Market Overview: S&P 500 Emini Futures The market formed an Emini start of PB (pullback) following a climactic rally, ending the 10-bar bull microchannel streak. The bulls want the pullback to be sideways and shallow (with doji(s), bull bars and overlapping candlesticks), possibly forming a double bottom bull flag. The bears will need to create […]

Market Overview: S&P 500 Emini Futures The monthly chart formed an Emini strong consecutive bull bars closing above the July 27 high. The next target for the bulls is the all-time high. They will need to create a follow-through bull bar in January to increase the odds of a breakout above the all-time high. The […]

Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini 9-bar bull microchannel which means strong bulls. There may be buyers below the first pullback from such a strong bull microchannel. The bears need to create strong bear bars with follow-through selling to increase the odds of a deeper pullback. S&P500 Emini futures […]

Market Overview: S&P 500 Emini Futures The weekly chart is forming an Emini 8-bar bull microchannel. That means strong bulls. The bulls will need to create follow-through buying following the breakout above the July 27 high. The bears hope the climactic move will lead to a two-legged sideways to down pullback. S&P500 Emini futures The […]

Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini strong spike in the form of a 7-bar bull microchannel. The next target for the bulls is the July 27 high. The bears need to create strong bear bars with sustained follow-through selling to increase the odds of a deeper pullback. S&P500 Emini […]

Market Overview: S&P 500 Emini Futures The market formed an Emini strong reversal on the Monthly chart, reversing the majority of the selloff of the prior 3 months. The next targets for the bulls are the July 27 high and the all-time high. The bears see the current rally as a retest of the July […]

Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini follow-through bull bar following the breakout above the bear trend line. The next target for the bulls is the July 27 high. The bears want a reversal from a lower high major trend reversal or a double top with either the September 1 […]

Market Overview: S&P 500 Emini Futures The Emini Strong Bulls formed 3 consecutive bull bars closing near their highs, breaking far above the 20-week EMA and the bear trend line on the weekly chart. They want a resumption of the bull trend. The bears hope to get a reversal from a lower high major trend […]

Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini climactic reversal reversing half of the whole move down within a week. The bulls need to create follow-through buying next week to increase the odds of higher prices. The bears hope that this week was simply a 50% pullback and wants a larger […]