Market Overview: S&P 500 E-mini Futures The S&P 500 E-mini bulls want a strong breakout above the ascending triangle pattern with sustained follow-through buying 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, […]
Monthly E-mini Sideways Trading Range
Market Overview: S&P 500 E-mini Futures The market formed a monthly E-mini sideways trading range in the last couple of months. Bulls want a resumption of the bull trend, with targets at the 7,200 round number and a 7,400 measured move based on the height of the recent trading range. Bears want a reversal from […]
Weekly E-mini Bulls Want a Breakout
Market Overview: S&P 500 E-mini Futures The weekly E-mini bulls want a breakout into new all-time highs followed by a resumption of the bull trend. Bears want the December 11 high area to act as resistance. If the market makes a new all-time high, they hope the follow-through buying will be weak and result in […]
Weekly E-mini Second Leg Sideways to Down
Market Overview: S&P 500 E-mini Futures The market formed a weekly E-mini second leg sideways to down, testing near the 20-week EMA. Bears need strong follow-through selling trading below the 20-week EMA to show they are in control. Bulls want the 20-week EMA to act as support, forming a wedge bull flag, with the first […]
Weekly E-mini Bears Need Follow-through Selling
Market Overview: S&P 500 E-mini Futures The weekly E-mini bears need follow-through selling following this week’s outside bear bar. They are looking for a second leg sideways to down to retest the November 21 low. If the market trades lower, bulls want the 20-week EMA to act as support, forming a wedge bull flag, with […]
Weekly E-mini Bulls Need Follow-through Buying
Market Overview: S&P 500 E-mini Futures The weekly E-mini bulls need follow-through buying breaking strongly above the October 29 high. If the market trades lower, they want the 20-week EMA to act as support. Bears hope the market stalls near the November 12 high area, forming a double top bear flag and a lower high […]
Buyers Below the 7-Bar Emini Bull Microchannel
Market Overview: S&P 500 E-mini Futures There were buyers below the 7-Bar Emini bull microchannel on the monthly chart. Bulls need to create a strong breakout above the October 29 high with sustained follow-through buying to resume the trend. Bears will need consecutive bear bars closing near their lows to show they are regaining control. […]
E-mini Pullback to the 20-Week EMA
Market Overview: S&P 500 E-mini Futures The market formed a S&P 500 E-mini pullback to the 20-week EMA. Bears will need consecutive bear bars closing near their lows and breaking far below the 20-week EMA to show they are firmly in control. Bulls want the October 10 low and the 20-week EMA to act as […]
E-mini Overlapping Candlesticks
Market Overview: S&P 500 E-mini Futures The weekly chart is forming E-mini overlapping candlesticks indicating two-sided trading. Bears will need consecutive bear bars closing near their lows to show they are in control. Bulls want a retest and breakout above the October 29 high, followed by a resumption of the trend from a double bottom […]
Weekly E-mini Pullback
Market Overview: S&P 500 E-mini Futures The market is forming a weekly E-mini pullback. Bears still need strong consecutive bear bars before traders will sell aggressively. Bulls want a retest and breakout above the October 29 high, followed by a resumption of the trend. S&P500 E-mini futures The Weekly S&P 500 E-mini chart The Daily […]
