Market Overview: DAX 40 Futures DAX futures was a doji and a double bottom at the 13000 big round number. We are always in short but a pause here at the bottom of a trading range will make bears consider whether they want to swing below. Bulls will start to scale in and a High […]
Emini likely bounce and test 4,000 big round number
Trading Update: Wednesday June 22, 2022 Emini pre-open market analysis Emini daily chart Emini likely bounce and test of 4,000 big round number within the next month or two. The odds are the market will reach 3,800, which is the bottom of the May 20 low, sometime this week or next week. The Emini gapped […]
Emini testing 3,800 big round number — a 20% correction
Trading Update: Monday June 13, 2022 Emini pre-open market analysis Emini daily chart Emini testing 3,800 big round number and is currently deciding if it needs to go lower to find buyers. The 3,800 level is a 20% correction from the all-time high, attracting long-term buyers. These buyers are value investors and will be happy […]
Emini close below 4,000 for first time in over a year
Trading Update: Tuesday May 10, 2022 Emini pre-open market analysis Emini daily chart Emini close below 4,000 for the first time in over a year. Bears hope this will lead to a successful bear breakout and measured move down from the February – March trading range, which would test the 3,600-price level. The market has […]
Emini retesting 4700 Big Round Number
Trading Update: Monday November 15, 2021 Emini pre-open market analysis Emini daily chart Strong reversal up on Friday after 5 consecutive bear bars. Emini is testing the 4700 Big Round Number. The November 5th top came from just below the top of the 15-month bull channel. Some traders believe that the resistance was not adequately […]
Emini testing 4500 Big Round Number and channel top
Trading Update: Thursday August 26, 2021 Emini pre-open market analysis Emini daily chart Emini poked above top of bull channel drawn from May 7 high on daily chart (not shown), but closed below. It also got to within a couple points of, and thus testing 4500 Big Round Number. Probably will try again today to […]