Trading Update: Friday October 14, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a very good day for the bulls, with follow-through needed today, which might be the year’s low. While the odds favor a second leg up yesterday’s bull breakout, the bar is so climactic that the market may have to pull […]
Emini Bears Downside Breakout Overnight
Trading Update: Thursday October 13, 2022 Emini pre-open market analysis Emini daily chart Emini bears downside breakout overnight, and bears now have a 6-bar bear micro channel. The market is beginning to collect bear bars closing below midpoints under the June 17 low. The bulls keep trying to reverse the market up but failing. This […]
Emini Bulls Want Strong Buy Signal Bar Today
Trading Update: Wednesday October 12, 2022 Emini pre-open market analysis Emini daily chart The bulls tried to get a strong buy signal bar closing on its high yesterday after failing to break below the September 30 low. However, the market reversed down late yesterday, forming a doji bar. The bulls want strong buy signal bar […]
Emini Bulls Want to End Bear Streak
Trading Update: Tuesday October 11, 2022 Emini pre-open market analysis Emini daily chart The bears were able to get a follow-through yesterday after Friday’s big bear breakout. Bulls want to end bear streak. However, yesterday closed around its midpoint instead of on its low. This is a sign of weakness by the bears, and the […]
Emini Bears Likely Disappointment Today
Trading Update: Monday October 10, 2022 Emini pre-open market analysis Emini daily chart Last Friday, the bears did a great job reversing the bull breakout that began early last week. While the bears want follow-through, bears likely disappointment today. The bears hope this is the start of the move that will break far below the […]
Emini Breakout Pullback, Tight Bear Channel
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures traded higher but gave back most of the gains by Friday. Bears see this simply as an Emini breakout pullback and want another breakout attempt below the June low. Because of the strong selloff, the bulls will need a strong reversal bar or at least a […]
Emini bears want strong entry bar today
Trading Update: Friday October 7, 2022 Emini pre-open market analysis Emini daily chart The bears got an inside bar yesterday, closing near its low. This creates a second entry short after the prior days outside the up bar. The bears want to trigger the short and want strong entry bar and successful bear breakout below […]
Emini Sideways to Up Likely and Test of 4,000
Trading Update: Thursday October 6, 2022 Emini pre-open market analysis Emini daily chart The bulls got a second leg up from the two-bar bull breakout on Monday and Tuesday. They are hoping for sideways to up likely with test of the 4,000 big round number. However more likely the market will continue sideways for now. […]
Emini Surprise Breakout Second Leg Up Likely
Trading Update: Wednesday October 5, 2022 Emini pre-open market analysis Emini daily chart The bulls have gotten a strong reversal over the past two trading days. The upside Emini surprise breakout is strong enough that the first reversal down will likely fail and lead to a second leg up. At the moment, the odds favor […]
Emini Bulls Trying for Consecutive Strong Closes
Trading Update: Tuesday October 4, 2022 Emini pre-open market analysis Emini daily chart The bulls got a close above Friday’s high yesterday, and they want consecutive strong closes today. Bulls are trying to prevent the successful bear breakout below the June low. Right now, the odds favor a rally and a test back to the […]