Al added a few comments to report SP500 Emini: Weekend Market Analysis The SP500 Emini futures reversed higher with big bull bar from a wedge bull flag and a higher low major trend reversal. It broke far above the bear trend line and closed near the weekly high. Bulls hope that the correction has ended […]
Emini bulls want breakout above March 3
Trading Update: Friday March 18, 2022 Emini pre-open market analysis Emini daily chart The bulls have three consecutive bull bars on the daily chart. This increases the odds of a second leg up and a test of the top of the wedge (February 9). Emini bulls want breakout above March 3. The bulls hope that […]
Emini bull breakout of wedge bottom
Trading Update: Thursday March 17, 2022 Emini pre-open market analysis Emini daily chart Yesterday, the bulls had a strong entry bar following the truncated wedge (January, February, and the March 8 Double bottom). A breakout of wedge bottom. The bulls are hopeful that this is the start of two legs up that will lead to […]
Emini bulls hoping for truncated wedge
Trading Update: Wednesday March 16, 2022 Emini pre-open market analysis Emini daily chart The bulls had a strong rally yesterday after testing the March 8 low on the previous day. Emini bulls now hoping for truncated wedge. The market is still in a 7-bar tight trading range, making the probability of stop entries weak. The […]
Emini double bottom reversal up from March low
Trading Update: Tuesday March 15, 2022 Emini pre-open market analysis Emini daily chart Emini double bottom reversal up from March 8 low after bears close tested the low. The bulls hope yesterday’s selloff will form a double bottom with the March 8 low and lead to a reversal. Currently, the market is in a triangle […]
Emini becoming neutral on daily chart
Trading Update: Monday March 14, 2022 Emini pre-open market analysis Emini daily chart The Emini becoming neutral is going sideways, forming a triangle. The market is deciding if it will have to reach the February 24 low and possibly break below it or form another higher low and continue sideways to up. The bulls are […]
Emini stalls forming third leg sideways to down
Market Overview: Weekend Market Analysis The SP500 Emini futures stalled and formed the 3rd leg sideways to down. Bears want a strong break below the February 24 low followed by a measured move down. They need next week to close as another bear follow-through bar. If they get that, the odds of a breakout below February 24 […]
Emini bulls want close above open of week
Trading Update: Friday March 11, 2022 Emini pre-open market analysis Emini daily chart Today will be important to pay attention to the weekly chart, and open of the week. Emini bulls want close above open of week. The Emini formed another stop entry buy yesterday; however, it is in the middle of a tight trading […]
Emini rally back to middle of prior bear leg
Trading Update: Thursday March 10, 2022 Emini pre-open market analysis Emini daily chart Yesterday saw the Emini rally back to middle of prior bear leg. The market is still deciding if March 8 was enough of a test of the February 24 low or if the market has to get closer to it. While yesterday […]
Emini strong Globex session reversal
Trading Update: Wednesday March 9, 2022 Emini pre-open market analysis Emini daily chart A strong Globex session reversal up retraced most of yesterday’s range. On Monday, the bears had a strong breakout bar, closing below the January low. The bears got follow-through yesterday, which increases the odds that the market will have to reach the […]
