Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures reversed this week with a small bear body and a big tail at the bottom. NASDAQ weekly bear reversal with market reaching all targets mentioned last week on the weekly chart. It is reversing after reaching the Leg1 Leg2 target of 11720. A reversal here […]
Emini bears completely reversed bull breakout
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 […]
