Market Overview: Crude Oil Futures The market formed a weekly Crude Oil second leg sideways to down testing the June 24 low. The bulls want the 20-week EMA and the June 24 low area to act as support. The bears must create strong follow-through selling trading below the 20-week EMA and the June 24 low […]
Weekly EURUSD Two-Legged Pullback
Market Overview: EURUSD Forex The market formed a weekly EURUSD two-legged pullback testing the 20-week EMA. The bears want another leg down to form the wedge pattern (with the first two legs being Jul 17 and Aug 1 lows). The bulls want a retest and breakout above the July 1 high, followed by a resumption […]
Monthly EURUSD Pullback Below Bull Microchannel
Market Overview: EURUSD Forex The market formed a monthly EURUSD pullback below bull microchannel in August. The bulls see the current move as a pullback and want it to have poor follow-through selling. The bears must create follow-through selling in August to increase the odds of a failed breakout. EURUSD Forex market The Monthly EURUSD […]
Monthly Crude Oil Bull Leg
Market Overview: Crude Oil Futures The market formed a monthly Crude oil bull leg. The bulls want a retest of the bull leg extreme high (Jun 23), even if it only forms a lower high. The bears need to create strong bear bars closing below the 20-month EMA to show they are back in control. […]
Emini 4-Bar Bull Microchannel
Market Overview: S&P 500 Emini Futures The market formed a S&P 500 Emini 4-bar bull microchannel on the monthly chart. The bulls expect at least a small second leg sideways to up after any pullback. The bears must create strong bear bars to show they are back in control. S&P500 Emini futures The Monthly Emini […]
Weekly EURUSD Retest of Recent High
Market Overview: EURUSD Forex The market is forming a weekly EURUSD retest of recent high. The bulls want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs. The bears want a lower high major trend reversal and a small double top. EURUSD Forex market […]
Weekly Crude Oil Bears Need Follow-through
Market Overview: Crude Oil Futures The weekly Crude Oil bears need follow-through selling trading below the 20-week EMA to increase the odds of testing near the bottom of the trading range. The bulls want the 20-week EMA to act as support, followed by a retest of the June 23 high, even if it only forms […]
Emini Persistent Buying
Market Overview: S&P 500 Emini Futures The market is forming an Emini persistent buying on the weekly chart. The bulls must create sustained follow-through buying to increase the odds of a measured move. The bears must create strong consecutive bear bars to show they are back in control, something they haven’t been able to do […]
Crude Oil Bear Flag
Market Overview: Crude Oil Futures The market is forming a Crude Oil bear flag on the weekly chart. The bears must create strong bear bars trading below the 20-week EMA to increase the odds of the bear leg testing the trading range low. The bulls want the 20-week EMA to act as support, followed by […]
Weekly Emini Bulls Need Follow-through Buying
Market Overview: S&P 500 Emini Futures The weekly Emini bulls need follow-through buying on the weekly chart to increase the odds of a sustained move. The bears want a reversal from a higher high major trend reversal and a double top (Dec 6). S&P500 Emini futures The Weekly S&P 500 Emini chart The Daily S&P […]
