Trading Update: Monday March 14, 2022 Emini pre-open market analysis Emini daily chart The Emini becoming neutral is going sideways, forming a triangle. The market is deciding if it will have to reach the February 24 low and possibly break below it or form another higher low and continue sideways to up. The bulls are […]
Emini stalls forming third leg sideways to down
Market Overview: Weekend Market Analysis The SP500 Emini futures stalled and formed the 3rd leg sideways to down. Bears want a strong break below the February 24 low followed by a measured move down. They need next week to close as another bear follow-through bar. If they get that, the odds of a breakout below February 24 […]
Emini bulls want close above open of week
Trading Update: Friday March 11, 2022 Emini pre-open market analysis Emini daily chart Today will be important to pay attention to the weekly chart, and open of the week. Emini bulls want close above open of week. The Emini formed another stop entry buy yesterday; however, it is in the middle of a tight trading […]
Emini rally back to middle of prior bear leg
Trading Update: Thursday March 10, 2022 Emini pre-open market analysis Emini daily chart Yesterday saw the Emini rally back to middle of prior bear leg. The market is still deciding if March 8 was enough of a test of the February 24 low or if the market has to get closer to it. While yesterday […]
Emini strong Globex session reversal
Trading Update: Wednesday March 9, 2022 Emini pre-open market analysis Emini daily chart A strong Globex session reversal up retraced most of yesterday’s range. On Monday, the bears had a strong breakout bar, closing below the January low. The bears got follow-through yesterday, which increases the odds that the market will have to reach the […]
Emini strong bear breakout but likely disappointment today
Trading Update: Tuesday March 8, 2022 Emini pre-open market analysis Emini daily chart Emini had a strong bear breakout yesterday; closing below the January low. The bears are hopeful this will test the February 24 low and possibly break below. While the bears had a strong bear trend bar yesterday, look to the left, it’s […]
Emini bulls want major trend reversal
Trading Update: Monday March 7, 2022 Emini pre-open market analysis Emini daily chart The bulls want major trend reversal and hope last Friday will lead to a head and shoulders bottom, a higher low major trend reversal, and become the start of a reversal up that will test the all-time high. The bulls have a […]
Emini weak follow-through buying so far
Market Overview: Weekend Market Analysis The SP500 Emini futures triggered the high 2 buy signal this week on the weekly chart, but weak follow-through buying so far. Traders are looking to see if the bulls can create another leg higher. If the Emini stalls at the February 2 lower high, odds are sellers will return […]
Emini Low 2 sell signal bar at the EMA but minor reversal
Trading Update: Friday March 4, 2022 Emini pre-open market analysis Emini daily chart Yesterday is a Low 2 sell signal bar at the 20-day EMA, but it will probably only lead to a minor reversal and a higher low. It is a bear bar closing near its low. The bears hope the 6-day rally is […]
Emini likely second leg up after wedge bottom
Trading Update: Thursday March 3, 2022 Emini pre-open market analysis Emini daily chart Emini bulls triggered a H1 buy with likely second leg up, by going above Tuesday’s buy signal bar; however, it was a bear signal bar that lowered the probability for the bulls. The bulls still have a wedge bottom with December 3 […]