Trading Update: Tuesday November 8, 2022 Emini pre-open market analysis Emini daily chart The market is trying to reverse the November 2 surprise bear breakout. However, the odds still favor a second leg down, which means Emini bulls disappointment likely soon. The market is in a trading range, so the pullback could be deep and […]
Emini Bears Second Leg Down wanted after November 2 Breakout
Trading Update: Monday November 7, 2022 Emini pre-open market analysis Emini daily chart Emini bears got a surprise breakout on November 2, and bears second leg down wanted, possibly testing down to the October 21 low. The bulls want to trap the bears, rally above the November 1 high, and test the 4,000 big round […]
Emini bounce possible before second leg down
Trading Update: Friday November 4, 2022 Emini pre-open market analysis Emini daily chart The bears got the minimum follow-through yesterday after Wednesday’s large bear breakout bar. The odds are that the market will have a second leg down to the October 21 low; but with an Emini bounce possible going above the November 2 high. […]
Emini May Test down to October 21 Low
Trading Update: Thursday November 3, 2022 Emini pre-open market analysis Emini daily chart The Emini had a strong reversal following the FOMC report yesterday and the Emini may test down and reach the October 21 low before the market can bottom. The buy-the-close bulls who bought the October 28 bull breakout were disappointed with the […]
Emini Bears Want Strong Selloff Following Today’s FOMC Statement
Trading Update: Wednesday November 2, 2022 Emini pre-open market analysis Emini daily chart Today is a FOMC Day, and bears want strong selloff to be the catalyst for a strong bear breakout following the report. Yesterday is a reminder that the market may have to pull back before reaching the 4,000 big round number. While […]
Emini Triggered H2 Buy Signal but Trading Range
The S&P 500 Emini futures triggered the H2 buy signal on the weekly chart. The bulls need to create a follow-through bull bar to increase the odds of higher prices. Bears want a reversal lower from a double top bear flag with Oct 5 high or around the bear trend line. The Emini is forming a small trading range around the June low between 3500 and 3800. Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction.
Emini testing 50% pullback of October 18 rally
Trading Update: Friday October 21, 2022 Emini pre-open market analysis Emini daily chart The market is testing a 50% pullback of the rally to the October 18 high. The bulls will try their best to get a reversal up here and the bears want the day to close on its low, below the 50% pullback […]
Emini Bulls want breakout above neckline
Trading Update: Thursday October 20, 2022 Emini pre-open market analysis Emini daily chart Yesterday ended, the four-bar bull micro channel and closed as a doji bar. The bulls saw yesterday as a High 1 buy setup. However, the bar is a doji bear near resistance, top of the trading range, and the October 5 high. […]
Emini bulls poor follow-through from October 13 breakout
Trading Update: Wednesday October 19, 2022 Emini pre-open market analysis Emini daily chart The bulls gapped up yesterday, and the market sold off from the opening session and closed around its midpoint. But bulls poor follow-through, and a disappointing bar being a reminder that the market is still in a trading range environment. The bears […]
Bulls trying for upside breakout test of 3,800
Trading Update: Tuesday October 18, 2022 Emini pre-open market analysis Emini daily chart Yesterday, the market rallied and tested last Thursday’s bull close. The bulls see last Friday as a pullback from the rally on October 13. They want the market breakout to the upside and reverse Friday’s bear breakout bar. At the moment, the […]
