The EURUSD Forex broke out below Sept low with strength. The bears want a persistent trend down towards the year 2000 low. If the bears start getting consecutive bear bars closing near the low, the odds of this increase. The bulls will need to create strong consecutive bull bars closing near their highs to create a failed breakout soon.
Emini Getting Close to June Low
Trading Update: Friday September 23, 2022 Emini pre-open market analysis Emini daily chart The bears are getting very close to June low and may have to get down to it. The bulls had a strong rally up to September 12. However, the bears got a strong reversal down, trapping the bulls. While the bears have […]
Emini bulls want to disappoint bears after yesterday’s bear breakout
Trading Update: Thursday September 22, 2022 Emini pre-open market analysis Emini daily chart The Emini broke below the September 18 low by going outside down yesterday. The bulls will see this breakout as the third leg in a wedge bottom (8/24, 9/6), and they hope today will be a strong reversal bar closing on its […]
Emini FOMC Report Today, Bulls Want Upside Breakout Test of 4,000
Trading Update: Wednesday September 21, 2022 Emini pre-open market analysis Emini daily chart The market is beginning to stall just under the September 6 breakout point and will probably have to bounce with upside breakout test of the 4,000 big round number soon. There is the Emini FOMC report today at 11:00 PT which has […]
Emini Testing Breakout Point of September 6
Trading Update: Tuesday September 20, 2022 Emini pre-open market analysis Emini daily chart Emini market is reversing up and testing breakout point of the September 6 low. This is probably the start of a couple of legs sideways to up. The bears will try and keep the September 6 breakout gap open, however, it will […]
Emini Wedge Bottom Likely Rally Back to 4,000 Soon
Trading Update: Monday September 19, 2022 Emini pre-open market analysis Emini daily chart The market reversed up late Friday, painting a tail on top of the bar. The market will likely have to reach the September 6 breakout point soon and close the open gap with wedge bottom likely rally and test of 4,000. The […]
EURUSD Weak Bear Bar after Testing Bear Trend Line
The EURUSD Forex was a weak bear bar with tail above and below. The bulls failed to create a consecutive bull bar on the weekly chart. The bulls hope that this week was simply a pullback and wants at least a small second leg sideways to up closing above the bear trend line. The bears will need to create a follow-through bear bar to increase the odds of the EURUSD trading lower.
Emini likely rally back to 4,000 big round number soon
Trading Update: Friday September 16, 2022 Emini pre-open market analysis Emini daily chart The bears have done an excellent job disappointing the bulls. However, the market is in a broad trading range, so the bears will probably be disappointed soon. Emini likely rally back to the 4,000 big round number soon. The reason is that […]
Emini bears want strong close follow-through
Trading Update: Thursday September 15, 2022 Emini pre-open market analysis Emini daily chart As expected, yesterday was a disappointment for the bears, confirming the market is still in a broad trading range on the daily chart. While the bears failed to get follow-through yesterday, they will try hard to get a strong close follow-through today. […]
Emini bears likely disappointed after yesterday’s impressive selloff
Trading Update: Wednesday September 14, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a very impressive bear selloff, completely reversing the recent four consecutive bull trend bars. But bears likely disappointed after selloff today. The selloff from yesterday is a strong enough surprise that the market will likely have a second leg down. […]
