Trading Update: Wednesday April 13, 2022 Emini pre-open market analysis Emini daily chart Emini bulls trying to form wedge bull flag with bears having bear close under the March 3 breakout point, confirming the gap closing. The bears now have two consecutive bear bars, both closing below their midpoints, so it is possible the bear […]
Emini likely bull close today and bears disappointed
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 […]
S&P 500 Emini pullback on weekly chart
Market Overview: S&P 500 Emini Futures S&P 500 Emini pullback on weekly chart. Bulls want a re-test of the March 29 high and a continuation higher to re-test the trend extreme. Bears want a reversal lower from a double top bear flag with the February high. Odds slightly favor a second leg sideways to up after the […]
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 futures pause after testing February 2 high
Market Overview: S&P 500 Emini futures The S&P 500 Emini futures pause after testing the February 2 high this week on the weekly chart pulling back slightly to close below it. The bulls hope that this is simply a pause before the trend resumes higher to test the January high. The bears want the Emini to stall […]
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. […]
