0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Trading Update: Thursday June 24, 2021 Emini pre-open market analysis Emini daily chart After 2 big bull days, yesterday was likely to pause, and it did. It was a small bear doji bar. The Emini might pull back for a day or two, but traders should expect a break to new high. […]
Emini rallying from bear trap (late June)
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Trading Update: Tuesday June 22, 2021 Emini pre-open market analysis Emini daily chart Yesterday opened near Friday’s open with the Emini rallying from bear trap. A bull day after a big bear day where there is very little overlap between the 2 days is bullish. Many of Friday’s sellers did not exit […]
Emini reversing down from June’s wedge rally to double top
0Facebook 79Twitter 1LinkedIn WeiboFollowTotal80Market Overview: Weekend Market Analysis The SP500 Emini futures market is reversing down on the daily chart from a wedge rally to double top (higher high) with the May high. If the bears get follow-through selling next week, the rally will test the May low. The EURUSD Forex market on the weekly […]
Emini High 1 buy signal bar but weak after June FOMC
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Trading Update: Friday June 18, 2021 Emini pre-open market analysis Emini daily chart Fell below Wednesday’s low, but reversed up and closed just above open. Yesterday is an Emini High 1 buy signal bar, but after 2 big bear days, and without a big bull body, it is a weak buy setup. […]
Emini might make big move today after June FOMC report
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Trading Update: Wednesday June 16, 2021 Emini pre-open market analysis Emini daily chart Even though buy climaxes on weekly and monthly charts, no credible top, so odds favor higher prices. June FOMC report at 11am PT today. Tight bull channel on daily chart for 4 weeks, so traders continue to expect higher […]
Emini weak follow-through after breakout above May 7 high
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Trading Update: Monday June 14, 2021 Emini pre-open market analysis Emini daily chart Thursday closed above the May 7 high, which is the Breakout Point at the top of a 2-month trading range. Friday had a small bull body, so consecutive bull bars with closes above that high. That increases chance for […]
Emini consecutive closes above May 7 breakout point
0Facebook 75Twitter 0LinkedIn WeiboFollowTotal75Market Overview: Weekend Market Analysis The SP500 Emini futures market had consecutive closes above the May 7 breakout point this week on the daily chart. Emini consecutive closes increase the chance of a successful breakout. The bulls will need bigger bull bars, and more bull bars if the breakout is to reach […]
Emini weak breakout above April/May trading range
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Trading Update: Friday June 11, 2021 Emini pre-open market analysis Emini daily chart Yesterday was rollover day for the Emini, so traders should trade the September contract today. Yesterday reversed up from below the open of the week, and the open of the month. It closed near its open and in the […]
Emini new high in June but no clear breakout
0Facebook 1Twitter 0LinkedIn WeiboFollowTotal1Trading Update: Wednesday June 9, 2021 Emini pre-open market analysis Emini daily chart Emini new high in 10-day tight trading range at top of 9-week trading range, so Breakout Mode. Strong trend since May 19 low, and strong trend since March 2020 low, so odds slightly favor bull breakout. There is a […]
Emini wedge rally test of May high
0Facebook 0Twitter 0LinkedIn WeiboFollowTotal0Trading Update: Monday June 7, 2021 Emini pre-open market analysis Emini daily chart Friday triggered High 1 buy signal and closed on its high. Since Friday closed just below all-time high, in wedge rally test, it might gap up to new all-time high today. Friday could not break to all-time high, so […]
