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 […]
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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 […]
Emini Bears Want Test of 5,000
Trading Update: Tuesday April 16, 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 Rally This week.
End of day video review Trading Update: Monday April 15, 2024 S&P 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 reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and […]
EURUSD Breakout Below
Market Overview: EURUSD Forex The weekly chart formed a EURUSD breakout below the triangle pattern and the small trading range. The bears need to create follow-through selling next week to increase the odds of a retest of the larger trading range low (October low). The bulls want a reversal from a higher low major trend […]
Bitcoin downside risk after failed High 2
Market Overview: Bitcoin Bitcoin extended sideways action, following a climactic surge, has left both bulls and bears on edge. The weekly chart hints at a potential change in momentum after a bullish run. Meanwhile, the daily chart reveals a tense standoff, with bears gaining an early advantage by creating a Major Trend Reversal setup. Could […]
Emini Consecutive Bear Bar
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini consecutive bear bar, something that has not happened since October 2023. The bulls want to get at least a small retest of the prior trend extreme high (Mar 21), even if it only leads to a lower high. The bears need to continue […]
Crude Oil Pullback?
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil pullback, closing as a bear doji following last week’s breakout above the bull channel. The bears want a failed breakout above the bull channel and a reversal from a wedge pattern. If the market trades lower (pullback), the bulls want the 20-week EMA […]