Trading Update: Tuesday February 8, 2022 Emini pre-open market analysis Emini daily chart The bears got an inside bar yesterday on the daily chart, making the market more neutral. The bulls have a high 1 buy above yesterday’s high. However, the signal bar is a bear bar in tight trading range and a four bar […]
Emini January rally beginning to stall
Trading Update: Monday February 7, 2022 Emini pre-open market analysis Emini daily chart The Emini had a strong reversal up to the December low and the 4500 round number last week. However, once the market reached the two targets, the bull bodies became smaller. This is a sign of trading range price action, with the […]
Emini V-bottom rally stalling in sell zone in middle of 6 month trading range
Trading Update: Friday February 4, 2022 Emini pre-open market analysis Emini daily chart I have been saying that there should be a pullback for 1 to 3 days since the rally has reached a sell zone. Emini V-bottom rally stalling. That zone is the middle of the 6-month trading range at around a 50% retracement […]
Emini bulls disappointment likely today
Trading Update: Thursday February 3, 2022 Emini pre-open market analysis Emini daily chart Last week, the Emini had a strong reversal from below the October low, which is the bottom of the 6-month trading range. But Emini bulls disappointment still likely. As Al has been saying, this rally is currently a V-bottom. V-bottoms happened on […]
Emini 2022 V-bottom rally might stall soon
Trading Update: Wednesday February 2, 2022 Emini pre-open market analysis Emini daily chart The Emini reversed up strongly last week from below the October low, which was the bottom of the 6-month trading range. But the V-bottom rally might stall soon. The January selloff was also a test of the 200-day MA and the bottom […]
Emini strong reversal up from January selloff
Trading Update: Tuesday February 1, 2022 Emini pre-open market analysis Emini daily chart Yesterday’s rally on the Emini is a strong entry bar following the second entry buy on January 28. An Emini strong reversal up from January selloff. While the market might be always-in long, traders may still see this rally from the January […]
Emini bulls want to trigger Friday’s buy
Trading Update: Monday January 31, 2022 Emini pre-open market analysis Emini daily chart The bulls had a low 1 short trigger on Friday; however, Friday closed on its high, setting up a reasonable second entry buy setup on the daily chart following last week’s selloff. The bulls are hopeful that Monday will gap up, triggering […]
Emini low 1 sell signal but after Monday’s reversal up from sell climax
Trading Update: Friday January 28, 2022 Emini pre-open market analysis Emini daily chart Yesterday was the 4th day in a tight trading range after a breakout below the October low, which is the bottom of a 6-month trading range. An Emini low 1 sell signal. Since yesterday was an inside day, it is both a […]
Emini reversal up after sell climax testing October low
Trading Update: Thursday January 27, 2022 Emini pre-open market analysis Emini daily chart The bulls want a reversal from the 200-day moving average after the spike and parabolic sell climax. The market has a wedge top on the daily chart, with the third push-up being December 28. The selloff to January 24 may be the […]
Emini pausing after sell climax to below October low
Trading Update: Wednesday January 26, 2022 Emini pre-open market analysis Emini daily chart Monday was a big bull bar closing near its high. It was a buy signal bar for a break below the October low, which was the bottom of the 6-month trading range. The bulls also want a reversal up from the 200-day […]
