Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures broke far below the bull trend line and December 2020 low on the weekly and daily chart. It was a Surprise Bear Breakout which typically leads to a second leg sideways to down. The next target for the bears […]
Emini broke below December low at bottom of 3-month trading range
Trading Update: Friday January 21, 2022 Emini pre-open market analysis Emini daily chart The Emini formed a big bear bar closing on its low and below the December 3 low yesterday. That is a break below the 3-month trading range. Today is the follow-through day. If it is another bear day, it will confirm the […]
Emini bears need follow-through today
Trading Update: Thursday January 20, 2022 Emini pre-open market analysis Emini daily chart Emini is testing the 100-day moving average and broke below the daily and weekly trendline. The Emini bears need follow-through. December low is so close we will probably have to reach it to satisfy a test. The bears still see the wedge […]
Emini breakout below bull trend line and testing 100-day MA
Trading Update: Wednesday January 19, 2022 Emini pre-open market analysis Emini daily chart Emini breakout below bull trend line yesterday on daily and weekly charts. It also closed below last week’s low, and it is testing 100-day MA. Bears want reversal down from January 4 wedge top (September 2, November 22, January 4) to continue […]
Emini continued disappointment on the daily chart
Trading Update: Tuesday January 18, 2022 Emini pre-open market analysis Emini daily chart Emini continued disappointment with daily chart in likely trading range since July. Bears see Friday, January 14 as a breakout pullback and are hoping January 13 is a lower high major trend reversal that reaches the December and October 2021 lows. The […]
Emini bears failed to get follow-through selling on weekly chart
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures weekly candlestick was a bull doji bar. The bears failed to get follow-through selling following last week’s bear signal bar. The bulls see the 3 pushes down (December 3, December 20, and January 10) as a wedge bull flag and want […]
Emini strong leg down in 2-month trading range
Trading Update: Friday January 14, 2022 Emini pre-open market analysis Emini daily chart Yesterday triggered a sell signal by going below Wednesday’s low. There is an Emini lower high major trend reversal after a 4-month wedge top and strong leg down in 2-month trading range. But Wednesday was a doji bar and therefore a weak […]
Emini stalling at November and December highs
Trading Update: Thursday January 13, 2022 Emini pre-open market analysis Emini daily chart Emini reversed up strongly on January 10 and had strong follow-through on January 11. The odds are we will go higher, but Emini stalling at the November 22 and December 16 highs, which is an area of resistance. The bulls are hopeful […]
Emini strong entry bar after yesterday’s January reversal up
Trading Update: Wednesday January 12, 2022 Emini pre-open market analysis Emini daily chart Monday reversed up strongly from the bottom of the 20-week EMA and the bull trend lines on the daily and weekly charts. It was also a test of the 100-day MA and the 4,600 Big Round Number. Yesterday triggered the buy signal […]
Emini new high but weekly outside bear bar closed near low
Market Overview: Weekend Market Analysis The SP500 Emini futures traded lower after making a new high this week. An outside bear bar on the weekly chart. It is a 50% pullback from the December 20 rally. Bears want a test of the December low from a higher high double top with November 22, or a […]
