Trading Update: Thursday October 6, 2022 Emini pre-open market analysis Emini daily chart The bulls got a second leg up from the two-bar bull breakout on Monday and Tuesday. They are hoping for sideways to up likely with test of the 4,000 big round number. However more likely the market will continue sideways for now. […]
Emini Surprise Breakout Second Leg Up Likely
Trading Update: Wednesday October 5, 2022 Emini pre-open market analysis Emini daily chart The bulls have gotten a strong reversal over the past two trading days. The upside Emini surprise breakout is strong enough that the first reversal down will likely fail and lead to a second leg up. At the moment, the odds favor […]
Emini Bulls Trying for Consecutive Strong Closes
Trading Update: Tuesday October 4, 2022 Emini pre-open market analysis Emini daily chart The bulls got a close above Friday’s high yesterday, and they want consecutive strong closes today. Bulls are trying to prevent the successful bear breakout below the June low. Right now, the odds favor a rally and a test back to the […]
Emini Bears Need Breakout Follow Through below June Low
Trading Update: Monday October 3, 2022 Emini pre-open market analysis Emini daily chart The bears got a strong finish to the end of the week and month. The market closed below the June low, which is good for the bears but they need breakout follow through today. The bears have an opportunity to break far […]
EURUSD Weak Bear Bar with Long Tail Below
Market Overview: EURUSD Forex The EURUSD Forex monthly candlestick was another EURUSD weak bear bar after breaking below the 7-year trading range low. There is now a micro wedge (July, Aug and Sept) on the monthly chart. Bulls want a larger 2-legged sideways to up pullback before the EURUSD trades lower. The problem with the […]
Emini Failing to Break below June Low, Expect Rally Soon
Trading Update: Friday September 30, 2022 Emini pre-open market analysis Emini daily chart The bears broke below the June low yesterday, however, they failed to close below it, and the market will probably reverse up, so expect rally soon. The bulls see a micro wedge bottom (9/23, 9/27, 9/29) and will try for two legs […]
Emini Minor Reversal Up after June Low Test
Trading Update: Thursday September 29, 2022 Emini pre-open market analysis Emini daily chart The bulls got a bull reversal bar yesterday, ending the six-bar bear micro channel streak. A minor reversal up means traders should expect more sideways than straight up. The bears will look to sell the first reversal up. They want to prevent […]
Emini Profit Taking Likely Soon
Trading Update: Wednesday September 28, 2022 Emini pre-open market analysis Emini daily chart Emini profit taking likely soon after market broke below the June 17 low yesterday and failed to close below. The market may have a minor reversal up; however, after six consecutive bear bars, the market will likely have to go a little […]
Emini Likely Reversal Up Soon
Trading Update: Tuesday September 27, 2022 Emini pre-open market analysis Emini daily chart Emini likely reversal up soon despite the Emini coming close to falling below the June low on the day-only session but going below it on the Globex session. The bears want a strong breakout below the June low and a 400-point selloff […]
Emini Bounce Likely after Test of June 17 Low
Trading Update: Monday September 26, 2022 Emini pre-open market analysis Emini daily chart The Emini had a strong selloff over last week’s final three trading days. Last Friday tested within a few points of the June 17 low. Bounce likely after test. The selloff last week was strong enough that the first reversal up will […]
