Market Overview: S&P 500 Emini Futures The market formed weak Emini follow-through selling on the monthly chart. The bulls want February to break into new all-time highs followed by a measured move based on the height of the recent sideways trading range. If the market trades higher, they hope the recent sideways trading range will […]
Monthly Crude Oil Lower High
Market Overview: Crude Oil Futures The market formed a monthly Crude Oil lower high, closing the monthly candlestick with a long tail above. The bears want the market to form another lower high and a failed breakout from the triangle pattern. The bulls hope to get a retest of the July 15 high, even if […]
Weak EURUSD Follow-through Selling
Market Overview: EURUSD Forex The market formed a weak EURUSD follow-through selling below the trading range. The bears hope to get at least a small sideways to down leg to retest the recent leg extreme low (Jan 13). The bulls want a failed breakout below the trading range and a reversal from a large double […]
EURUSD Bulls Need Follow-through Buying
Market Overview: EURUSD Forex The EURUSD bulls need follow-through buying following this week’s breakout above the bear trend line. They hope this is the start of the bull leg within trading range. The bears see the current move as a pullback and want the 20-week EMA to act as resistance. EURUSD Forex market The Weekly […]
Crude Oil Pullback on the Weekly Chart
Market Overview: Crude Oil Futures The market form a Crude Oil pullback on the weekly chart. The bears need to create follow-through selling next week to increase the odds of the bear leg beginning. The bulls see this week as a pullback and want at least a small second leg sideways to up to retest […]
Emini Bulls Need Follow-through Buying
Market Overview: S&P 500 Emini Futures The Emini bulls need follow-through buying to increase the odds of a breakout into new all-time highs territory and a continuation of the bull trend. The bears want a reversal from a double top (Dec 6) and a lower high major trend reversal. If the market trades higher, they […]
EURUSD Bulls Need to Do More
Market Overview: EURUSD Forex The EURUSD bulls need to do more to show that they are at least temporarily back in control by creating consecutive bull bars closing near their highs trading far above the bear trend line. The bears want a strong breakout below the trading range low and a measured move based on […]
Weekly Crude Oil Follow-through Buying
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil follow-through buying testing near the April high. If there is a pullback, the bulls want at least a small second leg sideways to up to retest the current leg extreme high (now Jan 15). The bears see the current move as a buy […]
The Emini Bulls Need Follow-through
Market Overview: S&P 500 Emini Futures The Emini bulls need follow-through buying to increase the odds of retesting the all-time high. If the market trades higher, the bears want a double top bear flag with the December 26 high or a lower high major trend reversal. S&P500 Emini futures The Weekly S&P 500 Emini chart […]
Weekly Emini Lower High Major Trend Reversal
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini lower high major trend reversal this week. The bears need to create a follow-through bear bar to increase the odds of lower prices. The bulls want the 20-week EMA, the October/November lows, or the bull trend line to act as support. S&P500 Emini […]
