Trading Update: Tuesday November 29, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups (Yesterday’s chart will be updated midday today) Brad created the SP500 Emini chart. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle […]
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Emini Bears Trying to Prevent Strong Close above November 15
Trading Update: Monday November 28, 2022 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Brad created the SP500 Emini charts. Here are several reasonable stop entry setups from Friday (market early close). I show each buy entry with a green rectangle and each sell entry […]
Bitcoin ii after Bear Breakout
Market Overview: Bitcoin Futures Bitcoin futures ii after bear breakout and still trading around a major price level, which is the 2017 close. Traders consider that the current area is a sweet spot for trading. Next week is the monthly bar close; so far, November is a bear bar with a prominent tail on both […]
Emini Tight Bull Channel Up, Wedge Bear Flag
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures move up from the October low is in a tight bull channel up on weekly chart. It also has 3 pushes therefore a wedge bear flag. Since the October low, the bull bars are big closing near their highs, while the bear bars had […]
Crude Oil Broke below Bear Trend Line
Market Overview: Crude Oil Futures The Crude Oil futures broke below bear trend line this week on the weekly chart. The bears need to create consecutive bear bars closing far below the bear trend line and September low to increase the odds of lower prices. The bulls hope that the current move down is a […]
EURUSD Pullback but Reversed into Bull Bar
Market Overview: EURUSD Forex EURUSD Forex pullback slightly on the weekly chart but reversed into bull bar. The bears failed to get follow-through selling. The move-up is in a tight bull channel. That means strong bulls. Odds continue to favor the EURUSD to trade at least a little higher. Because of the strong move up, the […]
FTSE 100 Failed Wedge Top, Always In Long
Market Overview: FTSE 100 Futures The FTSE futures market moved higher with a FTSE 100 failed wedge top and we are still always in long. The bulls have measured move targets just above and want to reach them. They also have some trapped traders from before that might need to get out. The bears shorted the […]
DAX 40 Bull Streak, High in Trading Range
Market Overview: DAX 40 Futures DAX futures have been on a DAX 40 bull streak high in a trading range. Traders will expect the pullback to be minor, but the risk is large for bulls who, up until now, have been buying above bars. The bears see the streak as a bull leg in a […]
Nasdaq 100 Sideways Move at Weekly EMA
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market is pausing, a Nasdaq 100 sideways move at the weekly exponential moving average (EMA). This week is a bad entry bar to the weak sell signal bar last week. Given the weak signal bar last week, it was likely that this week would not […]
Nifty 50 Futures Outside Bar
Market Overview: Nifty 50 Futures Nifty 50 futures outside bar on the weekly chart and continuing to go up, now the market is near its all-time high (just a few points away from breaking the level). Bulls expect a breakout above the all-time high level and bears would prefer to do nothing until they see […]
