now have six consecutive bull closes on the daily chart. The odds are today will have a bear close below open, and the market will pullback for 1-3 days. So far, this is a strong enough rally to make the […]
Emini likely 1-3 day pullback following last week’s bull breakout
Trading Update: Tuesday March 22, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a doji with a bull close. It was also the 5th consecutive bull bar, which significantly increased today’s odds of having a bear close. The odds are the market will have a 1-3 day pullback, and yesterday may be the […]
Emini strong bull breakout of March 3 high
Trading Update: Monday March 21, 2022 Emini pre-open market analysis Emini daily chart Emini strong bull breakout with 4 consecutive bull bars following a higher low major trend reversal. These three bars are strong enough that the odds favor a second leg sideways to up. The bulls are hopeful that this is the rally that […]
EURUSD in pullback from parabolic wedge on weekly and daily charts
EURUSD Forex: Weekend Market Analysis The EURUSD Forex is in a pullback from parabolic wedge sell-off testing the 700-pip measured move which started in October 2020. Traders are monitoring whether the bulls can create consecutive bull bars closing near their highs or the pullback is more sideways with weak bull bars. The leg down from February is […]
Emini big bull bar from wedge bull flag & HL MTR
Al added a few comments to report SP500 Emini: Weekend Market Analysis The SP500 Emini futures reversed higher with big bull bar from a wedge bull flag and a higher low major trend reversal. It broke far above the bear trend line and closed near the weekly high. Bulls hope that the correction has ended […]
DAX futures bull reversal up from the 200-week MA
Market Overview: European Market Analysis DAX futures bull reversal up from support off the 200-week MA. The bears want it to be a pullback in an 8-week tight bear channel and test of the breakout from the prior trading range. The bulls see a sell climax and high 1 reversal up from a still-intact bull […]
FTSE 100 bull surprise reversal up from 100-week MA
Market Overview: European Market Analysis This week saw a FTSE 100 bull surprise reversal up from 100-week MA not far from the start of the large pullback. Two of the largest bars in the trend have occurred in the past 3 weeks which means there is a reasonable chance we’re in a developing trading range. […]
Emini bulls want breakout above March 3
Trading Update: Friday March 18, 2022 Emini pre-open market analysis Emini daily chart The bulls have three consecutive bull bars on the daily chart. This increases the odds of a second leg up and a test of the top of the wedge (February 9). Emini bulls want breakout above March 3. The bulls hope that […]
Emini bull breakout of wedge bottom
Trading Update: Thursday March 17, 2022 Emini pre-open market analysis Emini daily chart Yesterday, the bulls had a strong entry bar following the truncated wedge (January, February, and the March 8 Double bottom). A breakout of wedge bottom. The bulls are hopeful that this is the start of two legs up that will lead to […]
