Trading Update: Tuesday July 26, 2022 Emini pre-open market analysis Emini daily chart Emini bears want close below breakout point of June 28, damaging the bull case. The market formed an inside bar yesterday, closing near the open of the bar. Bulls hope that yesterday will lead to a successful pullback (high 1) buy setup […]
Emini bulls want breakout to reach June high
Trading Update: Monday July 25, 2022 Emini pre-open market analysis Emini daily chart The bulls broke above the neckline (June 28) of the double bottom (July 14) last week. Bulls want breakout to lead to a measured move up and test of the June 2nd major low or high. The measured move from the July […]
EURUSD sideways at wedge bottom pullback
The EURUSD Forex broke below the 2017 low with follow-through selling recently. The bulls want a reversal higher from a wedge bottom (Mar 4, May 13 and July 14) and a trend channel line overshoot. However, the move down is in a tight bear channel. That means strong bears. Odds slightly favor lower prices for the EURUSD after a larger pullback.
Emini strong breakout above neckline of double bottom
Trading Update: Friday July 22, 2022 Emini pre-open market analysis Emini daily chart The bulls have done a great job getting consecutive bull closes above the June 28 high this week. This will likely lead to a successful bull breakout above neckline (June 28) of the double bottom (June 30 and July 14). Bulls want […]
Emini bulls want consecutive bull closes above June 28
Trading Update: Thursday July 21, 2022 Emini pre-open market analysis Emini daily chart The bulls got a follow-through bar following the July 19 bull breakout. They hope today will be another bull close which would create consecutive bull closes above June 28 and increase the probability of higher prices. Yesterday was also a close above […]
Emini bulls need strong follow-through after yesterday’s breakout
Trading Update: Wednesday July 20, 2022 Emini pre-open market analysis Emini daily chart The bulls had a strong breakout yesterday, closing above the July 8 high. The bulls need to get strong follow-through today to convince traders that the market is going higher. Bulls want yesterday to lead to a successful breakout of the neckline […]
Emini bulls disappointed after poor follow-through
Trading Update: Tuesday July 19, 2022 Emini pre-open market analysis Emini daily chart The market had a big outside down bar yesterday following a test of the July 7th bull close. The bulls are disappointed after yesterday’s poor follow-through. Yesterday was a reminder that the market is still in a trading range, and even though […]
Emini bulls want breakout above neckline of double bottom
Trading Update: Monday July 18, 2022 Emini pre-open market analysis Emini daily chart Bulls had a strong entry bar following last Thursday’s (July 14) double bottom high low major trend reversal signal bar. The strong follow-through last Friday increases the odds of higher prices. The bulls hope this is the rally that will lead to […]
EURUSD consecutive bear bars below 7-year trading range
The EURUSD Forex had consecutive bear bars below the 7-year trading range which confirmed the breakout. Bears want a measured move down based on the height of the 7-year trading range which will take them to the year 2000 low. While odds favor lower prices, the trend channel line overshoot and the wedge bottom increase the odds of at least a small sideways to up pullback beginning within 1 to 3 weeks before the EURUSD continue lower.
Emini bulls need strong entry bar today
Trading Update: Friday July 15, 2022 Emini pre-open market analysis Emini daily chart The Emini reversed yesterday and closed on its high after falling below the June 30 low. The bulls need strong entry bar today, which will increase the odds of higher prices. The bulls have a double bottom higher low major trend reversal, […]
