Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini formed a breakout below the November low. Bears need to generate sustained follow-through selling to confirm the breakout. Bulls see the move as a deep pullback testing the December 6, 2024 breakout point and want this area to act as support. S&P500 E-mini futures The […]
E-mini Bear Leg Testing the November Low
Market Overview: S&P 500 E-mini Futures The market is forming a S&P 500 E-mini bear leg testing the November low. Bears want a strong breakout below the tight trading range and the November low, followed by a measured move toward 6,500 based on the height of the 13-week trading range. If the market breaks below […]
E-mini Broke Out Below the Tight Trading Range
Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini broke out below the tight trading range this week. Bears need strong follow-through selling next week to shift the market to Always In Short. Bulls want the breakout below the tight trading range to fail, followed by a retest of the all-time high (January 28). […]
Monthly E-mini Tight Trading Range
Market Overview: S&P 500 E-mini Futures The market formed a monthly E-mini tight trading range near the all-time high. Four consecutive dojis signal temporary balance between bulls and bears. Traders will watch for a breakout in either direction and, more importantly, the strength of follow-through. S&P500 E-mini futures The Monthly E-mini chart The Weekly S&P […]
E-mini Tight Trading Range
Market Overview: S&P 500 E-mini Futures The market formed a S&P 500 E-mini tight trading range in the last 12 weeks. Bears want a strong breakout below the February 5 low and the 20-week EMA, followed by sustained follow-through selling and a measured move toward 6,500, based on the height of the 12-week trading range. […]
E-mini Bears Want a Breakout Below
Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bears want a breakout below the February 5 low and the 20-week EMA, followed by sustained follow-through selling. Bulls want the 20-week EMA to hold as support. If the market trades lower, they want the November 21 low to act as support. S&P500 E-mini futures […]
Weekly E-mini Tight Trading Range
Market Overview: S&P 500 E-mini Futures The market is in a weekly E-mini tight trading range near the all-time high. Bears need more follow-through selling closing below the 20-week EMA to flip the market into Always In Short. Bulls need a strong breakout with sustained follow-through buying above the January 28 high to increase the […]
Weekly E-mini Low 4
Market Overview: S&P 500 E-mini Futures The market formed a weekly E-mini Low 4 sell setup on the weekly chart. Bears need a strong bear entry bar closing near its low, followed by sustained follow-through selling, to increase the odds of a deeper pullback. The lack of strong bear bars with follow-through selling remains a […]
Weekly E-mini Double Bottom Bull Flag
Market Overview: S&P 500 E-mini Futures The market formed a weekly E-mini double bottom bull flag (January 2 and January 20). Bulls need a strong breakout above with sustained follow-through buying above the January 12 high to increase the odds of a trend resumption. Bears see the reversal up this week as a retest of […]
E-mini Bulls Want a Strong Breakout Above
Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bulls want a strong breakout above to increase the odds of a trend resumption. Bears want the October 29 high area to act as resistance; if the market trades higher, they hope follow-through buying will be weak, resulting in a failed breakout. S&P500 E-mini futures […]
