Trading Update: Monday February 28, 2022 Emini pre-open market analysis Emini daily chart The Emini broke below the January low last week, followed by reversal after failed breakout. The selloff last week was also a test of the 7-month trading range. The bulls hope that the February 24 strong buy signal bar and the follow-through […]
Emini breakout below OO but no follow-through selling
Market Overview: Weekend Market Analysis The SP500 Emini futures traded below January low, triggering the sell signal from the second OO pattern on the monthly chart. However, there was no follow-through selling and the Emini reversed back above the middle of the bar. Monday is the final day of the month. The bulls want a close far […]
Emini strong reversal up from breakout below January OO sell signal bar
Trading Update: Friday February 25, 2022 Emini pre-open market analysis Emini daily chart Yesterday reversed up strongly from a breakout below the January OO sell signal bar on the monthly chart. That low was also the bottom of a 7-month trading range. Yesterday was a big bull bar closing near its high. It is therefore […]
Emini bears breaking below January low
Trading Update: Thursday February 24, 2022 Emini pre-open market analysis Emini daily chart The Emini has been in a tight bear channel since February 9 and bears breaking below the January low during the overnight session. As stated many times on the reports, the odds favored the market falling below the January low before going […]
Emini bulls want double bottom higher low major trend reversal with January 28 low
Trading Update: Wednesday February 23, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a weak reversal up from a double bottom higher low major trend reversal with January 28 low. If the bulls get consecutive bull bars closing above the February 9 high, they would then likely get a break above the January […]
Emini wedge bottom and failed breakout below January 28
Trading Update: Tuesday February 22, 2022 Emini pre-open market analysis Emini daily chart On the daily Emini chart, Friday’s candlestick was a bear bar with a tail below closing slightly below February 14’s low. The bulls are hopeful they can get a strong stop entry buy setup for the Emini wedge bottom early next week, […]
Emini bears want selloff below January 24 low
Market Overview: Weekend Market Analysis The SP500 Emini futures had a low 1 short two weeks ago on the weekly chart as the Emini bears want selloff below January low. While the bears may get the market to fall below the January low soon, the odds of them getting a successful breakout below are small. […]
Emini bulls want rally to January high
Trading Update: Friday February 18, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a strong bear trend bar reversing back to the February 14 low. The odds are today will be a disappointing bar for the bears, reminding traders that the market is still in a trading range. The Emini bulls want rally […]
Emini disappointment in middle of 7-month trading range
Trading Update: Thursday February 17, 2022 Emini pre-open market analysis Emini daily chart The Emini is in the middle of a 7-month trading range; therefore, it is neutral. There is a 50% probability of a bull breakout and a 50% probability of a bear breakout. There have been many reversals up and down that have […]
Emini strong entry bar for February higher low major trend reversal
Trading Update: Wednesday February 16, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a bull bar closing near its high, which is an Emini strong entry bar for the February higher low major trend reversal. Even though the 5-minute chart closed in the middle of its range, the daily chart closed at the […]
