Market Overview: EURUSD Forex The market traded higher but reversed to close as a bear bar forming a possible EURUSD Failed Breakout. The bears will need to create follow-through selling to increase the odds of a deeper pullback. The bulls hope that the move down is simply a breakout test of the April high (breakout […]
Emini Slightly Climactic, Always In Long
Market Overview: S&P 500 Emini Futures The market remains Always In Long with the Emini slightly climactic. The bears have not been able to create strong follow-through selling since the March low. They will need to create consecutive bear bars to increase the odds of a deeper pullback. The bulls want any pullback to be […]
EURUSD Bull Breakout Above April High
Market Overview: EURUSD Forex The weekly chart was a EURUSD Bull Breakout above the April high. The bulls want a new leg up lasting many weeks like the one which started in November 2022. The bears want a failed breakout above the April high and a reversal from a trend channel line overshoot. EURUSD Forex market The […]
Crude Oil Weak Close above 20-Week EMA
Market Overview: Crude Oil Futures The weekly candlestick was a Crude oil weak close above the 20-week EMA (exponential moving average) and the bear trend line. The bulls need to create follow-through buying next week to increase the odds of reaching the April high. The bears want a reversal down from a double top bear flag […]
Emini Loss of Momentum, Small Wedge
Market Overview: S&P 500 Emini Futures The S&P 500 Emini loss of momentum is represented by the overlapping price action in the last 5 weeks. It also formed a small wedge (Jun 16, Jun 30, and Jul 14). The bulls need to create follow-through buying to increase the odds of higher prices. The bears want a reversal […]
EURUSD Weak PB to 20-Week EMA
Market Overview: EURUSD Forex The EURUSD Forex formed a weak PB (Pullback) to the 20-week exponential moving average. The bulls see the pullback as forming a micro wedge. This week’s bull bar closing near its high is a buy signal bar for next week. The bears hope that the recent rally was simply a deep […]
Crude Oil Follow-through Bull Bar
Market Overview: Crude Oil Futures The Crude oil futures formed a follow-through bull bar on the weekly chart. The bulls hope that this is the start of the bull leg to retest the April high. The bears want the 20-week exponential moving average and the bear trend line to act as resistance. They want the […]
Emini ioi pattern and No Follow-through Bull Bar
Market Overview: S&P 500 Emini Futures The weekly chart was an Emini ioi pattern (inside-outside-inside), which is a breakout mode pattern. The bulls did not get a follow-through bull bar following last week’s breakout above the August high. They want the market to trade above this week’s high to trigger the High 2 buy signal. However, a […]
EURUSD No Follow-through Selling
Market Overview: EURUSD Forex There was no follow-through selling on the weekly EURUSD Forex chart. The bulls want another leg up, completing the wedge pattern. The bears failed to create follow-through selling again in June. They are not as strong as they hope to be. If the current pullback remains weak (with overlapping bars, doji(s) […]
Emini Big Bull Bar Closing above August High
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures monthly candlestick was a big bull bar closing above August high. The bulls need to create a follow-through bull bar in July to confirm the breakout. The bears want a failed breakout above the August high and a reversal down from a double top […]