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 […]
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Bitcoin July 2023 Double Top in Bull Channel
Market Overview: Bitcoin Futures Bitcoin Futures July 2023 Double Top in Bull Channel. During the week, the value of a Bitcoin decreased 0.86%. A couple of weeks ago, a bull signal was triggered, but the follow through was not good since it was a doji bar closing below the bull signal close. This week was […]
Nasdaq 100 Second Bear Reversal Bar in as Many Weeks
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures short trading week is a small bear reversal bar with small tails above and below. This is the second bear reversal bar in as many weeks. At this point bears would like a close below the prior bar. That has not happened since early March. […]
Nifty 50 Broad Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Broad Bull Channel on the weekly chart. Following the large outside bar, the market this week produced a weak bull close with a long tail on the top. A few bears may sell because the market is trading near the top of a potential wedge top. On the daily […]
FTSE 100 Surprise Bear BO Below a Wedge, Bull Channel
Market Overview: FTSE 100 Futures The FTSE futures market moved lower strongly last week with a surprise bear BO below a wedge. Traders may expect 2 legs sideways to down. The bulls see a climax bar and will look to reverse it near the 200-week MA. Bears need a follow-through bar next week to try to […]
DAX 40 Tight Trading Range at MA in Bull Channel
Market Overview: DAX 40 Futures DAX futures has been stuck in a tight trading range for several weeks, and this is the first touch of the MA. The bears see a possible second entry short – but at the MA is not great. Bulls will happily buy the MA and below in such a strong […]
Emini Trading Range Likely for Several Weeks
Trading Update: Friday July 7, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Likely to Test into June 30th Gap
Trading Update: Thursday July 6, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a […]
Emini Bulls Want Second Leg Up
Trading Update: Wednesday July 5, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Last Friday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from last Friday (before US holiday). I show each buy entry with a green rectangle and […]
Nasdaq 100 Best Pair of Bull Bars since July 2020
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures June monthly candlestick is a big bull trend bar with small tails and a body proportionate with the May monthly bar. This is the best pair of bull bars since July 2020 when the market broke to new highs post-pandemic. The week closed as an outside […]
