Trading Update: Monday January 31, 2022 Emini pre-open market analysis Emini daily chart The bulls had a low 1 short trigger on Friday; however, Friday closed on its high, setting up a reasonable second entry buy setup on the daily chart following last week’s selloff. The bulls are hopeful that Monday will gap up, triggering […]
Emini strong bull reversal bar on weekly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures traded below October low and reversed sharply higher closing above last week’s close on the weekly chart, a strong bull reversal bar. Monday is the last trading day of the month. Bulls want a strong close above the middle of the monthly candlestick around 4500. Bears […]
Emini low 1 sell signal but after Monday’s reversal up from sell climax
Trading Update: Friday January 28, 2022 Emini pre-open market analysis Emini daily chart Yesterday was the 4th day in a tight trading range after a breakout below the October low, which is the bottom of a 6-month trading range. An Emini low 1 sell signal. Since yesterday was an inside day, it is both a […]
Emini reversal up after sell climax testing October low
Trading Update: Thursday January 27, 2022 Emini pre-open market analysis Emini daily chart The bulls want a reversal from the 200-day moving average after the spike and parabolic sell climax. The market has a wedge top on the daily chart, with the third push-up being December 28. The selloff to January 24 may be the […]
Emini pausing after sell climax to below October low
Trading Update: Wednesday January 26, 2022 Emini pre-open market analysis Emini daily chart Monday was a big bull bar closing near its high. It was a buy signal bar for a break below the October low, which was the bottom of the 6-month trading range. The bulls also want a reversal up from the 200-day […]
Emini strong reversal up from October 2021 low
Trading Update: Tuesday January 25, 2022 Emini pre-open market analysis Emini daily chart Emini had a 200-point bull reversal day yesterday after falling below the October 2021 lows. A strong reversal up. Bulls are hoping the selloff from January 4 to yesterday’s bull reversal bar is a large 2nd leg trap that will lead to […]
Emini bears likely disappointment today
Trading Update: Monday January 24, 2022 Emini pre-open market analysis Emini daily chart The Emini broke below the December 2021 lows and the 200-day moving average last week. Al has been saying the Emini has likely been in a trading range since July 2021 on the daily chart. So the odds have favored a test […]
Emini surprise bear breakout below bull trend lines
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures broke far below the bull trend line and December 2020 low on the weekly and daily chart. It was a Surprise Bear Breakout which typically leads to a second leg sideways to down. The next target for the bears […]
Emini broke below December low at bottom of 3-month trading range
Trading Update: Friday January 21, 2022 Emini pre-open market analysis Emini daily chart The Emini formed a big bear bar closing on its low and below the December 3 low yesterday. That is a break below the 3-month trading range. Today is the follow-through day. If it is another bear day, it will confirm the […]
Emini bears need follow-through today
Trading Update: Thursday January 20, 2022 Emini pre-open market analysis Emini daily chart Emini is testing the 100-day moving average and broke below the daily and weekly trendline. The Emini bears need follow-through. December low is so close we will probably have to reach it to satisfy a test. The bears still see the wedge […]
