Trading Update: Tuesday April 12, 2022 Emini pre-open market analysis Emini daily chart Emini likely bull close today despite bears closing gap from the March 3 breakout point, which increases the odds for more trading range price action. The bears had a big bear breakout bar yesterday. The bears will want to try and get […]
Emini bears trying to reach March 3 breakout point
Trading Update: Monday April 11, 2022 Emini pre-open market analysis Emini daily chart Friday closed as a bear doji bar just under 4,500. The March 3 breakout point is an obvious magnet below (4,405). It is close enough to 4,400 that the market will likely have to test both price levels soon, so the market […]
Emini bulls trying for High 2 bull flag
Trading Update: Friday April 8, 2022 Emini pre-open market analysis Emini daily chart The market went outside yesterday. The bulls are trying for High 2 bull flag on April 6. However, the signal bar is weak. The bulls want this current bull flag to lead to an upside breakout of the February high and the […]
Emini bears trying for breakout of bull flag
Trading Update: Wednesday April 6, 2022 Emini pre-open market analysis Emini daily chart The market broke above the February high during the U.S. day session for the second time. The bulls failed to keep the market above the February high, and the bears were able to successfully close the market below it. I stated yesterday […]
Emini bears want second failed breakout of February high
Trading Update: Tuesday April 5, 2022 Emini pre-open market analysis Emini daily chart The bulls were able to get a strong bull close yesterday, which reversed most of the March 31 bear bar. Bears want second failed breakout. Yesterday increases the odds that the market will go at least a little bit higher. The bulls […]
Emini likely to bounce for a day or two
Trading Update: Monday April 4, 2022 Emini pre-open market analysis Emini daily chart The Emini has had a pullback over the past few days following the strong rally from the March 14 low. The odds are the Emini is likely to bounce with a rally over the next day or so due to bears buying […]
Emini bulls disappointed with yesterday’s close on low
Trading Update: Friday April 1, 2022 Emini pre-open market analysis Emini daily chart Emini yesterday was a big bear bar with its close on low. The bear breakout bar was enough to make the odds favor a small second leg down. Yesterday was also a reminder that the daily chart is in a trading range. […]
Emini final trading day of the month
Trading Update: Thursday March 31, 2022 Emini pre-open market analysis Emini daily chart Today is the final trading day of the month, so the bulls want a strong close, and the bears want to disappoint monthly chart traders as much as possible. The Emini got a bear close yesterday after four consecutive bull bars on […]
Emini sideways likely for a day or two
Trading Update: Wednesday March 30, 2022 Emini pre-open market analysis Emini daily chart The current rally is very climactic, with only one bear bar in 11 bars, so the odds are we will see Emini sideways likely for a few days to relieve the exhausted bulls. The daily chart closed above the February high and […]
Emini bulls breaking above 4,600 and February high
Trading Update: Tuesday March 29, 2022 Emini pre-open market analysis Emini daily chart Emini bulls breaking above 4,600 with the Emini reaching the February high today and 4,600 round number during the Globex session So far, the bulls have a strong breakout since the March 14 low. The bulls are hopeful that this rally is […]