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 […]
Emini Weak Bull Follow-through
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a weak bull follow-through bar. The Emini is in a smaller 22-week trading range around 3750 and 4200. The market is currently trading around the middle of this range. Poor follow-through and reversals are hallmarks of a trading range. Traders will […]
Emini Futures Opened Lower but No Follow-through
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures opened lower but no follow-through selling. The bears hope that this week was simply a pullback and want another leg down forming the wedge pattern with the first two legs being March 2 and March 13. The bulls hope that the current pullback will […]
Emini Big Outside Bear Bar
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a big outside bear bar, reversing down from a lower high major trend reversal. The bears want this to be the start of the bear leg testing the October low. The bulls hope that the current pullback will form a higher […]
Emini Higher Low, Strong Bull Bar
Market Overview: S&P 500 Emini Futures The weekly chart was a strong bull bar and the bulls hope that the S&P 500 Emini futures market is forming a higher low followed by another strong leg up. The bulls will need to create strong follow-through buying to increase the odds of a retest of the February 2 high. […]
Emini Follow-through Bear Bar
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a follow-through bear bar after last week’s break below the inside doji. The bears need to create consecutive bear bars closing near their lows to increase the odds of lower prices. The bulls hope the pullback will result in a higher low and […]
Weekend Emini Consecutive Dojis
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly chart formed a pair of Emini consecutive dojis. There are often buyers below the first pullback from a strong channel up like the tight 8-bar bull micro channel. The bulls hope to get at least a retest of February high. The bears need […]
