Trading Update: Friday May 6, 2022 Emini pre-open market analysis Emini daily chart The bears completely reversed bull breakout bar (May 4 bull trend bar). However, the bears were unable to close the market on its low. Yesterday also has a big tail below it, increasing the odds of a possible inside day today. Bulls […]
DAX futures bull reversal up from the 200-week MA
Market Overview: European Market Analysis DAX futures bull reversal up from support off the 200-week MA. The bears want it to be a pullback in an 8-week tight bear channel and test of the breakout from the prior trading range. The bulls see a sell climax and high 1 reversal up from a still-intact bull […]
FTSE 100 bull surprise reversal up from 100-week MA
Market Overview: European Market Analysis This week saw a FTSE 100 bull surprise reversal up from 100-week MA not far from the start of the large pullback. Two of the largest bars in the trend have occurred in the past 3 weeks which means there is a reasonable chance we’re in a developing trading range. […]
Emini strong Globex session reversal
Trading Update: Wednesday March 9, 2022 Emini pre-open market analysis Emini daily chart A strong Globex session reversal up retraced most of yesterday’s range. On Monday, the bears had a strong breakout bar, closing below the January low. The bears got follow-through yesterday, which increases the odds that the market will have to reach the […]
Emini bulls strong reversal up after wedge bottom
Trading Update: Tuesday March 1, 2022 Emini pre-open market analysis Emini daily chart The bulls were able to get a third consecutive bull close on the daily chart. A strong reversal up after wedge bottom. The prior blog post states that traders do not know two things. First: Will this be the low for the […]
Emini reversal after failed breakout below OO pattern
Trading Update: Monday February 28, 2022 Emini pre-open market analysis Emini daily chart The Emini broke below the January low last week, followed by reversal after failed breakout. The selloff last week was also a test of the 7-month trading range. The bulls hope that the February 24 strong buy signal bar and the follow-through […]
Emini strong bull reversal bar on weekly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures traded below October low and reversed sharply higher closing above last week’s close on the weekly chart, a strong bull reversal bar. Monday is the last trading day of the month. Bulls want a strong close above the middle of the monthly candlestick around 4500. Bears […]
Emini reversal up after sell climax testing October low
Trading Update: Thursday January 27, 2022 Emini pre-open market analysis Emini daily chart The bulls want a reversal from the 200-day moving average after the spike and parabolic sell climax. The market has a wedge top on the daily chart, with the third push-up being December 28. The selloff to January 24 may be the […]
Emini reversing up from sell climax at support in December
Trading Update: Friday December 3, 2021 Emini pre-open market analysis Emini daily chart Yesterday was big bull bar after 2 big bear bars. The Emini is reversing up from sell climax. It reversed up from a 7-day micro wedge bottom and from a parabolic wedge bottom (November 23, November 26, December 1). The reversal was […]
Emini’s November parabolic wedge reversal should be minor
Trading Update: Wednesday November 10, 2021 Emini pre-open market analysis Emini daily chart Monday was a sell signal bar for a parabolic wedge reversal buy climax that was testing the top of the 6-month bull channel. Yesterday triggered the sell signal by breaking below Monday’s low. Since yesterday closed below its midpoint and below Monday’s […]
