Trading Update: Tuesday February 22, 2022 Emini pre-open market analysis Emini daily chart On the daily Emini chart, Friday’s candlestick was a bear bar with a tail below closing slightly below February 14’s low. The bulls are hopeful they can get a strong stop entry buy setup for the Emini wedge bottom early next week, […]
Emini bears want selloff below January 24 low
Market Overview: Weekend Market Analysis The SP500 Emini futures had a low 1 short two weeks ago on the weekly chart as the Emini bears want selloff below January low. While the bears may get the market to fall below the January low soon, the odds of them getting a successful breakout below are small. […]
Emini bulls want rally to January high
Trading Update: Friday February 18, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a strong bear trend bar reversing back to the February 14 low. The odds are today will be a disappointing bar for the bears, reminding traders that the market is still in a trading range. The Emini bulls want rally […]
Emini disappointment in middle of 7-month trading range
Trading Update: Thursday February 17, 2022 Emini pre-open market analysis Emini daily chart The Emini is in the middle of a 7-month trading range; therefore, it is neutral. There is a 50% probability of a bull breakout and a 50% probability of a bear breakout. There have been many reversals up and down that have […]
Emini strong entry bar for February higher low major trend reversal
Trading Update: Wednesday February 16, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a bull bar closing near its high, which is an Emini strong entry bar for the February higher low major trend reversal. Even though the 5-minute chart closed in the middle of its range, the daily chart closed at the […]
Emini bulls higher low major trend reversal wanted
Trading Update: Tuesday February 15, 2022 Emini pre-open market analysis Emini daily chart Emini bulls higher low major trend reversal wanted. The daily chart tested the February 2 high last week and failed to break above it. The bears want follow-through after February 11 and are hopeful this is a double top lower high, major […]
Emini bears want follow-through today
Trading Update: Monday February 14, 2022 Emini pre-open market analysis Emini daily chart The daily chart tested the February 2 high last week and failed to break above it. The bears want follow-through after February 11 and are hopeful this is a double top lower high, major trend reversal setup that will break below the […]
Emini micro double top and double top with February 2 high
Trading Update: Friday February 11, 2022 Emini pre-open market analysis Emini daily chart An Emini micro double top formed over the past 2 days and a double top with the February 2 high. The Emini has been reversing up from a sell climax for 2 weeks. Yesterday rallied on the open, but then sold off […]
Emini bulls likely disappointed after higher low major trend reversal
Trading Update: Thursday February 10, 2022 Emini pre-open market analysis Emini daily chart The daily chart had a gap up yesterday following a micro double bottom. This is strong enough context that the market should move up for a day or two. The bulls want resumption of the V-bottom reversal up and are hopeful it […]
Emini Higher Low Major Trend Reversal but in 7-month trading range
Trading Update: Wednesday February 9, 2022 Emini pre-open market analysis Emini daily chart Yesterday was an outside up day, and it closed just above Monday’s high, which is a sign of strength. It was also the 4th day in the pullback from the strong rally to the February 2 high. There is now a micro […]
