Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

E-mini Testing 4,000

By Al BrooksStock MarketsFeb 25, 2021 09:27AM ET
www.investing.com/analysis/emini-testing-4000-200563243
E-mini Testing 4,000
By Al Brooks   |  Feb 25, 2021 09:27AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

The E-mini had a 2nd strong bull day yesterday. This increases the chance of a test of the all-time high, and possibly the E-mini testing 4000 Big Round Number within the next couple weeks.

The bulls are trying to get February to close near its high tomorrow, and they would like the month to close at a new all-time high. Any close near the high of the month would increase the chance of higher prices in March.

Can today be a 3rd consecutive strong bull trend day on the 5-minute chart? After a buy climax day, there is only a 25% chance of another very strong bull day today. If today is a bull trend day, it will probably be a weaker bull trend, like a trending trading range day, or a broad bull channel.

Since yesterday was a buy climax day on the 5 minute chart, there is a 75% chance of at least a couple hours of sideways to down trading today starting in the 1st couple hours. It is probably too late in the month for the bears to erase the bullishness on the monthly chart this month, with only 2 days remaining.

Overnight E-mini Globex trading

The E-mini is down 9 points in the Globex session. If it opens here, it will be at the bottom of the 2-hour trading range at the end of yesterday. Remember, the odds favor at least a couple hours of sideways to down trading, to begin by the end of the 2nd hour. It often begins on the open.

The odds are against a strong bull day after 2 strong bull days. Many bulls will take some profits on strong rallies. But the odds are also against a big bear day when the momentum up has been so strong. Today will probably be either a weak bull or bear trend day. Also, it will probably spend a lot of time going sideways. There should be at least one swing up and one swing down.

Yesterday’s setups

E-mini 5 Min
E-mini 5 Min

Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a red rectangle. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a much more detailed explanation of the swing trades for each day (see Online Course/BTC Daily Setups).

My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter.

If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro E-mini.

E-mini Testing 4,000
 

Related Articles

Matthew Levy
Earnings Season Is Off To Hot Start By Matthew Levy - Apr 16, 2021 3

“Other than my Cincinnati Bengals breaking my heart, few things are more consistent than stocks higher in April.” As a stock nerd and NFL fan, I love this quote from...

E-mini Testing 4,000

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
La Kh
La Kh Feb 25, 2021 5:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Terrible, terrible, analysis..... one your article - it will drop 10%, other your article-  testing 4000  Bad, very bad :(
Sam Astor
Astor Feb 25, 2021 5:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
“the E-mini testing 4000 Big Round Number within the next couple weeks.” Which part you didnt understand?
La Kh
La Kh Feb 25, 2021 5:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sam Astor   I think you don't understand. Where is 4000 ?
Frodo Greenspan
Frodo Greenspan Feb 25, 2021 4:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Testing 4000... it just dropped 2.5%
Guidothekiller pimp
Guidothekiller pimp Feb 25, 2021 12:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I think your article the other day is finally happening. I hope it does drop ten percent so we can can have a clear direction for buying some calls.
Frodo Greenspan
Frodo Greenspan Feb 25, 2021 9:42AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Terrible analysis, guess u didnt pay attention to numbers nd yield
John Quinn
John Quinn Feb 25, 2021 9:42AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
glad to see people don't listen to this fraud.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email