Trading Update: Friday June 24, 2022 Emini pre-open market analysis Emini daily chart The bulls want today to close above 3,800 and have a strong finish to week. Bulls are trying to get a reversal from the bear breakout below the May 20 low. The bulls closed just under 3,800 yesterday. The market will likely […]
Emini may close above 3,800 today or tomorrow
Trading Update: Thursday June 23, 2022 Emini pre-open market analysis Emini daily chart The daily chart is just under 3,800 and the May 20 low. The Emini may close above 3,800 today or tomorrow. The odds favor a test up to the 4,000 price level before the market goes much lower. The bears want any […]
Emini likely bounce and test 4,000 big round number
Trading Update: Wednesday June 22, 2022 Emini pre-open market analysis Emini daily chart Emini likely bounce and test of 4,000 big round number within the next month or two. The odds are the market will reach 3,800, which is the bottom of the May 20 low, sometime this week or next week. The Emini gapped […]
Emini likely to go 100 points higher and reach 3,800
Trading Update: Tuesday June 21, 2022 Emini pre-open market analysis Emini daily chart The odds favor the Emini having a rally of 100 points higher and testing 3,800 over the next couple of days as the bears take partial profits and the bulls buy for scalps. While it is possible the market keeps going down […]
EURUSD weak bear follow-through retesting low
The EURUSD Forex re-tested the low and the bears got a weak follow-through bar on the weekly chart. The bears want a breakout below the May low followed by a measured move down based on the height of the 7-year trading range. The bulls want a reversal higher from a double bottom major trend reversal following the trend channel line overshoot and wedge bottom.
Emini likely to try and rally 200 points soon
Trading Update: Friday June 17, 2022 Emini pre-open market analysis Emini daily chart The Emini is likely to try and rally 200 points soon. Yesterday was a big outside down day and was a second leg from last week’s selloff. Now that the bulls have a second leg down. As strong as yesterday was, the […]
Emini bears likely second leg down
Trading Update: Thursday June 16, 2022 Emini pre-open market analysis Emini daily chart The bulls got a reversal up yesterday; however, they probably need at least a micro double bottom which means the bears likely second leg down will follow. Market formed a bull bar yesterday, ending the streak of 5 consecutive bear bars on […]
Emini bulls want rally after today’s FOMC report
Trading Update: Wednesday June 15, 2022 Emini pre-open market analysis Emini daily chart Today is a FOMC report day, so there is the potential for a big move up or down at 11:00 PT. Bulls want rally after report. The bears have five consecutive bear bars on the daily chart, so the first reversal up […]
Emini bears trying hard to reach targets below
Trading Update: Tuesday June 14, 2022 Emini pre-open market analysis Emini daily chart Emini bears got a close below the May 20 low and are trying hard to reach targets below, the measured move. The odds are today will have a close above the open and end the streak of consecutive bear closes. The bears […]
Emini testing 3,800 big round number — a 20% correction
Trading Update: Monday June 13, 2022 Emini pre-open market analysis Emini daily chart Emini testing 3,800 big round number and is currently deciding if it needs to go lower to find buyers. The 3,800 level is a 20% correction from the all-time high, attracting long-term buyers. These buyers are value investors and will be happy […]
