Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures breakout above the February 2 high this week. The bulls will need to create follow-through buying next week to increase the odds of higher prices. The bears want a failed breakout above the February 2 high. If the Emini trades higher, they want a […]
Emini Follow Through after ioi
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures follow through after ioi (inside-outside-inside) breakout pattern last week. However, the bulls have not yet been able to break above the February 2 high. Buying at the top of a trading range (before a confirmed breakout with follow-through buying) is not an ideal setup. […]
Emini Breakout above ioi
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures bulls got a breakout above ioi (inside-outside-inside) pattern this week. They need to create follow-through buying next week breaking far above the February 2 high to increase the odds of higher prices. The bears want a reversal down from a failed breakout above the […]
Emini ioi Pattern (inside-outside-inside)
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed an an Emini ioi pattern (inside-outside-inside) on the weekly chart which means the market is in a breakout mode. However, the market is also in a 6-week tight trading range and the Emini is currently trading around the middle of it which is […]
Emini Double Bottom at 20-Week EMA
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed an Emini double bottom at the 20-week exponential moving average. So far, the pullback in the Emini has gone sideways. The bears are not yet strong. The bulls want a strong breakout above February 2 high followed by a measured move up using […]
Emini Consecutive Bull Bars Close above EMA
Market Overview: S&P 500 Emini Futures S&P 500 Emini futures April candlestick consecutive bull bars close above the 20-month exponential moving average (EMA). Monday is the first trading day of the month. The market may gap up at the open, creating a gap on the Monthly, Weekly and Daily charts. Small gaps usually close early. The […]
Emini 6-Bar Bull Micro Channel
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed a 6-bar bull micro channel on the weekly chart. That means strong bulls. The bulls want a strong breakout above February 2 high completing the wedge pattern with the first two legs being December 13 and February 2. The bears hope that the […]
Emini Strong Bull Leg
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed a strong bull leg up from the March 13 low. The bulls have a 5-bar bull micro channel which means strong bulls. Often, there are buyers below the first pullback from such a strong bull micro channel. The bears want a reversal down from a […]
Emini Follow-through Bar above 20-Week EMA
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures formed a weak follow-through bar after closing above the 20-week exponential moving average. While the move up since March 13 low is in a tight bull channel, it could simply be a bull leg within a trading range until there is a strong breakout […]
Emini Bull Reversal Bar
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures monthly candlestick was an Emini bull reversal bar closing near its high, reversing up from a double bottom bull flag (Dec 22 and Mar 13). Monday is the first trading day of the month. The market may gap up at the open, creating a […]
