Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil pullback closing as a bear bar with a prominent tail below. The bears will need to create consecutive bear bars closing near their lows to convince traders that they are back in control. If the market trades lower, the bulls want the 20-week […]
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Disappointing EURUSD Follow-through selling
Market Overview: EURUSD Forex The bears got a disappointing EURUSD follow-through selling on the weekly chart. They hope that this week was simply a pullback and hope to get at least a small second leg sideways to down. The bulls want a reversal from a higher low major trend reversal, a larger wedge bull flag […]
Bitcoin near all-time highs at 4th Halving
Market Overview: Bitcoin Bitcoin recent price action suggests a potential climax in buying pressure, transitioning the market from a strong uptrend into a sideways or even corrective phase. This weekend marks a pivotal event in Bitcoin’s history – the fourth halving. This built-in mechanism reduces the reward for mining new Bitcoin blocks by 50%, limiting […]
FTSE 100 Expanding Triangle, Bull BO PB, Surprise
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways to down last week after a bull BO. The bulls hit their swing target, took their 2:1, and ran! Big breakout gap below, so a better place to get long is down there – if it sets up. Bears who were fading the breakout got […]
DAX 40 Pullback, Second Leg Sideways to Down Likely
Market Overview: DAX 40 Futures DAX futures had a strong pullback end last week and went sideways with a bear doji. Friday was a strong reversal bar that hit bear targets. This is a weak bar for stop-entry traders. We will likely form a trading range around this price and 18000. It is strong enough […]
Nasdaq 100 Close Below November 2021 Bull Body Gap
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a big bear bar closing on its low far below the exponential moving average (EMA). The market also had a close below November 2021 bull body gap. On the daily chart, the market had a bear micro-channel with bear trend bars on 4 […]
Nifty 50 Micro Double Bottom
Market Overview: Nifty 50 Futures Nifty 50 Micro Double Bottom on the weekly chart. This week, the market closed with a weak bearish tone. The candle shows a small bearish body with a long tail at the bottom. This weak close reduces the likelihood of a significant trend reversal. Instead, the bears might see a […]
Emini Testing 5,000 Overnight
Trading Update: Friday April 19, 2024 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini near Major Support
Trading Update: Thursday April 18, 2024 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Likely to Bounce for Few Days
Trading Update: Wednesday April 17, 2024 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]