Trading Update: Tuesday September 13, 2022 Emini pre-open market analysis Emini daily chart Emini big selloff after bulls got a fourth consecutive bull bar, all closing near their highs. The rally was testing the August 24 low. Yesterday came within one tick of the August 24 low and turned down. The market will probably have […]
Emini likely to reach August 24 low soon
Trading Update: Monday September 12, 2022 Emini pre-open market analysis Emini daily chart The bulls have three consecutive bull bars, all closing near their highs. This is good for the bulls, and the market is currently Always In Long. The bulls want to close the August 24 breakout point low, and eventually, they want to […]
EURUSD Traded below August Low
The EURUSD Forex traded below the August low but reversed into an outside bull bar on the weekly chart. So far, the bears have not been able to create follow-through selling below the July low. The bulls will need to create a consecutive bull bar next week to increase the odds of a larger 2-legged sideways to up lasting many weeks.
Emini bulls want strong finish to week
Trading Update: Friday September 9, 2022 Emini pre-open market analysis Emini daily chart The market formed a double bottom with the July 26 low, with two consecutive bull bars closing on their highs. This is good for the bulls, but they need more as bulls want strong finish to week. The market will probably have […]
Emini bulls likely disappointed today
Trading Update: Thursday September 8, 2022 Emini pre-open market analysis Emini daily chart The bulls had a solid finish to the day yesterday, reversing most of the September 2 selloff. The channel down is tight, so the odds favor the bulls likely disappointed today, and the market will probably not form a strong follow-through bar […]
Emini likely rally and test 4,000 soon
Trading Update: Wednesday September 7, 2022 Emini pre-open market analysis Emini daily chart The bears broke below the September 1st low but failed to close below, which is a sign of weakness. The market will probably have to bounce soon with Emini likely rally and test of 4,000 big round number. The odds favor buyers […]
Emini bulls want second entry buy signal bar
Trading Update: Tuesday September 6, 2022 Emini pre-open market analysis Emini daily chart Last Friday was a big bear trend bar that almost went outside down with Thursday’s low. The market is trying to form a bottom with the July 28 low. The bulls want a strong buy signal bar today, which would be a […]
EURUSD Consecutive Bear Bars below 7-Year Trading Range
The EURUSD Forex monthly candlestick was a consecutive bear bar below the 7-year trading range low. The long tails below July and August candlesticks indicate that the bears are not as strong as they could have been. Bears want a breakout below the 7-year trading range low followed by a measured move down based on the height of the 7-year trading range which will take them to the year 2000 low. The bulls want a reversal up from a trend channel line overshoot and parabolic wedge (November 24, May 13 and August 23).
Emini bulls want strong entry bar today
Trading Update: Friday September 2, 2022 Emini pre-open market analysis Emini daily chart The bears began taking partial profits yesterday, and the bulls started to buy for scalps. Bulls want strong entry bar today. The market reached the July 8 breakout point where there were buyers. Most breakout points are eventually tested; this is because […]
Emini first reversal up likely minor
Trading Update: Thursday September 1, 2022 Emini pre-open market analysis Emini daily chart Emini first reversal up likely minor. Bears have done a great job getting follow-through from the August 26 bear breakout. While the market is probably always in short, however, it is approaching support levels like the June 28 breakout point high, which […]
