Market Overview: EURUSD Forex The market formed a weekly EURUSD bull breakout above the trading range. The bulls need to create sustained follow-through buying to confirm the breakout. The bears want a failed breakout followed by a retest of the middle of the trading range. They must create strong bear bars to show they are […]
Crude Oil Bulls Need Strong Follow-through Buying
Market Overview: Crude Oil Futures The Crude Oil bulls need strong follow-through buying to increase the odds of the bull leg starting. The bears see the current move as a pullback. They want the market to form a lower high or a double top bear flag with the April 2 high. Crude oil futures The […]
Emini Bulls Need Strong Follow-through Buying
Market Overview: S&P 500 Emini Futures The Emini bulls need strong follow-through buying following to increase the odds of testing the 20-week EMA. The bears want the pullback to be weak and sideways. They want it to stall below the March 25 high, forming a large double top bear flag. S&P500 Emini futures The Weekly […]
Emini Bear Breakout
Market Overview: S&P 500 Emini Futures The market formed an Emini bear breakout from the 5-month trading range on the monthly chart. The bears want the third leg down completing the wedge pattern (with the first two legs being Mar 13 and now Apr 4). The bulls hope the July 27 high, or the 200-week […]
Crude Oil 2-Legged Bear Leg
Market Overview: Crude Oil Futures The market formed a Crude Oil 2-legged bear leg on the monthly chart. The bears want a breakout below the trading range followed by a measured move based on the height of the trading range. The bulls hope the September or December low will act as support. Crude oil futures […]
EURUSD Retest of the Trading Range High
Market Overview: EURUSD Forex The market formed a EURUSD retest of the trading range high this week. The bears see the current move as a bull leg and a buy vacuum within the trading range. They hope that the upper third of the trading range will act as resistance. The bulls want a retest of […]
Weekly Weak EURUSD Pullback
Market Overview: EURUSD Forex The market formed a weekly weak EURUSD pullback, the candlestick closing as a bull doji with a long tail below. The bulls expect to get at least a small sideways to up leg to retest the recent leg extreme high (Mar 18), even if it only forms a lower high. If […]
Crude Oil Pullback to the Middle of Trading Range
Market Overview: Crude Oil Futures Crude Oil pullback to the middle of trading range on the weekly chart. The bulls need to create more follow-through buying trading far above the 20-week EMA to increase the odds of the bull leg beginning. The bears hope to get a retest of the March 5 low after the […]
Weekly Weak Emini Pullback
Market Overview: S&P 500 Emini Futures The market formed a weekly weak Emini pullback, forming an outside bear bar closing near its low. The bears want a retest and breakout below the March 13 low. The bulls want the September or August lows to act as support. S&P500 Emini futures The Weekly S&P 500 Emini […]
Weekly Emini Minor Pullback
Market Overview: S&P 500 Emini Futures The market is forming a weekly Emini minor pullback. The bulls must create consecutive bull bars closing near their highs to show they are back in control. The bears want the pullback to be weak and sideways (overlapping candlesticks, doji(s), bear bars, long tails above candlesticks). S&P500 Emini futures […]
