Trading Update: Friday March 18, 2022 Emini pre-open market analysis Emini daily chart The bulls have three consecutive bull bars on the daily chart. This increases the odds of a second leg up and a test of the top of the wedge (February 9). Emini bulls want breakout above March 3. The bulls hope that […]
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 strong bear breakout but likely disappointment today
Trading Update: Tuesday March 8, 2022 Emini pre-open market analysis Emini daily chart Emini had a strong bear breakout yesterday; closing below the January low. The bears are hopeful this will test the February 24 low and possibly break below. While the bears had a strong bear trend bar yesterday, look to the left, it’s […]
Emini surprise bear breakout below bull trend lines
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini futures broke far below the bull trend line and December 2020 low on the weekly and daily chart. It was a Surprise Bear Breakout which typically leads to a second leg sideways to down. The next target for the bears […]
Emini breakout below bull trend line and testing 100-day MA
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 bulls want breakout above November all-time high
Trading Update: Friday December 17, 2021 Emini pre-open market analysis Emini daily chart Yesterday was a big bear day after a big bull day on Wednesday. Yesterday’s low was above Wednesday’s low. Emini bulls want breakout above November all-time high. The bulls hope that yesterday was just a deep pullback from Wednesday’s rally. They want […]
Emini strong breakout attempt above September high
Trading Update: Tuesday October 26, 2021 Emini pre-open market analysis Emini daily chart Yesterday was a bull bar that broke to a new high. It is the 3rd consecutive bull bar closing above the September high (Friday’s close on the 5-minute chart was below the open, but it was above the open on the daily […]
Emini breaking above lower high of September 3
Trading Update: Tuesday October 19, 2021 Emini pre-open market analysis Emini daily chart Yesterday traded below Friday’s low and then above Friday’s high, making it an outside up day. It was the 4th consecutive bull day. Since it closed above Friday’s high, there is an increased chance of at least slightly higher prices today with […]
Emini weak follow-through after breakout above May 7 high
Trading Update: Monday June 14, 2021 Emini pre-open market analysis Emini daily chart Thursday closed above the May 7 high, which is the Breakout Point at the top of a 2-month trading range. Friday had a small bull body, so consecutive bull bars with closes above that high. That increases chance for a 200-point measured […]
Emini consecutive closes above May 7 breakout point
Market Overview: Weekend Market Analysis The SP500 Emini futures market had consecutive closes above the May 7 breakout point this week on the daily chart. Emini consecutive closes increase the chance of a successful breakout. The bulls will need bigger bull bars, and more bull bars if the breakout is to reach a 200-point measured […]
