Trading Update: Friday September 9, 2022 Emini pre-open market analysis Emini daily chart The market formed a double bottom with the July 26 low, with two consecutive bull bars closing on their highs. This is good for the bulls, but they need more as bulls want strong finish to week. The market will probably have […]
Emini bulls likely disappointed today
Trading Update: Thursday September 8, 2022 Emini pre-open market analysis Emini daily chart The bulls had a solid finish to the day yesterday, reversing most of the September 2 selloff. The channel down is tight, so the odds favor the bulls likely disappointed today, and the market will probably not form a strong follow-through bar […]
Emini likely rally and test 4,000 soon
Trading Update: Wednesday September 7, 2022 Emini pre-open market analysis Emini daily chart The bears broke below the September 1st low but failed to close below, which is a sign of weakness. The market will probably have to bounce soon with Emini likely rally and test of 4,000 big round number. The odds favor buyers […]
Emini bulls want second entry buy signal bar
Trading Update: Tuesday September 6, 2022 Emini pre-open market analysis Emini daily chart Last Friday was a big bear trend bar that almost went outside down with Thursday’s low. The market is trying to form a bottom with the July 28 low. The bulls want a strong buy signal bar today, which would be a […]
Emini August Monthly Candlestick Low Close
The S&P 500 Emini futures August candlestick closed as a reversal bar near the low. Odds are September should trade at least slightly lower. Bears want another consecutive bear bar to increase the odds of the 3rd leg down of a larger wedge pattern. Bulls want a reversal higher from a higher low major trend reversal.
Emini bulls want strong entry bar today
Trading Update: Friday September 2, 2022 Emini pre-open market analysis Emini daily chart The bears began taking partial profits yesterday, and the bulls started to buy for scalps. Bulls want strong entry bar today. The market reached the July 8 breakout point where there were buyers. Most breakout points are eventually tested; this is because […]
Emini first reversal up likely minor
Trading Update: Thursday September 1, 2022 Emini pre-open market analysis Emini daily chart Emini first reversal up likely minor. Bears have done a great job getting follow-through from the August 26 bear breakout. While the market is probably always in short, however, it is approaching support levels like the June 28 breakout point high, which […]
Emini final day of the month
Trading Update: Wednesday August 31, 2022 Emini pre-open market analysis Emini daily chart The bears reached the 4,000 big round number yesterday and closed under it. While the bears want the market to continue down lower, the odds are that the market is in a buy zone as bears begin to take profits, and bulls […]
Emini likely bounce as bears take partial profits
Trading Update: Tuesday August 30, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a disappointing bar for both the bulls and bears. The market will likely bounce here as bears take partial profits and may test the 4,100 area. This is because the risk is big for the bears, so they will likely […]
Emini bears likely disappointment soon
Trading Update: Monday August 29, 2022 Emini pre-open market analysis Emini daily chart Emini bears likely disappointment soon. Friday was a substantial bear-trend bar, which was a surprise. At the moment, the odds favor at least a small 2nd leg down over the next couple of days. Since Friday is a climactic bar, it is […]
