Trading Update: Thursday July 14, 2022 Emini pre-open market analysis Emini daily chart The bears want a breakout below the June 30 breakout double top neckline (June 28 and July 8 high). Next, the bears would want a measured move down below the June 17 low. Bulls still want a double bottom high low major […]
Emini bulls want double bottom higher low major trend reversal
Trading Update: Wednesday July 13, 2022 Emini pre-open market analysis Emini daily chart The bulls are hopeful the market will form a double bottom higher low major trend reversal with the June 30 low. The bulls had a higher low major trend reversal on June 30th. However, the bulls may need a double bottom higher […]
Emini bulls want second leg up testing June 28 high
Trading Update: Tuesday July 12, 2022 Emini pre-open market analysis Emini daily chart The bears ended the six consecutive bull bar streak yesterday by getting a bear bar. While the odds favor the bulls getting a second leg up after six bull bars, the rally up to July 8th is not as strong as the […]
Emini bears want close below open today or tomorrow
Trading Update: Monday July 11, 2022 Emini pre-open market analysis Emini daily chart The Emini has six consecutive bull bars on the daily chart. While this is good for the bulls and a sign of strength, six consecutive bars are not common. This increases the odds that bears want close below open today or tomorrow, […]
EURUSD bear breakout below 2017 low
The EURUSD Forex weekly candlestick broke out below the 7-year trading range. Bears want a measured move down based on the 7-year trading range height which will take them to the year 2000 low. Bulls want a failed breakout below the trading range and hope that the 10-week trading range is the final flag of the whole move down since 2021.
Emini bulls upside breakout wanted with test of 4,000
Trading Update: Friday July 8, 2022 Emini pre-open market analysis Emini daily chart The odds are beginning to favor the bulls. Emini bulls upside breakout wanted, a test of 4,000 and ultimately a test of the June major lower high. The daily chart now has five consecutive bull bars and is testing the June 24th […]
Emini more sideways trading likely
Trading Update: Thursday July 7, 2022 Emini pre-open market analysis Emini daily chart Emini more sideways trading likely going into tomorrow’s 5:30am PT unemployment report. The bulls had a weak bull close yesterday following the three consecutive bear bars. Bears see yesterday as a signal bar for a Low 2 short from the June 28 […]
Emini bulls want breakout after FOMC release today
Trading Update: Wednesday July 6, 2022 Emini pre-open market analysis Emini daily chart Yesterday was an outside up bar closing near its high. This is the third consecutive bull bar at what might be a higher low major trend reversal. Emini bulls want bull breakout following today’s FOMC release. The bulls want an upside breakout […]
Emini bulls want higher low major trend reversal
Trading Update: Tuesday July 5, 2022 Emini pre-open market analysis Emini daily chart Emini bulls want higher low major trend reversal with July 1. They want this to lead to an upside breakout. The higher low is only a few bars so it might be a minor reversal up. Bulls can also call this a […]
EURUSD June monthly candlestick was inside bear bar
The EURUSD Forex market is in a 10-week trading range. Bears want a breakout below the 2017 low followed by a measured move down based on the height of the 7-year trading range height. Bulls want a reversal higher from a wedge bottom and a double bottom from the 7-year trading range low. Traders will BLSH (Buy Low, Sell High) until there is a strong breakout from either direction.
