Market Overview: Weekend Market Analysis The EURUSD Forex has been trading sideways for the last 2 to 3 weeks. The bears want a reversal lower from a double top bear flag or a wedge bear flag. If the EURUSD sideways pullback continues, odds are sellers will return to sell the pullback. The bulls want this […]
Emini bull follow-through bar on weekly chart
Al added a few comments to report Market Overview: Weekend Market Analysis The SP500 Emini bulls got bull follow-through buying on the weekly chart. Odds favor a test of the February 2 high. The bulls will need to close far above the February 2 high to convince traders that a re-test of the trend extreme […]
Emini big bull bar from wedge bull flag & HL MTR
Al added a few comments to report SP500 Emini: Weekend Market Analysis The SP500 Emini futures reversed higher with big bull bar from a wedge bull flag and a higher low major trend reversal. It broke far above the bear trend line and closed near the weekly high. Bulls hope that the correction has ended […]
EURUSD in pullback from parabolic wedge on weekly and daily charts
EURUSD Forex: Weekend Market Analysis The EURUSD Forex is in a pullback from parabolic wedge sell-off testing the 700-pip measured move which started in October 2020. Traders are monitoring whether the bulls can create consecutive bull bars closing near their highs or the pullback is more sideways with weak bull bars. The leg down from February is […]
Emini stalls forming third leg sideways to down
Market Overview: Weekend Market Analysis The SP500 Emini futures stalled and formed the 3rd leg sideways to down. Bears want a strong break below the February 24 low followed by a measured move down. They need next week to close as another bear follow-through bar. If they get that, the odds of a breakout below February 24 […]
Emini weak follow-through buying so far
Market Overview: Weekend Market Analysis The SP500 Emini futures triggered the high 2 buy signal this week on the weekly chart, but weak follow-through buying so far. Traders are looking to see if the bulls can create another leg higher. If the Emini stalls at the February 2 lower high, odds are sellers will return […]
Emini breakout below OO but no follow-through selling
Market Overview: Weekend Market Analysis The SP500 Emini futures traded below January low, triggering the sell signal from the second OO pattern on the monthly chart. However, there was no follow-through selling and the Emini reversed back above the middle of the bar. Monday is the final day of the month. The bulls want a close far […]
Emini bear bar closing near low on weekly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures formed a second leg higher but reversed with bear bar closing near low on the weekly chart. The bears want this to be the start of the second leg sideways to down following January’s sell-off. The bears will need next week to be another bear follow-through bar to […]
Emini January candlestick closed as outside down bear bar with long tail below
Market Overview: Weekend Market Analysis The SP500 Emini futures January monthly candlestick was an outside down bear bar with a long tail below. It closed slightly below the middle of the bar and is a sell signal bar for February. However, the long tail below makes it a weaker sell signal bar. The bar after an outside […]
Emini strong bull reversal bar on weekly chart
Market Overview: Weekend Market Analysis The SP500 Emini futures traded below October low and reversed sharply higher closing above last week’s close on the weekly chart, a strong bull reversal bar. Monday is the last trading day of the month. Bulls want a strong close above the middle of the monthly candlestick around 4500. Bears […]