Emini outside up day and micro double bottom I will update again at the end of the day. Pre-Open market analysis The Emini had a big outside up day yesterday. It formed a micro double bottom with Friday’s low, and it is therefore a buy signal bar for today. However, the 2 week selloff did […]

Emini weak breakout above 7 day bear micro channel I will update again at the end of the day. Pre-Open market analysis Yesterday was the 1st day in 7 days that traded above the prior day’s high. A 7 bar bear micro channel is a sign of strong bears. Therefore, there were more likely going […]

Emini testing bottom of bull channel at around 2860 I will update again at the end of the day. Pre-Open market analysis The Emini has sold off without a pullback for 7 days. It is getting vacuumed down to the bottom of the bull channel. There are two bull trend lines. The 1st is just […]

Emini exhaustion gap and double top but minor reversal I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday and closed the gap above the August 24 high. That is therefore now an exhaustion gap. If it gaps down any day within the next week, there will […]

Emini test of January high and bottom of gap I will update again at the end of the day. Pre-Open market analysis Yesterday, the Emini sold off to within 1 tick of the bottom of the gap on the daily chart. Furthermore, it reversed up from below the January high. Yesterday is therefore a breakout […]

Emini breakout test of January’s high and last week’s gap I will update again at the end of the day. Pre-Open market analysis Yesterday had several reversals and therefore was a trading range day. The Emini tested into the gap below last week’s low, but did not close the gap. Furthermore, it reversed up from […]

Emini possible island top on weekly and daily charts I will update again at the end of the day. Pre-Open market analysis The Emini gapped up last week and closed just above the week’s midpoint. This is good for the bulls this week. But, if today gaps down, there will be a 1 bar island […]

Emini strong August close likely today I will update again at the end of the day. Pre-Open market analysis Today is the last day of the week and of the month. The bulls want both to close on the high. That would increase the chance of higher prices next week and next month. The bears […]

Emini buy climax and 60 minute Final Bull Flag I will update again at the end of the day. Pre-Open market analysis The Emini rallied strongly to another new all-time high. Like most recent days, it then spent the next several hours going sideways. The bulls want the week to close on its high. While […]

Emini failed breakout above January high and 2900 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up to another all-time high, but sold off back into Monday’s tight trading range. Since it was a bear bar on the daily chart, it is a sell signal bar for today. […]