Trading Update: Tuesday February 15, 2022 Emini pre-open market analysis Emini daily chart Emini bulls higher low major trend reversal wanted. The daily chart tested the February 2 high last week and failed to break above it. The bears want follow-through after February 11 and are hopeful this is a double top lower high, major […]
Emini bears want follow-through today
Trading Update: Monday February 14, 2022 Emini pre-open market analysis Emini daily chart The daily chart tested the February 2 high last week and failed to break above it. The bears want follow-through after February 11 and are hopeful this is a double top lower high, major trend reversal setup that will break below the […]
Emini bear bar closing near low on weekly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures formed a second leg higher but reversed with bear bar closing near low on the weekly chart. The bears want this to be the start of the second leg sideways to down following January’s sell-off. The bears will need next week to be another bear follow-through bar to […]
Emini micro double top and double top with February 2 high
Trading Update: Friday February 11, 2022 Emini pre-open market analysis Emini daily chart An Emini micro double top formed over the past 2 days and a double top with the February 2 high. The Emini has been reversing up from a sell climax for 2 weeks. Yesterday rallied on the open, but then sold off […]
Emini bulls likely disappointed after higher low major trend reversal
Trading Update: Thursday February 10, 2022 Emini pre-open market analysis Emini daily chart The daily chart had a gap up yesterday following a micro double bottom. This is strong enough context that the market should move up for a day or two. The bulls want resumption of the V-bottom reversal up and are hopeful it […]
Emini Higher Low Major Trend Reversal but in 7-month trading range
Trading Update: Wednesday February 9, 2022 Emini pre-open market analysis Emini daily chart Yesterday was an outside up day, and it closed just above Monday’s high, which is a sign of strength. It was also the 4th day in the pullback from the strong rally to the February 2 high. There is now a micro […]
Emini high 1 buy signal but bear bar in tight trading range
Trading Update: Tuesday February 8, 2022 Emini pre-open market analysis Emini daily chart The bears got an inside bar yesterday on the daily chart, making the market more neutral. The bulls have a high 1 buy above yesterday’s high. However, the signal bar is a bear bar in tight trading range and a four bar […]
Emini January rally beginning to stall
Trading Update: Monday February 7, 2022 Emini pre-open market analysis Emini daily chart The Emini had a strong reversal up to the December low and the 4500 round number last week. However, once the market reached the two targets, the bull bodies became smaller. This is a sign of trading range price action, with the […]
Emini January candlestick closed as outside down bear bar with long tail below
Market Overview: Weekend Market Analysis The SP500 Emini futures January monthly candlestick was an outside down bear bar with a long tail below. It closed slightly below the middle of the bar and is a sell signal bar for February. However, the long tail below makes it a weaker sell signal bar. The bar after an outside […]
Emini V-bottom rally stalling in sell zone in middle of 6 month trading range
Trading Update: Friday February 4, 2022 Emini pre-open market analysis Emini daily chart I have been saying that there should be a pullback for 1 to 3 days since the rally has reached a sell zone. Emini V-bottom rally stalling. That zone is the middle of the 6-month trading range at around a 50% retracement […]