Market Overview: S&P 500 Emini Futures There were Emini buyers below the first pullback on the monthly chart. The bulls hope to get another strong leg up completing the wedge pattern with the first two legs being July 27 and March 21. The bears want a reversal from a higher high major trend reversal and a large wedge pattern (Dec 2, July 27, and March 21). S&P500 […]

Market Overview: S&P 500 Emini Futures There was no weekly Emini follow-through buying following last week’s breakout above the March 21 high. The bulls see this week simply as a pullback and want the market to continue higher. The bears want a reversal from a higher high major trend reversal or a double top with the March 21 high. […]

Market Overview: S&P 500 Emini Futures The market traded higher and formed an Emini new all-time high this week. The bulls want a strong a strong breakout above the March 21 high followed by the start of a larger broad bull channel phase. The bears want a reversal from a higher high major trend reversal or a double top with the March 21 high. At the very least, they […]

Market Overview: S&P 500 Emini Futures The weekly chart is forming a minor Emini pullback. The bulls want a strong retest of the March 21 high followed by a strong breakout above, starting the larger bull channel phase. The bears want at least a small second leg sideways to down after a pullback. If the market trades higher, they want a […]

Market Overview: S&P 500 Emini Futures The market formed a Weekly Emini inside bar closing near its high, forming a pullback from around the 20-week EMA. The bulls want a breakout above the inside bull bar with strong follow-through buying next week and a strong retest of the March 21 high. The bears want at least a […]

Market Overview: S&P 500 Emini Futures The market has entered an Emini profit-taking and pullback phase. The bears want at least a second leg sideways to down after a pullback. The bulls hope to get at least a small retest of the prior trend extreme high (Mar 21), even if it only leads to a […]

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 […]

Market Overview: S&P 500 Emini Futures The weekly chart indicates a loss of momentum since February with the Emini overlapping price action. Traders will see if the bears can create follow-through selling following this week’s bear bar. If a pullback begins, the bulls want it to be sideways and shallow, filled with bull bars, doji(s) […]

Market Overview: S&P 500 Emini Futures The monthly chart formed an Emini 6-bar bull micro channel which means strong bulls. Odds slightly favor buyers below the first pullback. The bears want a failed breakout above the all-time high and a reversal from a higher high major trend reversal. While a minor pullback can come at […]

Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini breakout above the ioi pattern. The bulls need to create follow-through buying to confirm the breakout above. The bears hope that the sideways tight trading range (the ioi pattern) will be the final flag of the rally. S&P500 Emini futures The Weekly S&P […]