Are you ready to dive into the world of market analysis like never before? As the world’s best investment manager and financial market journalist, I bring you the most insightful analysis of the S&P E-Mini market to help you make informed decisions and maximize your profits. Let’s break it down step by step to unlock the potential of today’s market:
Key Insights from Yesterday’s Market
- The market reached the moving average and the 5,600 round number, crucial support levels on the daily chart.
- After being away from the moving average for about 30 bars, the market is showing signs of climactic behavior.
- While bears have been pushing the market down, the odds suggest a trading range rather than a strong bearish selloff.
- Bears are currently selling into support, but a strong breakout in the past two days indicates potential for a second leg down.
Forecast for Today’s Market
- The Globex market sold off to yesterday’s range bottom but is now moving sideways to up on the 15-minute chart.
- Bulls are eyeing a double bottom setup and a breakout above the neckline for a measured move higher.
- With the daily chart at support, bulls are hoping for an upside breakout and a strong reversal.
Yesterday’s E-Mini Setups
For those looking to enter the market, here are the stop-entry setups from yesterday. Green arrows indicate buy entry bars, while red arrows signal sell entry bars. Remember, most swing setups do not always lead to trades, so it’s essential to manage your risk and trade wisely.
Overall, the market is at a critical juncture, with both bulls and bears vying for control. Stay tuned for more updates and analysis to navigate the market with confidence and precision.