Trading Update: Friday January 7, 2022 Emini pre-open market analysis Emini daily chart Emini at measured move targets with bull doji yesterday at the 50-day EMA. Weak follow-through after Wednesday’s big bear day. Yesterday is a High 1 buy signal bar at the 50-day MA. The bulls hope that Wednesday is just a bear trap […]
Emini rally pausing at last year’s high and 4800
Trading Update: Wednesday January 5, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a bear day and a reversal down from a new high. Emini rally pausing with a sell signal bar for today. However, it closed in the middle of its range and in the middle of a 6-day tight trading range. […]
Emini closed 2021 near new all-time high
Market Overview: Weekend Market Analysis The SP500 Emini futures closed 2021 near new all-time high. This week was a weak breakout above the 8-week trading range to the new all-time high. Bulls want a continuation higher to test the top of the trend channel line and the 5000 big round number. Bears want a reversal […]
Emini bulls want rally to new high before year end
Trading Update: Wednesday December 22, 2021 Emini pre-open market analysis Emini daily chart Yesterday was big bull day closing near its high. Monday was 1-day island bottom at bottom of bull channel, just below the September 2 high, and just above 100-day MA and December 3 low. It was also a test of the 4500 […]
Emini in middle of 7-week trading range with 2 weeks before month closes
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures are in the middle of 7-week trading range with 2 weeks remaining in 2021. The probability is slightly higher for a new high before a test of the December low. The EURUSD Forex market has been in a trading […]
Emini bulls want breakout above November all-time high
Trading Update: Friday December 17, 2021 Emini pre-open market analysis Emini daily chart Yesterday was a big bear day after a big bull day on Wednesday. Yesterday’s low was above Wednesday’s low. Emini bulls want breakout above November all-time high. The bulls hope that yesterday was just a deep pullback from Wednesday’s rally. They want […]
Emini close of year to be decided after today’s FOMC statement
Trading Update: Wednesday December 15, 2021 Emini pre-open market analysis Emini daily chart Yesterday gapped down, creating a 5-day island top. However, it reversed up from a 50% retracement of the December rally, the 4600 Big Round Number, and a test of the bottom of last week’s gap up. Yesterday closed just above the open […]
Emini should end year at new all-time high around 4800
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures reversed up strongly from the 50-day and 100-day moving averages and from just above the bottom of the bull channel on the daily chart. The odds favor a new all-time high around 4800 before end of the year. The […]
Emini minor reversal in December rally
Trading Update: Friday December 10, 2021 Emini pre-open market analysis Emini daily chart After a big 3-day rally to near the all-time high, the Emini yesterday was a small bear day closing near its low. A minor reversal in December rally. Yesterday is a sell signal bar for a lower high major trend reversal. However, […]
Emini deciding between a new high or October low test
Trading Update: Monday December 6, 2021 Emini pre-open market analysis Emini daily chart Friday was a big outside down day and the 3rd sideways day. That increases the chance that today could be sideways again. If today is an inside day, there would be an ioi (inside-outside-inside) pattern on the daily chart. That is a […]