Market Overview: FTSE 100 Futures The FTSE futures market went always in short on the weekly chart, so we might pull back briefly next week. We have competing trend lines. Which will win? Currently, it is better to be short or flat. Some traders will be buying below the low of the bull spike and scaling […]
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DAX 40 Breakout Below a Wedge, MM Target, AIS
Market Overview: DAX 40 Futures The DAX future chart has a breakout below a wedge on the weekly chart. It was a bear bar following another bear bar, so there was nothing to buy here. The stop is far away, and no opposite signals yet, so the probability is to lower prices. We might need […]
Nasdaq 100 Breakout below the Trading Range from June
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures week is a good follow-through to the bear bar of 10/16, with a tail above and a small tail below. On the daily chart, this week looks like a breakout below the trading range from June. The monthly bar is now a bear bar with […]
Emini Breakout below Bear Channel
Trading Update: Friday October 27, 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Testing Midpoint of 2022 Rally
Trading Update: Thursday October 26, 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Bulls Want Bears to Give Up
Trading Update: Wednesday October 25, 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each […]
Emini Profit Taking at October 6th Low
Trading Update: Tuesday October 24, 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 reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each […]
Emini First Reversal Up Likely to Fail
Trading Update: Monday October 23, 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 Richard created the SP500 Emini chart (Al on leave). Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green […]
Emini Another Leg Down
Market Overview: S&P 500 Emini Futures The market is forming Emini another leg down after reversing into a big outside bear bar. The bulls want a reversal up from a wedge bull flag. The bears want a strong breakout far below the October 3 low. S&P500 Emini futures The Weekly S&P 500 Emini chart The […]
Crude Oil Retest Extreme High
Market Overview: Crude Oil Futures The weekly chart is forming a Crude Oil retest extreme high (Sept 28). The bulls want a strong retest and breakout above the September 28 high, completing the larger wedge pattern with the first two legs being August 10 and September 28. If the market trades higher, the bears want […]