Weekend report co-author Andrew A. Market Overview: Weekend Market Analysis The SP500 Emini futures reversed up from an Emini double bottom bull flag this week on the daily chart. But it has been sideways for a month. Traders are waiting to see if August will have a bear body on the monthly chart. If it […]
Emini sell climax bounced back to 4400 and open of month
Trading Update: Friday August 20, 2021 Emini pre-open market analysis Emini daily chart Yesterday was a big bull day after 2 big down days and Emini sell climax. Closed above 4400 and just below open of month. High 1 buy signal bar but tail on top and 2 big bear days so probably only minor […]
Emini bear body now in August on the monthly chart
Trading Update: Thursday August 19, 2021 Emini pre-open market analysis Emini daily chart Yesterday had an Emini bear body (big) and it again broke below last week’s low. This time, it closed below. It also closed below the open of the month and below the 4400 Big Round Number. At the end of July, I […]
Emini outside up day and break above bull channel top
Trading Update: Tuesday August 17, 2021 Emini pre-open market analysis Emini daily chart Yesterday gapped down but reversed back up to above Friday’s high, forming an outside up day and a new all-time high. Emini broke above bull channel top. The day after an outside up day often has a lot of overlap with the […]
Emini pullback possible from above top of 4-month bull channel
Weekend report co-author Andrew A. Market Overview: Weekend Market Analysis The SP500 Emini futures continue to make new highs. The daily chart should break above the top of the 4-month bull channel this week, but then an Emini pullback to the middle of the channel. The EURUSD Forex is reversing up from a double bottom […]
Emini relentless rally to near top of bull channel
Trading Update: Friday August 13, 2021 Emini pre-open market analysis Emini daily chart Another day, another new high. An Emini relentless rally. Tight bull channel for 2 weeks after strong reversal up from July 19 low. No sign of top. Traders continue to expect higher prices. They will buy 1- to 3-day pullback. Getting near […]
Emini bulls want to test channel top at 4460
Trading Update: Wednesday August 11, 2021 Emini pre-open market analysis Emini daily chart New high yesterday, but closed below the old high from Friday. Bear body, but small so low probability sell signal bar for micro double top with Friday’s high. Emini bulls want to test channel top at 4460. Yesterday was a 2nd consecutive […]
Emini August rally testing bull channel top
Trading Update: Monday August 9, 2021 Emini pre-open market analysis Emini daily chart Friday was a small bull bar so weak follow-through after Thursday’s breakout to a new high, testing bull channel top. Thursday’s breakout was small. Bulls want 60-point measured move up based on 10-day trading range. Top of wedge bull channel on daily […]
Emini 7 bull bar streak on monthly chart should end by September
Weekend report co-author Andrew A. Market Overview: Weekend Market Analysis The SP500 Emini futures monthly chart 7 bull bar streak continues to slightly favor sideways to upside, but profit taking activity can begin at any moment. Bulls need follow through buying next week while bears wants a failed breakout from the tight trading range. The […]
Emini bull flag ahead of August unemployment report
Trading Update: Friday August 6, 2021 Emini pre-open market analysis Emini daily chart Small breakout to new all-time high and above 10-day tight trading range in strong bull trend, but closed below last week’s all-time high. An Emini bull flag before unemployment report. Yesterday was a good entry bar for Wednesday’s ioi buy signal and […]
