Market Overview: Nifty 50 Futures Nifty 50 futures bull channel formed on the weekly chart with also a bear breakout of the inside bar. Nifty 50 is still in a strong bull channel so bears would avoid taking swing shorts and bulls would look to buy pullbacks. Nifty 50 formed cup & handle patterns on […]
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Emini Bears Need Follow Through after Breakout
Trading Update: Friday December 16, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini Morning 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 sell entry […]
Emini Bears Want Second Leg Down
Trading Update: Thursday December 15, 2022 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 red […]
Emini Could Test 4,000 after FOMC Report Today
Trading Update: Wednesday December 14, 2022 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 red […]
Emini Surprise 130-point Breakout During Globex Session
Trading Update: Tuesday December 13, 2022 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 red […]
Emini Likely Sideways into Year End
Trading Update: Monday December 12, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from Friday. I show each buy entry with a green rectangle and each sell entry with a red […]
Emini Start of Pullback from Wedge Bear Flag?
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bears hope that this week is the Emini start of pullback from the wedge bear flag. The weekly candlestick closed below last week’s low and the 20-week exponential moving average. They need to create a follow-through bear bar to increase the odds of lower prices. The […]
Crude Oil Breakout below Trading Range and Bull Trend Line
Market Overview: Crude Oil Futures Crude oil futures weekly candlestick was a breakout below trading range and the bull trend line closing near its low. The bears want a measured move down using the height of the September to November trading range which will take them to around $56. The bulls want a failed breakout below […]
EURUSD Doji Bar at Bear Trend Line
Market Overview: EURUSD Forex The EURUSD Forex traded higher but closed as a EURUSD doji bar at bear trend line. The bulls did not get follow-through buying. The bull needs to break far above the major bear trend line to increase the odds that the selloff has ended. The parabolic wedge increases the odds that we will […]
Bitcoin Futures Trading Sideways
Market Overview: Bitcoin Futures Bitcoin futures trading sideways during the week. The final flag bull setup triggered a few weeks ago still in play while the price is within a bear channel. Bitcoin futures The Weekly chart of Bitcoin futures The Daily chart of Bitcoin futures Market analysis reports archive You can access all weekend […]
