Market Overview: FTSE 100 Futures The FTSE futures market moved lower last week with a bear surprise bar, and bears will want follow-through selling. The bulls see many legs and a higher-low with March. Traders have been buying the 100-week MA, so there is a natural long there. The bears will try and trap bulls there. […]
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Emini Support at 4,400 and June 15th Low
Trading Update: Friday June 23, 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 Bears Want Endless Pullback
Trading Update: Thursday June 22, 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 Second Leg Down Likely
Trading Update: Wednesday June 21, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update 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 […]
Emini Buy Climax test of 4,500 Round Number
Trading Update: Tuesday June 20, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Friday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from last Friday (before US holiday break). I show each buy entry with […]
EURUSD Bull Follow-through
Market Overview: EURUSD Forex The EURUSD Forex weekly candlestick formed a bull follow-through bar trading far above the 20-week exponential moving average. The bulls want a retest of the April high and a breakout above. The bears hope that this week was simply a deep pullback (bounce) and want a retest of the May 31 […]
Bitcoin Closed At 200 MA After a Surge From Support
Market Overview: Bitcoin Futures Bitcoin futures surge from support. The price barely decreased -0.36% of its value this week, after gapping down after the prior weekly close. Moreover, bears were unable to close, again, below the Head and Shoulders Bottom (HSB) breakout point and the 20 Exponential Moving Average (20 EMA). Bitcoin futures The Weekly […]
Emini TCL Overshoot (Trend Channel Line)
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures traded higher and formed a TCL Overshoot (trend channel line). The bulls want a strong breakout above the August high and a measured move up to around the March 2022 high area. The bears want a failed breakout above the August high and at least a […]
Crude Oil HL MTR (Higher Low Major Trend Reversal)
Market Overview: Crude Oil Futures The Crude oil futures formed a HL MTR (Higher Low Major Trend Reversal) pattern on the weekly chart. The market traded lower but the bears failed to get follow-through selling. Poor follow-through and reversals are common within a trading range. The bulls need to create a follow-through bull bar next […]
FTSE 100 High 2 in Bear Leg at Prior All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market moved prices higher, setting up a High 2 with 5 days of trending lows. The bears failed to get follow-through selling at the MA, so we might need to move higher. The bull bars are not strong, and we have a bear trend line above, which should […]
