Trading Update: Tuesday March 8, 2022 Emini pre-open market analysis Emini daily chart Emini had a strong bear breakout yesterday; closing below the January low. The bears are hopeful this will test the February 24 low and possibly break below. While the bears had a strong bear trend bar yesterday, look to the left, it’s […]
Emini bulls want major trend reversal
Trading Update: Monday March 7, 2022 Emini pre-open market analysis Emini daily chart The bulls want major trend reversal and hope last Friday will lead to a head and shoulders bottom, a higher low major trend reversal, and become the start of a reversal up that will test the all-time high. The bulls have a […]
Emini Low 2 sell signal bar at the EMA but minor reversal
Trading Update: Friday March 4, 2022 Emini pre-open market analysis Emini daily chart Yesterday is a Low 2 sell signal bar at the 20-day EMA, but it will probably only lead to a minor reversal and a higher low. It is a bear bar closing near its low. The bears hope the 6-day rally is […]
Emini likely second leg up after wedge bottom
Trading Update: Thursday March 3, 2022 Emini pre-open market analysis Emini daily chart Emini bulls triggered a H1 buy with likely second leg up, by going above Tuesday’s buy signal bar; however, it was a bear signal bar that lowered the probability for the bulls. The bulls still have a wedge bottom with December 3 […]
Emini High 1 pullback in February lower low major trend reversal
Trading Update: Wednesday March 2, 2022 Emini pre-open market analysis Emini daily chart Bear bar yesterday so Emini High 1 pullback in late February lower low major trend reversal. Yesterday was bear bar and therefore low probability High 1 buy signal bar. The pullback might retrace half of the 3-day rally and test the January […]
Emini bulls strong reversal up after wedge bottom
Trading Update: Tuesday March 1, 2022 Emini pre-open market analysis Emini daily chart The bulls were able to get a third consecutive bull close on the daily chart. A strong reversal up after wedge bottom. The prior blog post states that traders do not know two things. First: Will this be the low for the […]
Emini reversal after failed breakout below OO pattern
Trading Update: Monday February 28, 2022 Emini pre-open market analysis Emini daily chart The Emini broke below the January low last week, followed by reversal after failed breakout. The selloff last week was also a test of the 7-month trading range. The bulls hope that the February 24 strong buy signal bar and the follow-through […]
Emini strong reversal up from breakout below January OO sell signal bar
Trading Update: Friday February 25, 2022 Emini pre-open market analysis Emini daily chart Yesterday reversed up strongly from a breakout below the January OO sell signal bar on the monthly chart. That low was also the bottom of a 7-month trading range. Yesterday was a big bull bar closing near its high. It is therefore […]
Emini bears breaking below January low
Trading Update: Thursday February 24, 2022 Emini pre-open market analysis Emini daily chart The Emini has been in a tight bear channel since February 9 and bears breaking below the January low during the overnight session. As stated many times on the reports, the odds favored the market falling below the January low before going […]
Emini bulls want double bottom higher low major trend reversal with January 28 low
Trading Update: Wednesday February 23, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a weak reversal up from a double bottom higher low major trend reversal with January 28 low. If the bulls get consecutive bull bars closing above the February 9 high, they would then likely get a break above the January […]
