Trading Update: Wednesday August 4, 2021 Emini pre-open market analysis Emini daily chart After an outside down day on Monday (traded above Friday’s high and then below its low), yesterday traded below Monday’s low and reversed up to above Monday’s high. An outside up bar. It is therefore a 2nd consecutive outside bar. This is […]
Emini bear bar should form on August monthly chart
Trading Update: Monday August 2, 2021 Emini pre-open market analysis Emini daily chart First day of month. An Emini bear bar should form on August monthly chart. Friday triggered micro double top sell signal. Also was expanding triangle. However, Thursday was a bull bar and therefore a weak sell signal bar, especially in strong bull […]
Emini should form bear candlestick in August on monthly chart
Weekend report co-author Andrew A. Market Overview: Weekend Market Analysis The SP500 Emini futures should form a bear candlestick in August on the monthly chart after a rare streak of 6 consecutive bull bars. If so, the Emini will probably correct 15 to 20% into October. The EURUSD Forex monthly chart formed a small doji […]
Emini should form 6th consecutive bull bar on monthly chart when July closes today
Trading Update: Friday July 30, 2021 Emini pre-open market analysis Emini daily chart Yesterday was the entry bar for a High 1 bull flag buy signal. Yesterday was a reversal day because it closed near the low. However, it had a bull body and it is therefore a lower probability sell signal bar. Now 6th […]
Emini Expanding Triangle Top ahead of July FOMC announcement
Trading Update: Wednesday July 28, 2021 Emini pre-open market analysis Emini daily chart Yesterday was a bear day after a strong 5-day rally to a new high. There is now a reversal down from an expanding triangle top. That is a major trend reversal pattern. When the context and sell signal bar are good, there […]
Emini bulls after outside up week want follow-through buying at end of July
Trading Update: Monday July 26, 2021 Emini pre-open market analysis Emini daily chart The Emini on Friday broke to new all-time high (an outside up week) and reached the 4,404 measured move target based on the April through June trading range. It also broke above the 4,400 Big Round Number. The next target for the […]
Emini bulls want 6th consecutive bull bar on monthly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures market rallied strongly this week and formed an outside up bar on the weekly chart. The bulls want July to be the 6th consecutive bull bar on the monthly chart when the month ends of Friday. That has not happened in 10 years. The EURUSD Forex […]
Emini follow-through buying but July still might close below open.
Trading Update: Thursday July 22, 2021 Emini pre-open market analysis Emini daily chart Yesterday saw Emini follow-through buying after Monday’s big bull reversal. Since yesterday had a bull body, it confirmed the reversal. That increases the chance of at least a small 2nd leg sideways to up after the 1st pullback. There is now a […]
Emini July reversal should lead to 15% correction back to 2020 close
Trading Update: Tuesday July 20, 2021 Emini pre-open market analysis Emini daily chart Big gap down and big bear bar with possible Emini July reversal. This is after a big bear bar on Friday. However, yesterday closed above the middle of its range, increasing the chance of a further bounce today. It is a weak […]
Emini sell signal bar on weekly chart for possible July top
Weekend report co-author Andrew A. Market Overview: Weekend Market Analysis SP500 Emini sell signal bar on weekly chart. If July has a bear body on the monthly chart, then a 15 – 20% correction will likely be underway for the next 2 – 3 months. Without that, traders will bet that this reversal will be […]
