Market Overview: Nifty 50 Futures Nifty 50 futures consecutive bear bars formed on weekly chart closing near their lows, and also near measured move target shown in the weekly chart below. Nifty 50 on the daily chart forming micro double bottom just above March month low and also making a wedge bottom so possible reversal expected. […]
Emini bear breakout below wedge bottom
Trading Update: Monday April 25, 2022 Emini pre-open market analysis Emini daily chart Emini bear breakout below wedge bottom. The bears now have two consecutive bear bars, one completely below the moving average. Right now, there is at least a 60% chance the bears will get some kind of measured move down. The bulls tried […]
Emini bulls want failed breakout below wedge bottom
Trading Update: Monday April 18, 2022 Emini pre-open market analysis Emini daily chart The bulls are trying to form a wedge bull flag (April 1, April 6, and April 13) and want failed breakout below wedge bottom. The bears went outside down following the credible stop entry buy on April 13. This increases the odds […]
Emini bull breakout of wedge bottom
Trading Update: Thursday March 17, 2022 Emini pre-open market analysis Emini daily chart Yesterday, the bulls had a strong entry bar following the truncated wedge (January, February, and the March 8 Double bottom). A breakout of wedge bottom. The bulls are hopeful that this is the start of two legs up that will lead to […]
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 wedge bottom and failed breakout below January 28
Trading Update: Tuesday February 22, 2022 Emini pre-open market analysis Emini daily chart On the daily Emini chart, Friday’s candlestick was a bear bar with a tail below closing slightly below February 14’s low. The bulls are hopeful they can get a strong stop entry buy setup for the Emini wedge bottom early next week, […]
