Trading Update: Friday March 31, 2023
S&P Emini pre-open market analysis
Emini daily chart
- Today is the final day of month. The bulls have a bull reversal bar, closing near their high. The bulls will want another bull trend day and paint as little of a tail above the current monthly chart bar as possible. The bears want the opposite. They want to create as much damage to the current bar on the monthly chart.
- 今天是月末最后一天。形成一根多头反转K线，收在高点附近。多头希望造成一个多头趋势交易日，尽可能缩短在月线图上的上影线。空头的想法相反，他们想在月线图上造成更强的卖压
- The Emini gapped up yesterday and closed above the March 22nd high. Although yesterday was a bear close, this is a sign of bullish strength.
- Emini 昨日跳空并收于3/22高点上方。尽管昨天是熊市收盘，但这是看涨力量的迹象
- The bulls want to create a measuring gap and trap the limit order bears selling, betting on a failed bull breakout.
- 多头希望形成一个测量缺口和一个以限价单买入的押注多头突破失败的空头陷阱
- The bears need to prevent the bulls from getting another bull bar today. If the bulls can get another strong close today, it will increase the chances of a measured move from the March 13th low to the March 22nd high, projecting up to around 4,300.
- 空头今天需要阻止多头形成一根阳线，如果多头今天能再次强势收盘，将提高从3/13低点到3/22高点的趋势延续的可能，预计涨到4300左右
- There is a bear trendline around 4,140, and the market may have to test it.
- 市场可能会测试4140左右处的空头趋势线
Emini 5-minute chart and what to expect today
- Emini is up 13 points in the overnight Globex session.
- Emini 隔夜交易上涨了13点
- The Market has been in a tight bull channel on the Globex 60-minute chart since March 28th. Yesterday’s overnight session spent much time going sideways.
- 自3/28以来，市场在60分钟图上一直处于窄幅上升通道中，昨天的隔夜交易花了很多时间进行横盘整理
- Traders should expect a trading range open. This means that most traders should wait for the first 6-12 bars before placing a trade.
- 交易者预计会出现一个交易区间，这意味着大多数交易者在进行交易之前应该等待 6-12 根K线
- Most traders should wait for the opening swing trade that usually forms before the end of the 2nd hour after forming a double top/bottom or a wedge top/bottom.
- 大多数交易者会等待在第2小时结束前形成的双顶/双底或楔形顶/底处进行摆动交易
- The most important thing to remember on the open is to be patient and not too eager to trade. There are often several reversals, so traders should wait for a clear breakout with follow-through if they want to trade breakouts.
- 在开盘时要记住的最重要的事情是要有耐心，不要太急于交易。经常会发生几次反转，因此交易者应该等待出现明显的突破形态再跟进突破交易
- Today is the end of the quarter, Month, and week. This will create the potential for a surprise move, up or down late in the day. Traders should be prepared for anything.
- 今天是季度末、月末和周末。这将可能导致在当天晚些时候出现意外上涨或下跌。交易者应该为任何事情做好准备
Yesterday’s Emini setups
