Trading Update: Monday October 10, 2022 Emini pre-open market analysis Emini daily chart Last Friday, the bears did a great job reversing the bull breakout that began early last week. While the bears want follow-through, bears likely disappointment today. The bears hope this is the start of the move that will break far below the […]
EURUSD Bulls Failed to Create Follow-through Buying Again
Market Overview: EURUSD Forex The EURUSD Forex weekly candlestick was a bear reversal bar. The EURUSD bulls failed to create follow-through buying again, a recurring theme since 2021. The bears want a retest of the September low and another breakout attempt. The bulls hope that this is simply a retest of the low and want a reversal […]
Emini bears want strong entry bar today
Trading Update: Friday October 7, 2022 Emini pre-open market analysis Emini daily chart The bears got an inside bar yesterday, closing near its low. This creates a second entry short after the prior days outside the up bar. The bears want to trigger the short and want strong entry bar and successful bear breakout below […]
Emini Sideways to Up Likely and Test of 4,000
Trading Update: Thursday October 6, 2022 Emini pre-open market analysis Emini daily chart The bulls got a second leg up from the two-bar bull breakout on Monday and Tuesday. They are hoping for sideways to up likely with test of the 4,000 big round number. However more likely the market will continue sideways for now. […]
Emini Surprise Breakout Second Leg Up Likely
Trading Update: Wednesday October 5, 2022 Emini pre-open market analysis Emini daily chart The bulls have gotten a strong reversal over the past two trading days. The upside Emini surprise breakout is strong enough that the first reversal down will likely fail and lead to a second leg up. At the moment, the odds favor […]
Emini Bulls Trying for Consecutive Strong Closes
Trading Update: Tuesday October 4, 2022 Emini pre-open market analysis Emini daily chart The bulls got a close above Friday’s high yesterday, and they want consecutive strong closes today. Bulls are trying to prevent the successful bear breakout below the June low. Right now, the odds favor a rally and a test back to the […]
Emini Bears Need Breakout Follow Through below June Low
Trading Update: Monday October 3, 2022 Emini pre-open market analysis Emini daily chart The bears got a strong finish to the end of the week and month. The market closed below the June low, which is good for the bears but they need breakout follow through today. The bears have an opportunity to break far […]
EURUSD Weak Bear Bar with Long Tail Below
Market Overview: EURUSD Forex The EURUSD Forex monthly candlestick was another EURUSD weak bear bar after breaking below the 7-year trading range low. There is now a micro wedge (July, Aug and Sept) on the monthly chart. Bulls want a larger 2-legged sideways to up pullback before the EURUSD trades lower. The problem with the […]
Emini Failing to Break below June Low, Expect Rally Soon
Trading Update: Friday September 30, 2022 Emini pre-open market analysis Emini daily chart The bears broke below the June low yesterday, however, they failed to close below it, and the market will probably reverse up, so expect rally soon. The bulls see a micro wedge bottom (9/23, 9/27, 9/29) and will try for two legs […]
Emini Minor Reversal Up after June Low Test
Trading Update: Thursday September 29, 2022 Emini pre-open market analysis Emini daily chart The bulls got a bull reversal bar yesterday, ending the six-bar bear micro channel streak. A minor reversal up means traders should expect more sideways than straight up. The bears will look to sell the first reversal up. They want to prevent […]