Trading Update: Wednesday January 19, 2022 Emini pre-open market analysis Emini daily chart Emini breakout below bull trend line yesterday on daily and weekly charts. It also closed below last week’s low, and it is testing 100-day MA. Bears want reversal down from January 4 wedge top (September 2, November 22, January 4) to continue […]
Emini continued disappointment on the daily chart
Trading Update: Tuesday January 18, 2022 Emini pre-open market analysis Emini daily chart Emini continued disappointment with daily chart in likely trading range since July. Bears see Friday, January 14 as a breakout pullback and are hoping January 13 is a lower high major trend reversal that reaches the December and October 2021 lows. The […]
Emini bears failed to get follow-through selling on weekly chart
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures weekly candlestick was a bull doji bar. The bears failed to get follow-through selling following last week’s bear signal bar. The bulls see the 3 pushes down (December 3, December 20, and January 10) as a wedge bull flag and want […]
Emini strong leg down in 2-month trading range
Trading Update: Friday January 14, 2022 Emini pre-open market analysis Emini daily chart Yesterday triggered a sell signal by going below Wednesday’s low. There is an Emini lower high major trend reversal after a 4-month wedge top and strong leg down in 2-month trading range. But Wednesday was a doji bar and therefore a weak […]
Emini stalling at November and December highs
Trading Update: Thursday January 13, 2022 Emini pre-open market analysis Emini daily chart Emini reversed up strongly on January 10 and had strong follow-through on January 11. The odds are we will go higher, but Emini stalling at the November 22 and December 16 highs, which is an area of resistance. The bulls are hopeful […]
Emini strong entry bar after yesterday’s January reversal up
Trading Update: Wednesday January 12, 2022 Emini pre-open market analysis Emini daily chart Monday reversed up strongly from the bottom of the 20-week EMA and the bull trend lines on the daily and weekly charts. It was also a test of the 100-day MA and the 4,600 Big Round Number. Yesterday triggered the buy signal […]
SP500 Emini trade setups
For Tuesday January 11, 2022 Full Emini and Forex trading update reports will be issued on Wednesday and Friday. This “SP500 Emini trade setups” post will be published on Monday, Tuesday, and Thursday each week. For Monday January 10, 2022 SP500 Emini trade setups charts show reasonable stop entry setups for the day. I show each […]
SP500 Emini trade setups
For Monday January 10, 2022 Full Emini and Forex trading update reports will be issued on Wednesday and Friday. This “SP500 Emini trade setups” post will be published on Monday, Tuesday, and Thursday each week. For Friday January 7, 2022 SP500 Emini trade setups charts show reasonable stop entry setups for the day. I show […]
Emini new high but weekly outside bear bar closed near low
Market Overview: Weekend Market Analysis The SP500 Emini futures traded lower after making a new high this week. An outside bear bar on the weekly chart. It is a 50% pullback from the December 20 rally. Bears want a test of the December low from a higher high double top with November 22, or a […]
Emini minor January reversal from wedge rally at measured move targets
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 […]
